user
0
Su pedido

Tu pedido

Su carro de la compra está vacío

Materias

Asset Pricing.

Asset Pricing.

Compartir en:

(0 Comentarios)
Comenta y valora este libro

pvp.65,95 €

Disponible entre 11 y 20 dias

  • ISBN:9780691121376
  • Editorial: Princeton University Press
  • Fecha de la edición:
  • Encuadernación:
  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:533
  • Idiomas:Ingles

Materias:

Every day, the financial markets bravely price trillions of dollars in such risky securities as stocks, bonds, options, futures, and derivatives. The systematic determination of their values--asset pricing--has developed dramatically in the last few years due to advances in financial theory and econometrics. In one of the most highly anticipated books in financial economics, John Cochrane unifies and brings this science up to date for the benefit of advanced students and professionals.

Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macroeconomic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption-based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discount factor.

Otros libros de Cochrane, John

Otros libros de Sistema Financiero

Otros libros de Bolsa