V. 9:14 (575-576): THE RANDOM CHARACTER OF INTEREST RATES
Product Description
THE RANDOM CHARACTER OF INTEREST
RATES
Probus Publishing Co.
118 N. Clinton St., Suite 305
Chicago, IL 60606
(800) 426-1520,
(312) 346-7985
Author: Joseph E. Murphy Jr.
Price: $37.50
323 pages, 1990
by Mark Harris
Interest rates are at the heart of many of our theories about how tradeables should be priced. This is obvious in the case of bonds, but they also enter into the carry charges on futures, are an element in the Black-Scholes formulation of options pricing and, presumably, tell us something about inflation and deflation expectations.
At the beginning of this fascinating book, author Joseph Murphy presents the common wisdom regarding interest rates:
· Interest rates are predictable
· Rates are periodic
Probus Publishing Co.
118 N. Clinton St., Suite 305
Chicago, IL 60606
(800) 426-1520,
(312) 346-7985
Author: Joseph E. Murphy Jr.
Price: $37.50
323 pages, 1990
by Mark Harris
Interest rates are at the heart of many of our theories about how tradeables should be priced. This is obvious in the case of bonds, but they also enter into the carry charges on futures, are an element in the Black-Scholes formulation of options pricing and, presumably, tell us something about inflation and deflation expectations.
At the beginning of this fascinating book, author Joseph Murphy presents the common wisdom regarding interest rates:
· Interest rates are predictable
· Rates are periodic
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