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Take this chance to learn the most methodological advances in bond evaluation that has been existent from the past twenty years. Giving precision and a strong emphasis on the underlying economic fundamentals, this book presents a framework for understanding the basic tools of bond evaluation. Summary of the Book Here is a chance for you to understand the basic tools of bond evaluation which include: duration, convexity and immunization. The general immunization theorem can be considered the most valuable feature in this book which can be used by practitioners to protect investors against any change in the structure of spot interest rates. One can also make note of the detailed presentation of the Heath-Jarrow-Morton model and the discussion of its relationships with classical immunization schemes. Every chapter in this book is followed by a series of questions, problem sets, and projects. The end of the book offers a detailed solution to everything. About Olivier De La Grandville Olivier De La Grandville has been a visiting professor in the Management, Science and Engineering Department at Stanford University. It is a position that he has held since the year 1988. He has also been a Professor of Economics at the University of Geneva from 1978 to 2007. He has authored seven books ranging from microeconomics to macroeconomics and finance. He has had his research work published in international journals such as the American Economic Review and Econometrica.