Arbitrage Pricing Theory: Finance, Theory, Asset pricing, Stock, Expected return, Beta coefficient, Discounts and allowances, Arbitrage, Stephen Ross (economist) - Brossura

Brossura

ISBN 10: 6131750939 ISBN 13: 9786131750939

Casa editrice: Alphascript Publishing, 2010

Riassunto

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Arbitrage pricing theory (APT), in finance, is a general theory of asset pricing, that has become influential in the pricing of stocks. APT holds that the expected return of a financial asset can be modeled as a linear function of various macro- economic factors or theoretical market indices, where sensitivity to changes in each factor is represented by a factor-specific beta coefficient. The model-derived rate of return will then be used to price the asset correctly - the asset price should equal the expected end of period price discounted at the rate implied by model. If the price diverges, arbitrage should bring it back into line.

Su questa edizione

• Editore: Alphascript Publishing
• Data di pubblicazione: 2010
• ISBN 10: 6131750939
• ISBN 13: 9786131750939
• Rilegatura: Copertina flessibile
• Numero di pagine: 76
• Redattore: Miller Frederic P., Vandome Agnes F., McBrewster John