This two-volume set is the updated and expanded edition of Peter Cartledge's best-selling manuals A Handbook of Financial Mathematics and Financial Arithmetic: A Practitioner's Guide. Built around practical worked examples, both volumes take a step-by-step approach to understanding the mathematical underpinnings and implications of all types of deals and instruments. Both volumes include practical worked examples for the HP19BII and HP17BII calculators. Detailed yet practical, these books are a must for all who have any dealings with financial instruments. Vol. 1 - Bond and Money Markets examines and explains the mathematics of: money rates, CDs, bills, promissory notes, repos bond pricing, yields and yield curves frequency and convention issues project arithmetic, leasing, IRR, NPV floating rate securities hedging and risk management in fixed income structures duration, modified duration/volatility convexity and cash-flow dispersion.