Introduction

Calculation summaries
The procedures for all the necessary calculations have been summarized in
the text to ensure the readers understanding. These have also been collected
together into a reference section in Appendix 3.

Glossary
The market terminology is explained throughout the text, with a glossary for
reference in Appendix 4.

Market interest conventions

A constant source of confusion is the range of different conventions used for
interest and coupon calculations in different markets. These are also summarized in Appendix 2 for various countries markets.

Examples
Many examples to help the readers understanding have been included
throughout the text.

Exercises
Fully worked answers are provided at the end of the book in Chapter 11 for
each chapters exercises and for the further exercises in Chapter 10. The
exercises form an important part of the book as they provide further examples of the calculations covered in the text. Readers who do not wish to
attempt them as exercises should therefore read them as worked examples.
For the reader who is struggling with a particular question but who wishes to
persevere, there is a section of hints, which will lead him/her through the procedure to be followed for each question.

Calculator keystrokes
Many of the examples and answers include the full keystroke procedures necessary using a Hewlett Packard calculator. The use of an HP calculator is
described in detail in Appendix 1.

A final word
However hard one tries, there are always mistakes. I apologize for these
and welcome comments or suggestions from readers particularly on
other areas which might usefully be included in the book without making
it too boffin orientated. As always, I am hugely indebted to my wife for
her support throughout.

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