O'Reilly logo

Leveraged Finance: Concepts, Methods, and Trading of High-Yield Bonds, Loans, and Derivatives by FRANK J. FABOZZI, DOUGLAS J. LUCAS, STEPHEN J. ANTCZAK

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

1
The Yield Book Inc. is a company that provides The Yield Book , a fixed income analytics system, which, among other services, provides historical data on corporate bond yields, spreads, prices and returns. Information is available on www.yieldbook.com.
2
This ratio is calculated by dividing funds from operation by total debt.
3
This ratio is calculated by dividing total debt by total capital.
4
Calculated by dividing total debt by EBITDA.
5
See, for example, Edward I. Altman, “Measuring Corporate Bond Mortality and Performance,” Journal of Finance 44 (September 1989): 909- 922; Edward I. Altman, “Research Update: Mortality Rates and Losses, Bond Rating Drift,” unpublished study prepared for a workshop sponsored by Merrill Lynch Merchant Banking Group, High Yield Sales and Trading, 1989; Edward I. Altman and Scott A. Nammacher, Investing in Junk Bonds (New York: John Wiley & Sons, Inc., 1987); Paul Asquith, David W. Mullins, Jr., and Eric D. Wolff, “Original Issue High Yield Bonds: Aging Analysis of Defaults, Exchanges, and Calls,” Journal of Finance 44 (September 1989): 923-952; Marshall Blume and Donald Keim, “Risk and Return Characteristics of Lower-Grade Bonds 1977-1987,” Working Paper (8-89), Rodney L. White Center for Financial Research, Wharton School, University of Pennsylvania, 1989; Marshall Blume and Donald Keim, “Realized Returns and Defaults on Lower-Grade Bonds,” Rodney L. White Center for Financial Research, Wharton School, University of Pennsylvania, 1989; ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required