Multiple Interest Rate Analysis

This book is an analysis of all possible interest rates. Dual expressions are used to solve long-standing puzzles, eliminate anomalies and draw conclusions about best practice and sound policy advice in areas of economics and finance. Topics include retail and corporate finance, capital budgeting and investment appraisal, bond risk management.An on-line model demonstratingideas from the book is available in the Wolfram Demonstrations Project (WDP) bysearching "multiple interest rate analysis" in the WDP search engine.A 'computable document' containing the model and the model's code are alsoavailable as free downloads from the site.

'I liked everything about it (except for the title, which gave me no clue about what was inside). If anyone had asked me, I would have guessed that there was nothing very new to be said about present-value equations, but you have certainly showed that conjecture to be wrong. The product of the roots of the present-value polynomial contains interesting and useful information, as the book demonstrates'. - Robert M. Solow, Nobel laureate in Economics (1987), Institute Professor, Emeritus, and Professor of Economics, Emeritus, Massachusetts Institute of Technology 'When facing complex problems that arise in the real world, one should always remember that real answers to real questions may require imagination. This book gets to the real root of such problems and more'. - Peter Carr, PhD, Global Head of Market Modeling, Morgan Stanley and Exec. Director of NYU Courant Math Finance Program

Mike Osborne is a Lecturer inFinance at the University of Sussex, UK. Dr Osborne’s career has spanned bothacademia and industry with previous positions including: Director of theMasterCard Academy, delivering payments education to banking clients in Europe;Vice President at Gulf International Bank, managing HR projects and policy;Director of Education at ACI - the Financial Markets Association - managingACI’s global education and examination program for financial marketprofessionals; Head of Banking Studies at the Bahrain Institute of Banking& Finance; and Economic Advisor in HM Treasury. Dr Osborne has a BA inEconomics from Newcastle University, a Postgraduate Certificate in Educationfrom the University of Oxford, an MA in the Economics of Money and Finance fromthe University of Sheffield, an MPhil in International Monetary Economics fromthe University of Liverpool, and a PhD in Financial Economics from MiddlesexUniversity.