{"product_id":"finance-for-professionals-9783031878893","title":"Finance for Professionals","description":"\u003cp\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.  This 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\/p\u003e","brand":"Gardners","offers":[{"title":"Default Title","offer_id":53579390779671,"sku":null,"price":9337.83,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0679\/6918\/8119\/files\/9783031878893.jpg?v=1782476923","url":"https:\/\/payment.letskitaboo.com\/products\/finance-for-professionals-9783031878893","provider":"Kitaboo One eStore","version":"1.0","type":"link"}