Fixed Income Securities: Valuation, Risk, and Risk Management

ACKNOWLEDGMENTS

First of all, I want to thank my students at the University of Chicago Booth School of Business, whose enthusiasm for fixed income securities convinced me to write this book. Their feedback on earlier versions of the manuscript was invaluable. I also thank John Heaton (The University of Chicago Booth School of Business), Jakub Jurek (Princeton University), Nick Roussanov (The Wharton School, University of Pennsylvania), and Richard Stanton (The Haas School of Business, University of California at Berkeley) for being so brave to adopt an early draft of this book in their MBA or Master courses, so that I could collect very valuable feedback from them and their students. I also would like to thank Monika Piazzesi (Stanford University) and Jefferson Duarte (Rice University) for their early feedback, as well as Senay Agca (George Washington University), David T. Brown (University of Florida), Robert Jennings (University of Indiana), Robert Kieschnick (University of Texas at Dallas), David P. Simon (Bentley College), Donald J. Smith (Boston University), Michael Stutzer (University of Colorado), Manuel Tarrazo (University of San Francisco), and Russ Wermers (University of Maryland) for their comments. Francisco Javier Madrid and Nina Boyarchenko provided precious help with some exercises and case studies, and I thank them for this. I also thank Chetan Dandavate and Camilo Echeverri for pointing out some important typos in the manuscript. I am also indebted to the development ...