Financial Securities: Market Equilibrium and Pricing Methods / Edition 1

by Blaise Allaz Bernard Dumas

Overview

Of particular appeal to researchers at major brokerages, this book provides the basic theoretical foundations necessary to understand how stocks, options, and bonds are valued on financial markets. Without excessive recourse to mathematics, the author covers the crucial concepts of market equilibrium and arbitrage with sufficient analytical rigor. This text is designed for advanced finance or economics courses and for courses in MBA programs with a technical orientation, as well as introductory seminars at the Ph.D. level.

Product Details

ISBN-13:	9780538847773
Publisher:	Springer US
Publication date:	01/01/1996
Series:	Current Issues in Finance
Edition description:	Softcover reprint of the original 1st ed. 1996
Pages:	378
Product dimensions:	6.10(w) x 9.25(h) x 0.04(d)

Table of Contents

1. Introduction. 2. Basic Notions and Reminders. 3. The Attitude of a Rational Individual Towards Risk. 4. Portfolio Choices. 5. The Capital Asset Pricing Model: Statement and Use. 6. Critique and Evaluation of the CAPM. 7. Option Valuation by the Arbitrage Method. 8. Option Valuation in Continuous Time. 9. Valuation of the Liabilities and the Assets of a Corporation: Financial Engineering. 10. The Term Structure of Interest Rates. 11. The Movement of Interest Rates and the Price of Bonds.