- ホーム
- > 洋書
- > 英文書
- > Business / Economics
Full Description
For courses in corporate finance or financial management at the undergraduate and graduate level.
Excel Modeling in Investments, Fifth Edition approaches building and estimating models with Microsoft® Excel®. Students are shown the steps involved in building models, rather than already-completed spreadsheets.
Contents
Preface vii Fifth Edition Changes vii
Ready-To-Build Spreadsheets vii
What Is Unique About This Book xi
Conventions Used In This Book xii
Craig's Challenge xiv
Excel® Modeling Books xiv
Suggestions for Faculty Members xiv
Acknowledgements xv
About The Author xvi
PART 1 BONDS / FIXED INCOME SECURITIES 1
Chapter 1 Bond Pricing 1
1.1 Annual Payments 1
1.2 EAR, APR, and Foreign Currencies 2
1.3 Duration and Convexity 7
1.4 Price Sensitivity 9
1.5 Immunization 11
1.6 System of Five Bond Variables 17
Problems 18
Chapter 2 The Yield Curve 21
2.1 Obtaining It From Treasury Bills and Strips 21
2.2 Using It To Price A Coupon Bond 22
2.3 Using It To Determine Forward Rates 23
Problems 24
Chapter 3 Affine Yield Curve Models 25
3.1 US Yield Curve Dynamics 25
3.2 The Vasicek Model 30
3.3 The Cox-Ingersoll-Ross Model 32
Problems 34
PART 2 PORTFOLIO MANAGEMENT 35
Chapter 4 Portfolio Optimization 35
4.1 Two Risky Assets and a Riskfree Asset 35
4.2 Descriptive Statistics 38
4.3 Many Risky Assets and a Riskfree Asset 42
4.4 Any Number of Risky Assets 52
Problems 57
Chapter 5 Constrained Portfolio Optimization 58
5.1 No Short Sales, No Borrowing, and Other Constraints 58
5.2 Any Number of Risky Assets 68
Problems 77
Chapter 6 Portfolio Performance 78
6.1 Evaluation Measures 78
Problems 80
Chapter 7 Portfolio Diversification Lowers Risk 81
7.1 Basics 81
7.2 International 82
Problems 84
PART 3 SECURITY ANALYSIS 85
Chapter 8 Stock Valuation 85
8.1 Dividend Discount Mode
