FINANCIAL MODELING - SIMON BENNINGA. Resumen del libro y comentarios - casadellibro.com
financial modeling-simon benninga-9780262024822

FINANCIAL MODELING (En papel)

SIMON BENNINGA, MIT PRESS, 2002
ISBN 9780262024822

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Preface
Preface to the First Edition
I Corporate Finance Models 1
1 Basic Financial Calculations 3
2 Calculating the Cost of Capitol 27
App. 1 A Rule of Thumb for Calculating Debt Betas 49
App. 2 Why Is [beta] Such a Good Measure of Risk? Portfolio [beta] versus Individual Stock [beta] 51
App. 3 Getting Data from the Internet 52
3 Financial Statement Modeling 57
App. 1 Calculating the Free Cash Flows When There Are Negative Profits 83
App. 2 Accelerated Depreciation in Pro Forma Models 84
4 Using Financial Statement Models for Valuation 89
5 The Financial Analysis of Leasing 101
App The Tax and Accounting Treatment of Leases 111
6 The Financial Analysis of Leveraged Leases 115
II Portfolio Models 129
7 Portfolio Models - Introduction 131
App. 1 Adjusting for Dividends 146
App. 2 Continuously Compounded versus Geometric Returns 148
8 Calculating the Variance-Covariance Matrix 151
9 Calculating Efficient Portfolios When There Are No Short-Sale Restrictions 161
Appendix 179
10 Estimating Betas and the Security Market Line 185
11 Efficient Portfolios without Short Sales 199
12 Value at Risk (VaR) 209
App How to Bootstrap: Making a Bingo Card in Excel 219
III Option-Pricing Models 229
13 An Introduction to Options 231
14 The Binomial Option-Pricing Model 253
15 The Lognormal Distribution 277
16 The Black-Scholes Model 297
17 Portfolio Insurance 311
18 Real Options 329
19 Early Exercise Boundaries 343
App Proof 358
IV Bonds and Duration 361
20 Duration 363
21 Immu

Datos del libro

  • 17.0x22.0cm.
  • Nº de páginas: 640 págs.
  • Editorial: MIT PRESS
  • Lengua: INGLÉS
  • Encuadernación: Tapa dura
  • ISBN: 9780262024822
  • Año edicón: 2002
  • Plaza de edición: EE.UU.
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Sinopsis

Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel®. In this sense, this is a finance "cookbook," providing recipes with lists of ingredients and instructions. Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modeling. A new technical chapter contains a potpourri of tips for using Excel®. Although the reader should know enough about Excel™ to set up a simple spreadsheet, the author explains advanced Excel® techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming. It also comes with a CD-ROM containing Excel® worksheets and solutions to end-of-chapter exercises.

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