PT  - JOURNAL ARTICLE
AU  - Sanjay K. Nawalkha
AU  - Jun Zhang
AU  - Donald R. Chambers
TI  - Pricing and Duration of Floaters and Interest Rate Swaps with Embedded Options
AID  - 10.3905/jai.1999.318935
DP  - 1999 Mar 31
TA  - The Journal of Alternative Investments
PG  - 58--70
VI  - 1
IP  - 4
4099  - https://pm-research.com/content/1/4/58.short
4100  - https://pm-research.com/content/1/4/58.full
AB  - During the recent market turmoil, one of the financial instruments most often discussed was that of interest rate swaps, especially those with embedded options. In this article, one approach to understanding these products is suggested and examples given the interest rate sensitivity of a wide range of various interest rate products.