Numerical Techniques in Finance
By Simon Benninga
* Publisher: The MIT Press
* Number Of Pages: 254
* Publication Date: 1989-07-06
* ISBN-10 / ASIN: 0262521415
* ISBN-13 / EAN: 9780262521413
Product Description:
"This excellent book shows how to incorporate into a spreadsheet program, like Lotus, the sometimes theoretical constructs of modern finance. In the process of working through this book, the reader will gain an intuitive understanding of modern finance and, as a bonus, a thorough knowledge of Lotus." -- Marshall E. Blume, Howard Butcher III Professor of Financial Management, Wharton School, University of Pennsylvania
Numerical Techniques in Finance is an innovative book that shows how to create, and how to solve problems in, a wide variety of complex financial models. All the models are set up using Lotus 1-2-3; some of the advanced models also make use of Lotus macros.
Using the models set out in the book, students and practicing professionals will be able to enhance their evaluative and planning skills. Each of the models is preceded by an explanation of the underlying financial theory. Exercises are provided to help the reader utilize the models to create new, individualized applications.
Numerical Techniques in Finance covers standard financial models in the areas of corporate finance, financial-statement simulation, portfolio problems, otions, portfolio insurance, duration, and immunization. A separate section of the book reviews the relevant mathematical and Lotus 1-2-3 techniques. Each of the book's five parts begins with a succinct overview.
Summary: A Complete course in Numerical Techniques in Fianance
Rating: 5
Simon Benninga's book on Numerical Techniques is a good collection on application of quantitative techniques in Finance, it has covered most of theoritical concepts of Modern Finance and put them in an algorithmic form ready to be used with the help of Excel or Lotus. This excellent book not only shows an algorithmic approach to the modern financial principles but as a bonus adds to the users spreadsheets skills. Sujeet
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