Alternative Investments: A Primer for Investment Professionals provides an overview of
alternative investments for institutional asset allocators and other overseers of portfolios …

In an efficient NFL beting market, point spreads incorporate all relevant information contained
in past game outcomes. Efficiency implies that trading rules based on past game outcomes …

Most research on competitive balance (CB) in North American sport leagues examines
regular-season outcomes only, and does not analyze the potential impacts of postseason playoff …

Macaulay's duration, defined as the weighted average time to maturity of a bond's cash flows,
has played a central role in bond immunization. 1 Closedform solutions for duration …

Closed-form formulas for Macaulay duration, as given by Babcock and Chua, provide the
user with a less cumbersome and more efficient procedure for calculating duration. 1 Recent …

This note derives convexity measures for regular bonds as well as for bonds with special cash
flow streams. The closed-form formulas include accrued interest and are therefore valid at …

This study examines the liability insurance crisis by analyzing market equity values over the
time period 1982-1985. The results are related to claims of consumers concerning causes of …

We examine the source of the Value Line enigma by following the universe of stocks
tracked by Value Line (exchange listed and OTC) from 1977 to 1987. We find Value Line's …

Higher-order duration measures have been shown to permit near perfect immunization. This
paper presents formulae for these measures which are valid not only at coupon payment …

Background In order to provide an organized return analysis of business ethics, it can be
useful to distinguish among three categories: capital market effects, product market effects …