Bond Markets, Analysis And Strategies (8th Edition) Download Free (EPUB, PDF)

                
              
Bond Markets, Analysis And Strategies (8th Edition) Download Free (EPUB, PDF)
An applied approach to understanding bond markets.    Through its applied approach, Fabozzi's Bond Markets prepares readers to analyze the bond market and manage bond portfolios without getting bogged down in the theory.   This edition has been streamlined and updated with new content, and features overall enhancements based on previous editions’ reader and instructor feedback.  
Hardcover: 744 pages
Publisher: Prentice Hall; 8 edition (January 16, 2012)
Language: English
ISBN-10: 013274354X
ISBN-13: 978-0132743549
Product Dimensions:  8 x 1.7 x 10.1 inches
Shipping Weight: 4.5 pounds
Average Customer Review:  3.8 out of 5 stars  See all reviews (36 customer reviews)
Best Sellers Rank: #200,862 in Books (See Top 100 in Books)   #37 in Books > Business & Money > Investing > Bonds   #156 in Books > Textbooks > Business & Finance > Investments & Securities
This book has numerous issues with incomplete formulas, math errors, and poor editing. Many of the questions at the end of the chapters are incomplete and the solutions in the manual often add in information that was not in the question. The solutions manual has lots of numbers transposed and on multipart questions these errors cause all of the answers to be incorrect. In addition, many of the solutions will change par value in the middle of the answer making it very confusing.The editor of this book should be fired immediately.
A little too wordy, but as a management text, I guess its a prerequisite. It covers the gamut of fixed income securities, but only approaches the problems deterministically. The first thirteen chapters are "text" chapters, with the real math starting in chapter 14. However, the math used is elementary, and will not be of much help in the real world. For the fixed income math portion look into "Bond Pricing and Portfolio Analysis" by Olivier de La Grandville.For a first course in bonds, and if the student has no prior background, this book will indeed be useful. But, for advanced students the book mentioned above should be more insightful.
If you think of this as an introductory book to the world of Bonds rather than a field manual for professionals you will find this to be a wonderful book. I find it to be engagingly written (yes, engaging!) with well-chosen examples. It is very nice to be able to read a book about Bonds and find it stimulating. It would have been easy to write a book that could act as a sleep-aid. Instead, this book provides learning objectives for each chapter and the prose is so inviting that I felt the book to be a page-turner.The math used is not complicated and is chosen to help understanding rather than demonstrate the sophisticated math used in the actual world of bond trading. If you want that kind of material this isn't the book for you.I don't know if there is a solutions manual available, but I couldn't find it. If there isn't, there should be. I have never had a college course that used the problems in the book for actual coursework and yet, no matter how simple the problems seem, it is nice for the student to be able to confirm that he or she has indeed found the right answer.There are also many helpful footnotes that point to materials for further and deeper reading on the subjects introduced in this fine book.
I agree with Veritas in that this text and its accompanying solution manual are plagued by errors.The text, in its examples, has errors throughout the text which makes learning this material extremely difficult.For example, on page 65, Exhibit 4-5, the answers given read as "Macaulay duration (half years)", "Macaulay duration (in years)" and "Macaulay duration". The last "Macaulay duration" should read Modified duration. On page 68, an equation reads "210.62(+0.02) = - 0.2124 = -21.24%". Do the math here folks! This should read, "-10.62(+0.02) = -0.2124 = -21.24%.Every chapter that I have read has errors. I am currently working on Chapter 18 and the examples given calculate the forward rates incorrectly. Page 425 has a 3-year forward rate of 5.58%, It should be 5.611.I guess someone could say, "You're being anal here. What's the difference between 5.58% and 5.611%?"The Author, publisher and editor should be ashamed of themselves.Keep in mind folks, this is a SEVENTH EDITION!I couldn't find any errata available on the publishers site either.I realized students don't have any say in what text is assigned in class, so you're stuck if this is the case.At least, I've warned students that there are more mistakes in this text than a speech by Vice President Joe Biden.
I was a major peer reviewer for the publisher of "Bond Markets, Analysis and Strategies," and have used it several times (perhaps as many as 10 semesters) for both undergrads and MBAs. I have no incentive to give this book any particular rating, but I HIGHLY RECOMMEND IT TO EITHER PRACTITIONERS AND ACADEMICS, AS IT IS AN EXCELLENT TEXT! There are very few weaknesses, and I disagree with most of those cited by the other reviewers listed here. It is clear, concise, loaded with examples, and beautifully written. It is also closely tied to real-world practice without sacrificing the mathematical modeling. Of course, it is no high-level bond pricing text, but it is not supposed to be--it is a broad introduction to bond markets. As such, it succeeds remarkably. In fact, I often refer to it to refresh my own understanding of the structure and pricing of these markets.I highly endorse it, and will continue using it.
I've used this book for a capital markets course, and it was well worth the money. It's easy to understand, and if your struggling just keep trying the practice problems at the end of each chapter. You'll find the solutions for most of the problems on the web in order to verify whether or not you are going through the right process.
BE CAREFUL if you want to buy this item at . I bought it for $170, and turns out  sent me a paper back one. I looked up my friend's book, the hard cover one sucks so bad because it is so thick (almost three times as the real hardcover book)
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