Magazine article from our research archive:

A simple and student-friendly approach to the mathematics of bond prices.(Author abstract)

In his seminal paper Malkiel (1962) rigorously developed and proved five theorems showing the relationship between changes in yield to maturity and bond price movements. These theorems are important in the eyes of the academicians and practitioners and find a place in virtually all finance textbooks dealing with the pricing of bonds. The proofs of the theorems are based entirely on calculus and seem to be challenging for finance professionals and students. Hence, finance textbooks usually describe these five theorems using figures and numerical examples to illustrate the results instead of providing any logical proof In this paper we prove the Malkiel (1962) theorems using simple algebra ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!