Description

Book Synopsis

As indicated by the title, this book focuses on fundamental problems in finance: a logical dilemma in valuation, stock valuation methods/models, risk valuation, and optimal capital structure. It presents an innovative approach to logic and quantitative reasoning (without advanced mathematics) that delivers valuable results ---- convincing solutions to these problems. Readers in finance will definitely be interested in these solutions as well as the methods. In fact, these fundamental problems are essential in the field of finance, and they have remained unsolved (or partly unsolved) for decades. The solutions offered in this book are all sound in theory and feasible in practice, and will hopefully benefit both theoretic al research and practical decision-making.



Table of Contents
Finance and its Fundamental Problems.- Does a Positive Perpetual Growth Rate Exist?.- Valuation Based on Required Payback Period.- Certainty Equivalent, Risk Premium and Asset Pricing.- Tax Shield, Bankruptcy Cost and Optimal Capital Structure.

Finance – Fundamental Problems and Solutions

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    A Paperback / softback by Zhiqiang Zhang

    £999.99

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      Book details

      Published 25 June 2013
      ISBN-13 9783642305115
      978-3642305115
      ISBN-10 3642305113

      Description

      Book Synopsis

      As indicated by the title, this book focuses on fundamental problems in finance: a logical dilemma in valuation, stock valuation methods/models, risk valuation, and optimal capital structure. It presents an innovative approach to logic and quantitative reasoning (without advanced mathematics) that delivers valuable results ---- convincing solutions to these problems. Readers in finance will definitely be interested in these solutions as well as the methods. In fact, these fundamental problems are essential in the field of finance, and they have remained unsolved (or partly unsolved) for decades. The solutions offered in this book are all sound in theory and feasible in practice, and will hopefully benefit both theoretic al research and practical decision-making.



      Table of Contents
      Finance and its Fundamental Problems.- Does a Positive Perpetual Growth Rate Exist?.- Valuation Based on Required Payback Period.- Certainty Equivalent, Risk Premium and Asset Pricing.- Tax Shield, Bankruptcy Cost and Optimal Capital Structure.

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