Fundamental Problems and Solutions in Finance

This book offers innovative solutions to fundamental financial problems, with analytical solutions using closed-form models based on strict and objective logic processes. The solutions are easily adaptable to different application scenarios.

Format: Hardback
Length: 421 pages
Publication date: 28 April 2023
Publisher: Springer Verlag, Singapore

This comprehensive book offers groundbreaking solutions to fundamental financial challenges, including the valuation of bonds and equities, the pricing of debt, equity, and total assets, and the determination of optimal capital structure. These critical issues have remained unsolved or inadequately addressed in the past.

The book's innovative solutions possess several distinctive features. Firstly, they are grounded in essential assumptions that align with the realities of the financial world. Secondly, the final solutions are derived through analytical approaches, employing closed-form models. These models are meticulously crafted through strict and objective logic processes, avoiding subjective choices or assumptions, such as the new growth model for stock valuation, the new CAPM accounting for total risk rather than solely systematic risk, and the real solution to optimal capital structure based on a trade-off between tax shield and bankruptcy cost.

Moreover, these fundamental solutions or models are highly adaptable and can be easily customized to suit a wide range of application scenarios. By leveraging these innovative approaches, financial professionals and scholars can gain a deeper understanding of financial markets and make informed decisions that contribute to the growth and stability of the global economy.

Weight: 840g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811982682
Edition number: 1st ed. 2023