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Call to Order 1-800-282-2839 1-860-379-5470 Theory of Interest, 3rd Edition Author: Stephen G. Kellison Click this link to go to the Solutions Manual for Theory of Interest. The third edition of The Theory of Interest is significantly revised and expanded from previous editions. The text covers the basic mathematical theory of interest as traditionally developed. The book is a thorough treatment of the mathematical theory and practical applications of compound interest, or mathematics of finance. The pedagogical approach of the second edition has been retained in the third edition. The textbook narrative emphasizes both the importance of conceptual understanding and the ability to apply the techniques to practical problems. The third edition has considerable updates that make this book relevant to students in this course area. Expanded coverage of capital budgeting takes place in Chapter 7 with the introduction of several new techniques that correspond with this topic. Discussion of short sales has also been expanded and repositioned into Chapter 7. New topics added: Leasing as an alternative to traditional loan financing, with particular emphasis on automobile leasing has been added to Chapter 8. Two new chapters: Chapters 10 and 11 are two new chapters that are included in the third edition. Chapter 10 covers the term structure of interest rates with expanded consideration of spot rates, forward rates, relationship with bond yields, and a section with detailed discussion of arbitrage. Chapter 11 covers important techniques in the management of assets and liabilities, such as duration, convexity, and immunization. Computational approaches in the third edition have been modernized to reflect the widespread availability of calculators with exponential logarithmic capability, including those with built-in financial functions. The importance of the mastery of basic concepts techniques are stressed throughout the text which enable students to gain knowledge about the importance of calculators. End of chapter exercises have expanded to 545. Each exercise is intended to illustrate a somewhat different point to keep the number of repetitious exercises to a minimum. New chapter appendices contain such items as the more complex derivations, extended results of interest but not fundamental and additional formulas and techniques. Table Of Contents:  Chapter 1: The Measurement of Interest Chapter 2: Solution of Problems in Interest Chapter 3: Basic Annuities Chapter 4: More General Annuities Chapter 5: Amortization Schedules and Sinking Funds Chapter 6: Bond and Other Securities Chapter 7: Yield Rates Chapter 8: Practical applications Chapter 9: More advanced financial analysis Chapter 10: The term structure of interest rates Chapter 11: Duration, convexity and immunization Chapter 12: Stochastic approaches to interest Chapter 13: Options and other derivatives APPENDIXES Appendix A: Table numbering the days of the year Appendix B: Illustrative mortgage loan amortization schedule Appendix C: Basic mathematical review Appendix D: Statistical background Appendix E: Iteration methods Answers to the exercises Glossary of notation Index Derivatives Markets and Solutions Manual, 2nd Edition, 2006 Price: $195.00 Derivatives Markets Solution Manual Second Edition Price: $50.00 Derivatives Markets, 2nd Edition Price: $189.00 Financial Mathematics, A Practical Guide for Actuaries and other Business Professionals, 2nd Edition Price: $96.00 Mathematics of Investment and Credit Solutions Manual, 4th Edition, 2008 Price: $30.00 Mathematical Interest Theory, 2nd Edition, 2009 Price: $98.00 Mathematical Interest Theory Student Solutions Manual, 2nd Edition Price: $39.00