Understanding Arbitrage: An Intuitive Approach to Financial Analysis - Tapa dura

Billingsley, Randall

 
9780131470200: Understanding Arbitrage: An Intuitive Approach to Financial Analysis
Tapa dura
ISBN 10: 0131470205 ISBN 13: 9780131470200
Editorial: Financial TImes Prentice Hall, 2005

Sinopsis

Arbitrage is central both to corporate risk management and to a wide range of investment strategies. Thousands of financial executives, managers, and sophisticated investors want to understand it, but most books on arbitrage are far too abstract and technical to serve their needs. Billingsley addresses this untapped market with the first accessible and realistic guide to the concepts and modern practice of arbitrage. It relies on intuition, not advanced math: readers will find basic algebra sufficient to understand it and begin using its methods. The author starts with a lucid introduction to the fundamentals of arbitrage, including the Laws of One Price and One Expected Return. Using realistic examples, he shows how to identify assets and portfolios ripe for exploitation: mispriced commodities, securities, misvalued currencies; interest rate differences; and more. You'll learn how to establish relative prices between underlying stock, puts, calls, and 'riskless' securities like Treasury bills -- and how these techniques support derivatives pricing and hedging. Billingsley then illuminates options pricing, the heart of modern risk management and financial engineering. He concludes with an accessible introduction to the Nobel-winning Modigliani-Miller theory, and its use in analyzing capital structure.

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Acerca del autor

Randall S. Billingsley, Ph.D., CFA is a finance professor at Virginia Tech as well as a Chartered Financial Analyst charterholder and holder of the Certified Rate of Return Analyst (CRRA) designation. He consults worldwide, and was

formerly Vice President at the Association for Investment Management and Research (now the CFA Institute). An award-winning teacher at both the undergraduate and graduate levels, he has taught review courses for CFA® charter candidates throughout the U.S. and Europe. His equity valuation case study was assigned in AIMR's Level II of the CFA® Curriculum. Billingsley serves as an expert witness on valuation and investment-related litigation.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
Financial TImes Prentice Hall
Año de publicación
2005
Idioma
Inglés
ISBN 10 
0131470205
ISBN 13 
9780131470200
Encuadernación
Tapa dura
Número de páginas
224
Contacto del fabricante
no disponible
Persona responsable
no disponible

Otras ediciones populares con el mismo título

9780137010028: Understanding Arbitrage: An Intuitive Approach to Financial Analysis

Edición Destacada

ISBN 10:  0137010028 ISBN 13:  9780137010028
Editorial: Financial TImes Prentice Hall, 2009
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