Asset Pricing in Discrete Time: A Complete Markets Approach (Oxford Finance Series),Used

Asset Pricing in Discrete Time: A Complete Markets Approach (Oxford Finance Series),Used

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SKU: SONG0199271445
Brand: OXFORD UNIVERSITY PRESS
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This book covers the pricing of assets, derivatives, and bonds in a discrete time, complete markets framework. It relies heavily on the existence, in a complete market, of a pricing kernel. It is primarily aimed at advanced Masters and PhD students in finance. Topics covered include CAPM, nonmarketable background risks, European style contingent claims as in BlackScholes and in cases where risk neutral valuation relationship does not exist, multiperiod asset pricing under rational expectations, forward and futures contracts on assets and derivatives, and bond pricing under stochastic interest rates. All the proofs, including a discrete time proof of the Libor market model, are shown explicitly.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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