Title: Excellent Book and Worth Buying
Product review: This book is excellent for both academics and practitioners. Because of its low level of mathematics, it can be used at both the undergraduate and graduate levels. The exposition is clear and concise but not formal. The book covers a lot of ground and is written by an expert in the field. Almost each section has plenty of good real world examples. It can be used as an introductory reference to advanced topics such as interest rate option modelling and the Brace-Gatarek-Musiela Approach.However, the book needs a new edition to include the latest topics in the modelling of interest rates. A visual basic computer disc for practice could improve the book considerably.At less than $50 the price of the book makes it a bargain.
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