(Ebook) Introduction to Option-Adjusted Spread Analysis: Revised and Expanded Third Edition of the OAS Classic by Tom Windas by Miller, Tom ISBN 9780470883136, 9780470885154, 9781576602416, 0470883138, 0470885157, 1576602419

(Ebook) Introduction to Option-Adjusted Spread Analysis: Revised and Expanded Third Edition of the OAS Classic by Tom Windas by Miller, Tom ISBN 9780470883136, 9780470885154, 9781576602416, 0470883138, 0470885157, 1576602419

Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options. This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include: Why yield-based analysis breaks down for nonbullet bonds; How to model put and call provisions as embedded options; How to distinguish the intrinsic and time components of option value; How.� Abstract: Top traders, investors, and analysts agree that one method, option-adjusted spread (OAS) analysis, is the most useful way to compare and value securities with options. Nearly every day the bond market figures out a new way to structure securities, most of which involve options. This book explains OAS analysis in plain English, presenting each step in the method clearly and concisely. Topics covered include: Why yield-based analysis breaks down for nonbullet bonds; How to model put and call provisions as embedded options; How to distinguish the intrinsic and time components of option value; How