Bringing a risk management approach to the study of fixed-income securities and interest rate options, this book applies a binomial option-pricing methodology to study the pricing and hedging
of fixed-income securities and interest rate options. After introducing the basic background material, it describes the economic theory underlying the HJM model, applies that theory to specific
applications, examines implementation and estimations issues, and considers extensions and rate models. Jarrow teaches investment management at Cornell University. Annotation c. Book News,
Inc., Portland, OR (booknews.com)
