Securities Valuation Applications of Financial Modeling

Auteur: Thomas S. Y. Ho
Taal: Engels
Securities Valuation
  • Engels
  • Hardcover
  • 9780195172744
  • Druk: illustrated edition
  • maart 2005
  • 336 pagina's
Alle productspecificaties


Securities Valuation: Applications of Financial Modeling is a clear, concise guide to securities valuation and the principles of financial theory. It describes state-of-the-art methods for valuing a broad range of securities: equity, equity and interest rate options, swaps and swaptions, treasuries, corporate bonds with and without credit risks, mortgage-backed securities, collateralized mortgage obligations, credit derivative swaps, and more.

Thomas Ho and Sang Bin Lee use their combined fifty years of experience in academia, financial business, and public services to present students and general readers with twenty-six challenging cases. These cases describe the contexts in which financial models are used, the practical complications of these models, and ways to deal with their limitations.

Each chapter begins with a problem in valuation, formulates models for it, and then provides the solutions. The assumptions, input data, and output solutions for each model are clearly stated. The model is illustrated by a numerical example rendered in Excel. A companion more than 130 Excel files of all the financial models from this book and its three companion volumes. Users can download the models, analyze them on their spreadsheets, and use them to do practice exercises

Securities Valuation: Applications of Financial Modeling is ideal for undergraduate and graduate courses in finance and mathematical finance as well as for professional training programs. It is part of a series on financial modeling by the authors that also includes The Oxford Guide to Financial Modeling. Future titles in the series will focus on financial modeling for options, futures, and derivatives and financial modeling for financial institutions.


The Oxford Guide to Financial Modeling, and its companion volume, Securities Valuation, are invaluable tools for understanding and developing financial models to solve real business problems. They blend cutting-edge financial theory with practical examples that are immediately useful. This approach enables the student and practitioner to develop the thinking processes needed to formulate and solve a broad range of contemporary financial problems. The Guide has been exceedingly useful in my own work. --Dr. Robert Carow, Director of Corporate Compensation, AIG This book showcases Dr. Ho's tireless journey into the frontier of finance over the years. It clearly demonstrates how various rigorous financial models can be practically incorporated into companies' strategic decision making and enterprise risk management. The book challenges our conventional thinking in capital structure theory, interest rate behavior and default risk pricing. It should provoke debate for many years to come. --Tony Kao, Managing Director of Global Fixed Income, General Motors Asset Management Securities Valuation provides a hands-on, yet highly analytic, approach to the valuation of securities, ranging from equities to options to fixed income securities. Ho and Lee have written a superb textbook that combines academic rigor and real-world applicability. The book is well-suited for derivatives and fixed income courses. --Hans R. Stoll, The Anne Marie and Thomas B. Walker Professor of Finance, Owen Graduate School of Management, Vanderbilt University



illustrated edition
Aantal pagina's
336 pagina's
Met illustraties


Originele Titel
Securities Valuation: Applications of Financial Modeling



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Applications of Financial Modeling
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