Chapter

Bonds and Interest Rates

Tomas Björk

in Arbitrage Theory in Continuous Time

Second edition

Published in print March 2004 | ISBN: 9780199271269
Published online October 2005 | e-ISBN: 9780191602849 | DOI: http://dx.doi.org/10.1093/0199271267.003.0020

Series: Oxford Finance Series

Bonds and Interest Rates

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This chapter examines the specific problems associated with the application of arbitrage theory to the bond market. It focuses on zero coupon bonds, also known as pure discount bonds, of various maturities. Practice exercises are included.

Keywords: zero coupon bonds; discount bonds; bond market; interest rates; arbitrage theory

Chapter.  6266 words. 

Subjects: Financial Markets

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