Chapter24SwapContracts,ConvertibleSecurities(投资与投资组合管理)详解.ppt

Lecture Presentation Software to accompanyInvestment Analysis and Portfolio ManagementSeventh Editionby Frank K. Reilly Keith C. Brown Chapter 24 - Swap Contracts, Convertible Securities, and Other Embedded Derivatives Questions to be answered: What are forward rate agreements and how can they be used to reduce the interest rate exposure of a borrower or investor? What are interest rate swaps and how can they transform the cash flows of a fixed or floating rate security? How does the swap market operate and how are swap contracts quoted and priced? Chapter 24 - Swap Contracts, Convertib