Investment science
Author(s)
Bibliographic Information
Investment science
Oxford University Press, 2009
International ed.
- : pbk
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Note
Includes bibliographical references and index
"Not or Sale in the U.S.A. or Canada. Content has been changed for the Middle East, Asia, and other markets. Adaptation with the author's approval."--T.p.
Description and Table of Contents
Description
Representing a true breakthrough in the organization of finance topics, Investment Science will be an indispensable tool in teaching modern investment theory. It presents sound fundamentals and shows how real problems can be solved with modern, yet simple, methods. David Luenberger gives thorough yet highly accessible mathematical coverage of the standard and recent topics of introductory investments: fixed-income securities, modern portfolio theory and
capital asset pricing theory, derivatives (futures, options, and swaps), and innovations in optimal portfolio growth and valuation of multiperiod risky investments. Throughout the book, he uses mathematics to present essential ideas of investments and their applications in business practice. The creative use of
binomial lattices to formulate and solve a wide variety of important finance problems is a special feature of the book.
In moving from fixed-income securities to derivatives, Luenberger increases naturally the level of mathematical sophistication, but never goes beyond algebra, elementary statistics/probability, and calculus. He includes appendices on probability and calculus at the end of the book for student reference. Creative examples and end-of-chapter exercises are also included to provide additional applications of principles given in the text.
Table of Contents
- I. DETERMINISTIC CASH FLOW STREAMS
- II. SINGLE-PERIOD RANDOM CASH FLOWS
- III. DERIVATIVE SECURITIES
- IV. GENERAL CASH FLOW STREAMS
- APPENDIX A: BASIC PROBABILITY THEORY
- APPENDIX B: CALCULUS AND OPTIMIZATION
by "Nielsen BookData"
