{"product_id":"9783031878886","title":"Finance for Professionals: Numerical Methods and Valuation Models for Pricing and Risk Analysis","description":"\u003ch1\u003eFinance for Professionals: Numerical Methods and Valuation Models for Pricing and Risk Analysis\u003c\/h1\u003e \u003ch2\u003eRom, Niels\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt;\"\u003e\u003cspan class=\"xnormaltextrun\"\u003e\u003cspan lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"\u003eCallable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often offer long-term stable investments that are very attractive for pension funds.\u003c\/span\u003e\u003c\/span\u003e\u003cspan class=\"xeop\"\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt;\"\u003e \u003c\/p\u003e\n\u003cp class=\"xparagraph\" style=\"margin: 0cm; margin-bottom: .0001pt; white-space: pre-wrap;\"\u003e\u003cspan style=\"font-variant-ligatures: none!important;\"\u003e\u003cspan class=\"xnormaltextrun\"\u003e\u003cspan lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"\u003eThis book focuses on the pricing and calculation of risk numbers of callable fixed-rate mortgage bonds. Owing to the, from a financial perspective, irrational behaviour of borrowers, the pricing of these instruments usually requires the use of numerical solutions. Traditionally, it has been either a Monte Carlo simulation or a Finite Difference method. This book covers both methods and, in addition, the relatively new Fourier technique. This latter technique also creates a link between the interest rate derivatives market and the market for callable mortgage bonds. Finally, a chapter presenting a model for the valuation of a mortgage credit institute’s loan book is included.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cspan class=\"xeop\"\u003e \u003c\/span\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2025-05-10\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783031878886\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-031-87889-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 206\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":45666094514316,"sku":"9783031878886","price":89.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783031878886.jpg?v=1776096042","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783031878886","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}