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Preface.<br /> <br /> About the Authors.<br /> <br /> Chapter 1. Introduction.<br /> <br /> Chapter 2. Cash Flow CDOs.<br /> <br /> Chapter 3. High-Yield Default Rates and Their Application to CDO Analysis.<br /> <br /> Chapter 4. Review of Structured Finance Collateral.<br /> <br /> Chapter 5. Structured Finance Cash Flow CDOs.<br /> <br /> Chapter 6. Emerging Market CDOs.<br /> <br /> Chapter 7. Market Value CDOs.<br /> <br /> Chapter 8. Synthetic Balance Sheet CDOs.<br /> <br /> Chapter 9. Synthetic Arbitrage CDOs.<br /> <br /> Chapter 10. Considerations in Creating CDOs and Their Investment Implications.<br /> <br /> Chapter 11. Participating Coupon Notes.<br /> <br /> Chapter 12. Relative Value Methodology for Analyzing Mezzanine Tranches.<br /> <br /> Chapter 13. Analyzing CDO Equity Tranches.<br /> <br /> Chapter 14. Payament-in-Kind CDO Tranches.<br /> <br /> Chapter 15. Secondary Market Trading Opportunities and Managing a Portfolio of CDOs.<br /> <br /> Index.

LAURIE S. GOODMAN, PhD, is a Managing Director at UBS Warburg and Head of the U.S. Securitized Products Strategy Group. She is responsible for research on the full range of securitized products-RMBS, ABS, CMBS, and CDOs. Dr. Goodman has worked on Wall Street for twenty years and is very well regarded by the investor community, having won more #1 slots on the Institutional Investor All-American Fixed-Income Research Team than any other analyst. She earned a doctorate in economics from Stanford University in 1978.<br /> <br /> FRANK J. FABOZZI, PhD, CFA, is Editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Dr. Fabozzi is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He is also an Advisory Analyst for Global Asset Management (GAM) with responsibilities as Consulting Director for portfolio construction, risk control, and evaluation. He earned a doctorate in economics from the City University of New York in 1972 and, in 1994, received an honorary doctorate of humane letters from Nova Southeastern University. Dr. Fabozzi is a Fellow of the International Center for Finance at Yale University.

The collateralized debt obligation market has seen explosive growth in the last few years. To help you keep up with the expanding CDO market and its various instruments, Laurie Goodman and Frank Fabozzi have collaborated to bring you Collateralized Debt Obligations: Structures and Analysis. Written in a clear and accessible style, this book is a valuable guide that provides you with critical insights into many areas of this important market sector.<br /> <br /> This straightforward and well-rounded resource offers a wealth of practical information on the collateralized debt obligation market and its products.<br /> <br /> Topics covered include:<br /> * Cash flow versus market value structures<br /> * Synthetic structures<br /> * Structures backed by speculative and investment grade corporate bonds and loans, emerging market bonds, and structured finance products<br /> * The appropriate default rate for high yield-backed structures<br /> * Mezzanine and equity tranches<br /> * PIK tranches<br /> * Structural considerations and the CDO arbitrage<br /> <br /> Filled with in-depth insight and expert advice, Collateralized Debt Obligation is required reading for those who seek to understand this market.

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