{"product_id":"fundamental-problems-and-solutions-in-finance-9789811982682","title":"Fundamental Problems and Solutions in Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis book provides innovative solutions to fundamental problems in finance, such as the valuation of bond and equity, the pricing of debt, equity and total asset, the determination of optimal capital structure, etc., which are unsolved or poor-solved so far.\u003c\/p\u003e  \u003cp\u003eThe solutions in this book all have the following features:\u003c\/p\u003e  \u003cp\u003eBased on essential assumptions in line with reality, the final solutions are analytical solutions with closed-form models, the forms and variables of the models are determined by strict and objective logic processes rather than chosen or presumed subjectively, such as the new growth model for stock valuation, the new CAPM accounting for total risk rather than only systematic risk, the real solution to optimal capital structure based on the trade-off between tax shield and bankruptcy cost. In addition, these basic solutions or models are adjusted easily to various application scenarios.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePart I Asset Valuation\u003c\/p\u003e  \u003cp\u003eChapter 1 Finance and its Fundamental Problems\u003c\/p\u003e  \u003cp\u003eChapter 2 Discounting and Bond Valuation\u003c\/p\u003e  Chapter 3 Stock and Equity Valuation: Where Discounting Does Not Work\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eAppendix IA: Is Practice Ahead of Theory? ——Based on the Case of Finance\u003c\/p\u003e  \u003cp\u003eAppendix IB: On the Basic Classification of Social Science\u003c\/p\u003e  \u003cp\u003ePart II Asset Pricing\u003c\/p\u003e  \u003cp\u003eChapter 4 Option Pricing and Valuation of Contingent Cash Flow\u003c\/p\u003e  \u003cp\u003eChapter 5 Certainty Equivalent, Risk Premium and Asset Pricing\u003c\/p\u003e  Chapter 6 Debt\/Loan Risk, Bankruptcy Cost and Debt\/Loan Pricing\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eChapter 7 Capital Asset Pricing: An Easy and Unified Solution\u003c\/p\u003e  \u003cp\u003ePart III Leverage and Risks\u003c\/p\u003e  Chapter 8 Tax Shield, Bankruptcy Cost and Optimal Capital Structure\u003cp\u003e\u003c\/p\u003e  \u003cp\u003eChapter 9 Some Extensive Discussions of ZZ Leverage Model \u003c\/p\u003e  \u003cp\u003eChapter 10 Bankruptcy Probability and Firm Life Expectancy\u003c\/p\u003e  \u003cp\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Springer Verlag, Singapore","offers":[{"title":"Default Title","offer_id":50587607466327,"sku":"9789811982682","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811982682.jpg?v=1746120537","url":"https:\/\/bookcurl.com\/products\/fundamental-problems-and-solutions-in-finance-9789811982682","provider":"Book Curl","version":"1.0","type":"link"}