Investment Mathematics

Andrew Adams, Philip Booth, David Bowie, Della Freeth

432 pages, parution le 31/01/2003 (2^eme édition)

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Résumé

This work provides a thorough grounding in investment mathematics together with applications in the investment area. The book is designed for students of finance and investment, and will prove an essential source of reference for practitioners within the securities and investment industry worldwide.

Investment Mathematics is divided into three parts. Part I looks at the fundamental analysis of investments from a mathematical viewpoint, relying heavily on compound interest techniques which are developed in the first chapter. The material is presented in such a way that those without formal training in mathematics will be able to follow the text without difficulty.

Part II provides the necessary statistical background for investment specialists. Like Part I, the approach assumes little formal mathematical training. Finally, the book deals with a number of specialist topics which are applications of the material covered earlier, including modern portfolio theory and asset pricing, market indices, portfolio performance measurement, stochastic investment models and the theoretical pricing of options.

Investment Mathematics is an accessible text which will provide readers with a sound analytical framework within which the valuation of investments and investment in a wider context may be studied.

Contents

Part I Security Analysis

Compound Interest
Fixed-Interest Bonds
Equities and Real Estate
Real Returns
Index-Linked Bonds
Foreign Currency Investments
Derivative Securities

Part II Statistics for Investment

Describing Investment Data
Modelling Investment Returns
Estimating Parameters and Hypothesis Testing
Measuring and Testing Comovements in Returns

Part III Applications

Modern Portfolio Theory and Asset Pricing
Market Indices
Portfolio Performance Measurement
Bond Analysis
Option Pricing Models
Stochastic Investment Models
Compound Interest Tables
Student's t Distribution: Critical Points
Areas in the Right-Hand Tail of the Normal Distribution

L'auteur - Andrew Adams

ANDREW ADAMS is Senior Lecturer in Finance and Director of the Centre for Financial Markets Research at the University of Edinburgh. He has studied financial markets for over thirty years, as a practitioner in the City of London and as an academic. His research interests focus mainly on investment trust pricing and risk.

L'auteur - Philip Booth

PHILIP BOOTH is Professor of Insurance and Risk Management at the Sir John Cass Business School, City of London and Editorial and Programme Director at the Institute of Economic Affairs. He is a former special adviser at the Bank of England and previously held the Chair in Real Estate Finance and Investment at the Sir John Cass Business School. He has a long experience of teaching and researching in the fields of investment and social insurance and is author or co-author of a number of books and papers in these fields. Philip Booth is a Fellow of the Institute of Actuaries and of the Royal Statistical Society.

L'auteur - David Bowie

DAVID BOWIE is a Partner and head of quantitative analysis in the Investment Practice of Hymans Robertson Consultants & Actuaries. His focus is on the development and application of asset/liability modelling and the use of capital market theory in providing investment advice to pension funds and other institutional investors.

L'auteur - Della Freeth

DELLA FREETH is Reader in Education for Health Care Practice at St Bartholomew School of Nursing and Midwifery, City University, where she conducts quantitative and qualitative research.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Andrew Adams, Philip Booth, David Bowie, Della Freeth
Parution	31/01/2003
Édition	2^eme édition
Nb. de pages	432
Format	16,8 x 24,4
Couverture	Broché
Poids	746g
Intérieur	Noir et Blanc
EAN13	9780471998822
ISBN13	978-0-471-99882-2