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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 website-www.thomasho.com-contains 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 exercisesSecurities 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.
This book investigates the practical application of financial modeling techniques to determine the valuation of diverse securities within complex market environments. The authors, Thomas S. Y. Ho and Sang Bin Lee, leverage their extensive backgrounds in academia and financial services to bridge the gap between theoretical finance and real-world implementation. By presenting twenty-six distinct case studies, the text provides a structured framework for identifying valuation problems, formulating mathematical models, and navigating the inherent limitations of financial data.
What You Will Find
Experts and educators frequently cite this work as a foundational resource for students and professionals seeking to master the mechanics of financial modeling. Readers often note the practical utility of the accompanying Excel files, which allow for hands-on application of the valuation theories presented in the text.
Page Count:
336
Publication Date:
2005-02-17
Publisher:
Oxford University Press
ISBN-10:
0195172752
ISBN-13:
9780195172751
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