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Derivatives and Risk Management, 1st Edition
book

Derivatives and Risk Management, 1st Edition

by Sundaram Janakiramanan
May 2024
Intermediate to advanced content levelIntermediate to advanced
542 pages
27h 26m
English
Pearson India
Content preview from Derivatives and Risk Management, 1st Edition
Interest Rates 41
3.8 Term Structure of Interest Rates
At any particular time, there are a number of debt instruments or bonds with dierent maturities
and yields available for investment. e yield on bonds of the same maturity may dier because of the
dierent risk characteristics of the issuers. However, for a given issuer, the yields on bonds of the same
maturity should be the same, while the yield on bonds of dierent maturities may dier. e term
structure of interest rates, also called the yield curve, relates the yield on bonds of equivalent risk to their
maturities. Table 3.1 shows an example of term structure ...
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Publisher Resources

ISBN: 9781299447547Publisher Website