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BOND MATH: The Theory Behind the Formulas by Donald J. Smith

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Chapter 7: Floaters and Linkers

This chapter is based entirely on two of my papers. The first is “Negative Duration: The Odd Case of GMAC's Floating-Rate Note,” which appeared in the Journal of Applied Finance (Fall/Winter 2006). The second is “Alternative Designs for Inflation-Indexed Bonds: P-Linkers and C-Linkers.” I presented this paper at the annual meeting of the Financial Education Association in Fort Lauderdale (September 2009). It was published in Journal of Financial Education (Fall/Winter 2010).

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