 Copyright 20112017. All Rights Reserved.
Twitter Updates
Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Recent Posts
 My Letter to the Wall Street Journal
 Quarter the Cross: An Elegant Construction
 Quarter the Cross
 My FT Alphaville Commentary on Managing U.S. Treasury Debt
 NAMA in NOLA
 Taming Premium Bonds
 Fifth Annual Municipal Finance Conference
 Generating Sitemap Links with Excel
 Spaghetti Puzzle #1
 A Mathematician’s New Year’s Resolutions
Top Posts & Pages
 Fast Formulas #1: Average Life of Mortgage (as Scheduled)
 Fast Formulas #2: Average Life of Mortgage (Amortizing with Balloon)
 Fast Formulas #3: Pool Average Life with CPR Prepayments
 Puzzle #2: Weighted Average LTV
 Financial Math Puzzles
 Fast Formulas
 My FT Alphaville Commentary on Managing U.S. Treasury Debt
 Fast Formulas #3 (Followup): The Derivation
 Good Fences Make Good Spreadsheets, Part 1
 Presentations
Recent Comments
Rod on Puzzle #2: Weighted Average… My Letter to the Wal… on The National Debt is Closer th… Bob Rosinsky on Quarter the Cross Win Smith on Fast Formulas #1: Average Life… Win Smith on Quarter the Cross Bob Rosinsky on Quarter the Cross Mohammed Mustafa on Fast Formulas #1: Average Life… Win Smith on Fast Formulas #2: Average Life… Tianhang on Fast Formulas #2: Average Life… Win Smith on NAMA in NOLA Categories
Archives
Tag Cloud
Average Life Formula Benjamin T. Solomon Big Data Bond Math Bond Math Puzzle Bond Puzzle Brandeis University Brookings Institution Calculus Calendar Puzzle Callable Premium Bonds Carmen Reinhart Christmas Trees Closed Formula Conferences Cool Graphs Derivative Excel Tables Fast Formulas Federal Reserve Finance Math Puzzle Financial Math Floating Rate Debt FRNs GARP Geometric Series Gravitation Halton Sequence Humor Innovations Interest Rate Risk Japan Johann Sebastian Bach Ken Rogoff Loan Average Life Marc Faber Math MATLAB Matt Henderson MortgageBacked Securities Municipal Bonds Municipal Finance Conference Optimization Physics Pi Day Precious Metals Prime Numbers Public Debt Pure Math Puzzle Puzzle #1 Puzzle #2 Puzzle #3 QuasiGeometric Series Quasirandom Quotes QWAFAFEW Representing Numbers Seeking Alpha Space Travel Spreadsheet Tips Talks TED Talks The Bond Buyer Thomas Herndon Treasury Debt Treasury Floaters Tsunami U.S. Treasury U.S. Treasury Debt UC Denver volunteerAKITA Weighted Average Life Weighted Average LTV Weighted Average MaturityBlogroll
Consultants
Father/Daughter Math Adventures
LinkedIn
My Company
Recommended Music
Tumblr
Meta
Tag Archives: Callable Premium Bonds
Taming Premium Bonds
The Bond Buyer published my commentary Taming Premium Bonds earlier today. Although callable premium bonds are very popular in the municipal market, I argue that they hurt issuers and the market. Market rules dictate that the proceeds to the issuer compensate only for high … Continue reading
Puzzle #4: Bond Pricing
Here’s another puzzle I’ve used to teach bond math. It’s not hard, but it requires some understanding of bond concepts that I will explain as we go (I beg the patience of bond mavens). Suppose you are the financial advisor … Continue reading
Posted in Bonds, Fun, Math, Puzzles
Tagged Bond Math Puzzle, Callable Premium Bonds, Finance Math Puzzle, Financial Math, Math, Price to Call, Price to Maturity, Puzzle, Puzzle #4, Yield to Maturity
12 Comments