Multiple Interest Rate Analysis

Theory and Applications

Authors: Osborne, M.

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  • ISBN 978-1-349-47627-5
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About this book

This book is an analysis of all possible interest rates. Dual expressions are used to solve long-standing puzzles, eliminate anomalies and draw conclusions about best practice and sound policy advice in areas of economics and finance. Topics include retail and corporate finance, capital budgeting and investment appraisal, bond risk management.

An on-line model demonstrating ideas from the book is available in the Wolfram Demonstrations Project (WDP) by searching "multiple interest rate analysis" in the WDP search engine. A 'computable document' containing the model and the model's code are also available as free downloads from the site.

About the authors

Mike Osborne is a Lecturer in Finance at the University of Sussex, UK. Dr Osborne’s career has spanned both academia and industry with previous positions including: Director of the MasterCard Academy, delivering payments education to banking clients in Europe; Vice President at Gulf International Bank, managing HR projects and policy; Director of Education at ACI - the Financial Markets Association - managing ACI’s global education and examination program for financial market professionals; Head of Banking Studies at the Bahrain Institute of Banking & Finance; and Economic Advisor in HM Treasury. Dr Osborne has a BA in Economics from Newcastle University, a Postgraduate Certificate in Education from the University of Oxford, an MA in the Economics of Money and Finance from the University of Sheffield, an MPhil in International Monetary Economics from the University of Liverpool, and a PhD in Financial Economics from Middlesex University.

Reviews

'I liked everything about it (except for the title, which gave me no clue about what was inside). If anyone had asked me, I would have guessed that there was nothing very new to be said about present-value equations, but you have certainly showed that conjecture to be wrong. The product of the roots of the present-value polynomial contains interesting and useful information, as the book demonstrates'.

- Robert M. Solow, Nobel laureate in Economics (1987), Institute Professor, Emeritus, and Professor of Economics, Emeritus,

Massachusetts Institute of Technology

'When facing complex problems that arise in the real world, one should always remember that real answers to real questions may require imagination. This book gets to the real root of such problems and more'.

- Peter Carr, PhD, Global Head of Market Modeling, Morgan Stanley and Exec. Director of NYU Courant Math Finance Program


Table of contents (11 chapters)

  • Multiple-Interest-Rate Analysis: What It Is and Why It Is Important

    Osborne, Michael

    Pages 1-8

  • Motivation

    Osborne, Michael

    Pages 9-11

  • Four Key Results of Multiple-Interest-Rate Analysis

    Osborne, Michael

    Pages 12-42

  • Is APR a Robust Measure of the Cost of Consumer Credit?

    Osborne, Michael

    Pages 43-60

  • Multiple-Interest-Rate Analysis Demonstrates Why the IRR Pitfalls Are Irrelevant and Provides a Better Reason to Prefer NPV as an Investment Criterion

    Osborne, Michael

    Pages 61-81

Buy this book

eBook $59.99
price for USA
  • ISBN 978-1-137-37277-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $75.00
price for USA
  • ISBN 978-1-137-37276-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $70.00
price for USA
  • ISBN 978-1-349-47627-5
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.

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Bibliographic Information

Bibliographic Information
Book Title
Multiple Interest Rate Analysis
Book Subtitle
Theory and Applications
Authors
Copyright
2014
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-37277-2
DOI
10.1057/9781137372772
Hardcover ISBN
978-1-137-37276-5
Softcover ISBN
978-1-349-47627-5
Edition Number
1
Number of Pages
XII, 136
Topics