This book uses the concept of arbitrage to value securities, that is to construct the elements of financial economics. The book is divided into three parts. Part 1 develops the foundations for the study - it introduces the concepts of securities and arbitrage and establishes the basic arbitrage theorem, that security prices may be expressed as expected discounted values. Part II applies the basic theorem in a single-period setting - it develops a version of the capital asset pricing model under exact arbitrage and the ...
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This book uses the concept of arbitrage to value securities, that is to construct the elements of financial economics. The book is divided into three parts. Part 1 develops the foundations for the study - it introduces the concepts of securities and arbitrage and establishes the basic arbitrage theorem, that security prices may be expressed as expected discounted values. Part II applies the basic theorem in a single-period setting - it develops a version of the capital asset pricing model under exact arbitrage and the arbitrage pricing technique under approximate arbitrage. Part III extends the discussion to a many-period setting. It uses static arbitrage to value futures and related securities, dynamic arbitrage to value options and other derivatives, and, as a coda, risk arbitrage to investigate market efficiency.
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Add this copy of Arbitrage; Elements of Financial Economics to cart. $20.22, very good condition, Sold by Roger Lucas rated 4.0 out of 5 stars, ships from Horncastle, Lincs, UNITED KINGDOM, published 1991 by Macmillan.
Add this copy of Arbitrage: Elements of Financial Economics to cart. $25.77, good condition, Sold by Anybook rated 4.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1991 by Macmillan.
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This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 300grams, ISBN: 9780333557815.
Add this copy of Arbitrage: Elements of Financial Economics to cart. $56.35, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 1991 by Palgrave Macmillan.
Add this copy of Arbitrage: Elements of Financial Economics to cart. $58.49, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 1991 by Palgrave Macmillan.
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Fine. IX, 171 p. Intended for college/higher education audience. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Arbitrage: Elements of Financial Economics to cart. $80.02, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 1991 by Palgrave Macmillan.
Add this copy of Arbitrage: Elements of Financial Economics to cart. $110.89, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 1991 by Palgrave Macmillan.
