This book provides a comprehensive and rigorous treatment of academic and practitioner approaches to equity security valuation. Guided by historical and philosophical insights, conventional academic wisdom surrounding the ergodic properties of stochastic processes is challenged. In addition, the implications of a general stochastic interpretation of equity security valuation are provided. Valuation of Equity Securities will also be a good reference source for students and professionals interested in the theoretical and practical applications of equity securities.Hence, there was no optimization problem to solve as there was only one effective weight. Barring ... This depends on the investment horizon or the portfolio rebalancing period ... (This terminology is used in Bodie, Kane and Marcus 1999).
|Title||:||Valuation of Equity Securities|
|Publisher||:||World Scientific - 2010-09-21|