Multiple Interest Rate Analysis

Theory and Applications

Authors: Osborne, M.

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  • ISBN 978-1-137-37277-2
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Hardcover $75.00
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  • ISBN 978-1-137-37276-5
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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.

A model demonstrating some of the ideas in the book is available in the Wolfram Demonstrations Project: demonstrations.wolfram.com/AModelIllustratingMultipleInterestRateAnalysisMIRA/. A free 'computable document' containing the model is available for download from the same site.

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, no DRM
  • Included format: PDF
  • 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.

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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
Edition Number
1
Number of Pages
120
Topics