Multiple Interest Rate Analysis: Theory and Applications

1. Multiple-Interest-Rate Analysis: What It Is and Why It Is Important
Michael Osborne

2. Motivation
Michael Osborne

3. Four Key Results of Multiple-Interest-Rate Analysis
Michael Osborne

4. Is APR a Robust Measure of the Cost of Consumer Credit?
Michael Osborne

5. Multiple-Interest-Rate Analysis Demonstrates Why the IRR Pitfalls Are Irrelevant and Provides a Better Reason to Prefer NPV as an Investment Criterion
Michael Osborne

6. An Accurate Formula Is Derived for the Impact of a Shift in Yield on the Price of a Bond
Michael Osborne

7. Multiple-Interest-Rate Analysis Sheds Light on the Reswitching Phenomenon
Michael Osborne

8. A Summing Up
Michael Osborne

9. Appendix 1: A Compendium of Observations on Multiple-Interest-Rate Analysis
Michael Osborne

10. Appendix 2: Why Now?
Michael Osborne

11. Appendix 3: On the Calculation of Polynomial Roots
Michael Osborne

Avainsanat: Finance, Financial Engineering, Corporate Finance, Risk Management, Financial Accounting, International Economics, Accounting/Auditing