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Updates & Extras

Applying the Concept: Using Debt to Smooth Consumption (107.0K)

An application to show how debt can be used to make people better off. For use at the end of the chapter. It also uses material from Chapter 5 on risk (standard deviation and variance.

Your Financial World: Understanding the Ads in the Newspaper (68.0K)

Reinforces the lesson that prices and yields move in opposite directions. For use with the interest-rate risk discussion on pages 143-145.

The History of Government Bonds (83.0K)

Enrichment material for those who want to more than what is in the chapter introduction on page 119.








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