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Fixed Income Mathematics
book

Fixed Income Mathematics

by Robert Zipf
June 2003
Beginner content levelBeginner
366 pages
9h 16m
English
Academic Press
Content preview from Fixed Income Mathematics
Sometimes some of the costs are so small that their inclusion will not
change the final decision. The costs of postage to mail a check to pay down a
loan would not usually be considered in the analysis. In Example 2.15 (the GI
insurance), the annual 2% costs were much smaller than the real estate tax
savings. However, you should always try to include all relevant costs and
returns before making a final investment decision.
Note that the word “return” can be somewhat ambiguous. It can mean
everything you get back from your investment, including the value of the orig-
inal investment. However, it could also mean simply the profit, or earnings,
from the investment. For example, if you buy a bond, receive the interest until
the bond matures, and get your money ...
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Publisher Resources

ISBN: 9780127817217