Asset Pricing - Couverture rigide

Cochrane, John H

Couverture rigide

ISBN 10 : 0691121370 ISBN 13 : 9780691121376

Editeur : Princeton University Press, 2005

Synopsis

Asset Pricing This revised edition unifies and brings the science of asset pricing up to date for advanced students and professionals. Full description

A propos du livre

Présentation de l'éditeur :

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Arbitrage pricing theory (APT), in finance, is a general theory of asset pricing, that has become influential in the pricing of stocks. APT holds that the expected return of a financial asset can be modeled as a linear function of various macro- economic factors or theoretical market indices, where sensitivity to changes in each factor is represented by a factor-specific beta coefficient. The model-derived rate of return will then be used to price the asset correctly - the asset price should equal the expected end of period price discounted at the rate implied by model. If the price diverges, arbitrage should bring it back into line.

À propos de cette édition

• Éditeur: Princeton University Press
• Date d'édition: 2005
• ISBN 10: 0691121370
• ISBN 13: 9780691121376
• Reliure: Relié
• Nombre de pages: 560