Read Understanding Arbitrage: An Intuitive Approach to Financial Analysis

Understanding Arbitrage: An Intuitive Approach to Financial Analysis

Randall S. Billingsley

4.9/5 (29522 ratings)

Description:Arbitrage is central both to corporate risk management and to a wide range of investment strategies. Thousands of financial executives, managers, and sophisticated investors want to understand it, but most books on arbitrage are far too abstract and technical to serve their needs. Billingsley addresses this untapped market with the first accessible and realistic guide to the concepts and modern practice of arbitrage. It relies on intuition, not advanced math: readers will find basic algebra sufficient to understand it and begin using its methods. The author starts with a lucid introduction to the fundamentals of arbitrage, including the Laws of One Price and One Expected Return. Using realistic examples, he shows how to identify assets and portfolios ripe for exploitation: mispriced commodities, securities, misvalued currencies; interest rate differences; and more. You'll learn how to establish relative prices between underlying stock, puts, calls, and 'riskless' securities like Treasury bills -- and how these techniques support derivatives pricing and hedging. Billingsley then illuminates options pricing, the heart of modern risk management and financial engineering. He concludes with an accessible introduction to the Nobel-winning Modigliani-Miller theory, and its use in analyzing capital structure.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Understanding Arbitrage: An Intuitive Approach to Financial Analysis. To get started finding Understanding Arbitrage: An Intuitive Approach to Financial Analysis, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 218

Format: PDF, EPUB & Kindle Edition

Publisher: FT Press

Release: 2005

ISBN: 0132716003

Description: Arbitrage is central both to corporate risk management and to a wide range of investment strategies. Thousands of financial executives, managers, and sophisticated investors want to understand it, but most books on arbitrage are far too abstract and technical to serve their needs. Billingsley addresses this untapped market with the first accessible and realistic guide to the concepts and modern practice of arbitrage. It relies on intuition, not advanced math: readers will find basic algebra sufficient to understand it and begin using its methods. The author starts with a lucid introduction to the fundamentals of arbitrage, including the Laws of One Price and One Expected Return. Using realistic examples, he shows how to identify assets and portfolios ripe for exploitation: mispriced commodities, securities, misvalued currencies; interest rate differences; and more. You'll learn how to establish relative prices between underlying stock, puts, calls, and 'riskless' securities like Treasury bills -- and how these techniques support derivatives pricing and hedging. Billingsley then illuminates options pricing, the heart of modern risk management and financial engineering. He concludes with an accessible introduction to the Nobel-winning Modigliani-Miller theory, and its use in analyzing capital structure.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Understanding Arbitrage: An Intuitive Approach to Financial Analysis. To get started finding Understanding Arbitrage: An Intuitive Approach to Financial Analysis, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Understanding Arbitrage: An Intuitive Approach to Financial Analysis

Understanding Arbitrage: An Intuitive Approach to Financial Analysis

More Books

Pfin (with Pfin Online, 1 Term (6 Months) Printed Access Card) (Paperback)--by Randall S. Billingsley [2016 Edition] ISBN: 9781305661707

Pfin (with Pfin Online, 1 Term (6 Months) Printed Access Card) (Paperback)--by Randall S. Billingsley [2016 Edition] ISBN: 9781305661707

Pfin (with Pfin Online, 1 Term (6 Months) Printed Access Card) (Paperback)--by Randall S. Billingsley [2016 Edition]

Pfin (with Pfin Online, 1 Term (6 Months) Printed Access Card) (Paperback)--by Randall S. Billingsley [2016 Edition]

PFIN [with PFIN Online 1-Term Access Code]

PFIN [with PFIN Online 1-Term Access Code]

Personal Financial Planning

Personal Financial Planning

MindTap Finance, 1 term (6 months) Printed Access Card for Billingsley/Gitman/Joehnk's Personal Financial Planning, 14th

MindTap Finance, 1 term (6 months) Printed Access Card for Billingsley/Gitman/Joehnk's Personal Financial Planning, 14th

Corporate Financial Decision Making and Equity Analysis

Corporate Financial Decision Making and Equity Analysis

Candidate Study Notes, Level 1, Volume 3: CFA Exam Review; Economics, Derivatives, Alternative Investments

Candidate Study Notes, Level 1, Volume 3: CFA Exam Review; Economics, Derivatives, Alternative Investments

Bundle: PFIN, 6th + PFIN Online, 1 term (6 months) Printed Access Card + LMS Registration Sticker for PFIN Online

Bundle: PFIN, 6th + PFIN Online, 1 term (6 months) Printed Access Card + LMS Registration Sticker for PFIN Online