CHAPTER 17
Basic Valuation, Yield Measures, and Interest Rate Risk Measures
Frank J. Fabozzi, Ph.D., CFA, CPA Professor in the Practice of Finance Yale School of Management
In the previous chapter, we discussed the fundamental characteristics of bonds and the wide range of bonds available in the market. In this chapter, we explain the fundamental analytical tools necessary to understand how to analyze bonds and assess their potential performance when interest rates change.