{"product_id":"an-introduction-to-option-adjusted-spread-analysis-revised-and-expanded-third-edition-9781576602416","title":"An Introduction to Option Adjusted Spread Analysis, Revised and Expanded Third Edition","description":"Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options.\u003cbr\u003e \u003cbr\u003e This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include: \u003cul\u003e \u003cli\u003eWhy yield-based analysis breaks down for nonbullet bonds\u003c\/li\u003e \u003cli\u003eHow to model put and call provisions as embedded options\u003c\/li\u003e \u003cli\u003eHow to distinguish the intrinsic and time components of option value\u003c\/li\u003e \u003cli\u003eHow to model interest-rate volatility, future interest rates, and future bond prices\u003c\/li\u003e \u003cli\u003eHow to calculate option-free price and yield\u003c\/li\u003e \u003cli\u003eHow to estimate the \"fair value\" of a bond\u003c\/li\u003e \u003cli\u003eHow to calculate implied spot and forward rates\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cbr\u003e Salespeople, traders, and investors will want to read this book and keep it on their desks.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTom Miller, \u003c\/b\u003e who revised and expanded this edition, was head of the fixed income and derivatives sales team at Bloomberg L.P. in New York. He teaches at the New York University School of Continuing and Professional Studies. Prior to joining Bloomberg, he traded in the money markets for eleven years.\u003c\/p\u003e\u003cbr\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":50420396753170,"sku":"9781576602416","price":28.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_6574163b-e0dc-4cb4-a943-4b195c459719.jpg?v=1729494239","url":"https:\/\/surprise-castle.myshopify.com\/products\/an-introduction-to-option-adjusted-spread-analysis-revised-and-expanded-third-edition-9781576602416","provider":"Surprise Castle","version":"1.0","type":"link"}