Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, investments and corporate finance to government. To what extent, however, can these models predict what actually happens in financial markets? In the Paradox of Asset Pricing, a leading financial researcher argues forcefully that the empirical record is weak at best. Peter Bossaerts undertakes the most thorough, technically sound investigation in many years into scientific character of the pricing of financial assets.
Capital Market – Third Edition
₦3,500.00 ₦3,500.00This book presents the vide range of instruments for financing, investing and controlling risk besides an overview of the exact/liability management issues faced by major institutional investors and the strategies they employed.
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