April 2015
Intermediate to advanced
340 pages
7h 21m
English
Content preview from Mastering Python for Finance
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Valuing a zero-coupon bond
A zero-coupon bond is a bond that does not pay any periodic interest except on maturity, where the principal or face value is repaid. Zero-coupon bonds are also called pure discount bonds.
A zero-coupon bond can be valued as follows:
Here, 
is the annually compounded yield or rate of the bond, and 
is the time remaining to the maturity of the bond.
Let's take a look at an example of a 5-year zero-coupon bond with a face value ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.