Financial Modeling, Fifth Edition. (Record no. 3037)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 11433nam a22005053i 4500 |
| 001 - CONTROL NUMBER | |
| control field | EBC6859814 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | MiAaPQ |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20260706084529.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS | |
| fixed length control field | m o d | |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
| fixed length control field | cr cnu|||||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 260706s2022 xx o ||||0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9780262368247 |
| Qualifying information | (electronic bk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| Canceled/invalid ISBN | 9780262046428 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (MiAaPQ)EBC6859814 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (Au-PeEL)EBL6859814 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (OCoLC)1293252542 |
| 040 ## - CATALOGING SOURCE | |
| Original cataloging agency | MiAaPQ |
| Language of cataloging | eng |
| Description conventions | rda |
| -- | pn |
| Transcribing agency | MiAaPQ |
| Modifying agency | MiAaPQ |
| 082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 658.150285536 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Benninga, Simon. |
| 245 10 - TITLE STATEMENT | |
| Title | Financial Modeling, Fifth Edition. |
| 250 ## - EDITION STATEMENT | |
| Edition statement | 1st ed. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE | |
| Place of production, publication, distribution, manufacture | Cambridge : |
| Name of producer, publisher, distributor, manufacturer | MIT Press, |
| Date of production, publication, distribution, manufacture, or copyright notice | 2022. |
| 264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE | |
| Date of production, publication, distribution, manufacture, or copyright notice | �2022. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1 online resource (879 pages) |
| 336 ## - CONTENT TYPE | |
| Content type term | text |
| Content type code | txt |
| Source | rdacontent |
| 337 ## - MEDIA TYPE | |
| Media type term | computer |
| Media type code | c |
| Source | rdamedia |
| 338 ## - CARRIER TYPE | |
| Carrier type term | online resource |
| Carrier type code | cr |
| Source | rdacarrier |
| 341 0# - ACCESSIBILITY CONTENT | |
| Textual assistive features | Unknown accessibility |
| Source | onix |
| 505 0# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Intro -- Title Page -- Copyright -- Dedication -- Table of Contents -- Preface and Acknowledgments -- Before All Else -- 0.1. Data Tables -- 0.2. What Is Getformula? -- 0.3. How to Put Getformula into Your Excel Notebook -- 0.4. Saving the Excel Workbook: Windows -- 0.5. Saving the Excel Workbook: Mac -- 0.6. Do You Have to Put Getformula into Each Excel Workbook? -- 0.7. Using Formulatext() Instead of Getformula -- 0.8. A Shortcut to Use Getformula and Formulatext -- 0.9. Recording Getformula: The Windows Case -- 0.10. Recording Getformula: The Mac Case -- 0.11. Using R -- I. Corporate Finance -- 1. Basic Financial Analysis -- 1.1. Overview -- 1.2. Present Value and Net Present Value -- 1.3. The Internal Rate of Return (IRR) and Loan Tables -- 1.4. Multiple Internal Rates of Return -- 1.5. Flat Payment Schedules -- 1.6. Future Values and Applications -- 1.7. A Pension Problem-Complicating the Future Value Problem -- 1.8. Continuous Compounding -- 1.9. Discounting Using Dated Cash Flows -- Exercises -- 2. Corporate Valuation Overview -- 2.1. Overview -- 2.2. Three Methods to Compute Enterprise Value (EV) -- 2.3. Using Accounting Book Values to Value a Company: The Firm's Accounting Enterprise Value -- 2.4. The Efficient Markets Approach to Corporate Valuation -- 2.5. Enterprise Value as the Present Value of the Free Cash Flows: DCF "Top Down" Valuation -- 2.6. Free Cash Flows Based on Consolidated Statement of Cash Flows -- 2.7. Free Cash Flows Based on Pro Forma Financial Statements -- 2.8. Summary -- Exercises -- 3. Calculating the Weighted Average Cost of Capital (WACC) -- 3.1. Overview -- 3.2. Computing the Value of the Firm's Equity, E -- 3.3. Computing the Value of the Firm's Debt, D -- 3.4. Computing the Firm's Tax Rate, TC -- 3.5. Computing the Firm's Cost of Debt, rD -- 3.6. Two Approaches to Computing the Firm's Cost of Equity, rE. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 3.7. Three Approaches to Computing the Expected Return on the Market, E(rM) -- 3.8. What's the Risk-Free Rate rf in the CAPM? -- 3.9. Computing the WACC -- 3.10. When Don't the Models Work? -- 3.11. Summary -- Exercises -- 4. Pro Forma Analysis and Valuation Based on the Discounted Cash Flow Approach -- 4.1. Overview -- 4.2. Setting the Stage-Discounting the Free Cash Flow (FCF) -- 4.3. Simplified Approach Based on Consolidated Statement of Cash Flows -- 4.4. Pro Forma Financial Statement Modeling -- 4.5. Using the FCF to Value the Firm and Its Equity -- 4.6. Setting the Debt to Be the Absorbing Item and Incorporating Target Debt/Equity Ratio into the Pro Forma -- 4.7. Calculating the Return on Invested Capital -- 4.8. Project Finance: Debt Repayment Schedules -- 4.9. Calculating the Return on Equity -- 4.10. Tax Loss Carryforwards -- 4.11. Conclusion -- Exercises -- 5. Building a Pro Forma Model: The Case of Merck -- 5.1. Overview -- 5.2. Merck's Financial Statements, 2015-2018 -- 5.3. Analyzing the Financial Statements -- 5.4. A Model for Merck -- 5.5. Using the Model to Value Merck -- 5.6. Valuation Model for Merck Using Multiples -- 5.7. Summary -- 6. Financial Analysis of Leasing -- 6.1. Overview -- 6.2. A Simple but Misleading Example -- 6.3. Leasing and Firm Financing-the Equivalent-Loan Method -- 6.4. The Lessor's Problem: Calculating the Highest Acceptable Lease Rental -- 6.5. Asset Residual Value and Other Considerations -- 6.6. Mini-Case: When Is Leasing Profitable for Both the Lessor and the Lessee? -- 6.7. Leveraged Leasing -- 6.8. A Leveraged Lease Example -- 6.9. Summary -- Exercises -- II. Bonds -- 7. Bond's Duration -- 7.1. Overview -- 7.2. Two Examples -- 7.3. What Does Duration Mean? -- 7.4. Duration Patterns -- 7.5. The Duration of a Bond with Uneven Payments -- 7.6. Convexity of a Bond -- 7.7. Immunization Strategies. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 7.8. Summary -- Exercises -- 8. Modeling the Term Structure -- 8.1. Overview -- 8.2. The Term Structure of Interest Rates -- 8.3. Bond Pricing Using the Equivalent Single Bond Approach -- 8.4. Pricing with Several Bonds at the Same Maturity -- 8.5. The Nelson-Siegel Approach of Fitting a Functional Form to the Term Structure -- 8.6. The Properties of the Nelson-Siegel Term Structure -- 8.7. Term Structure for Treasury Notes -- 8.8. Summary -- Appendix: VBA Functions Used in This Chapter -- 9. Calculating Default-Adjusted Expected Bond Returns -- 9.1. Overview -- 9.2. Calculating the Expected Return in a One-Period Framework -- 9.3. Calculating the Bond Expected Return in a Multi-period Framework -- 9.4. A Numerical Example -- 9.5. Experimenting with the Example -- 9.6. Computing the Bond Expected Return for an Actual Bond -- 9.7. Semiannual Transition Matrices -- 9.8. Computing Bond Beta -- 9.9. Summary -- Exercises -- III. Portfolio Theory -- 10. Portfolio Models-Introduction -- 10.1. Overview -- 10.2. Computing Descriptive Statistics for Stocks -- 10.3. Calculating Portfolio Means and Variances -- 10.4. Portfolio Mean and Variance-Case of N Assets -- 10.5. Envelope Portfolios -- 10.6. Summary -- Exercises -- Appendix 10.1: Continuously Compounded versus Geometric Returns -- Appendix 10.2: Adjusting for Dividends -- 11. Efficient Portfolios and the Efficient Frontier -- 11.1. Overview -- 11.2. Some Preliminary Definitions and Notation -- 11.3. Five Propositions on Efficient Portfolios and the CAPM -- 11.4. Calculating the Efficient Frontier: An Example -- 11.5. Three Notes on the Optimization Procedure -- 11.6. Finding the Market Portfolio: The Capital Market Line (CML) -- 11.7. Computing the Global Minimum Variance Portfolio (GMVP) -- 11.8. Testing the SML-Implementing Propositions 3-5 -- 11.9. Efficient Portfolios without Short Sales. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 11.10. Summary -- Exercises -- Mathematical Appendix -- 12. Calculating the Variance-Covariance Matrix -- 12.1. Overview -- 12.2. Computing the Sample Variance-Covariance Matrix -- 12.3. The Correlation Matrix -- 12.4. Four Alternatives to the Sample Variance-Covariance Matrix -- 12.5. Alternatives to the Sample Variance-Covariance: The Single-Index Model -- 12.6. Alternatives to the Sample Variance-Covariance: Constant Correlation -- 12.7. Alternatives to the Sample Variance-Covariance: Shrinkage Methods -- 12.8. Using Option Information to Compute the Variance Matrix -- 12.9. Which Method to Compute the Variance-Covariance Matrix? -- 12.10. Summing Up -- Exercises -- 13. Estimating Betas and the Security Market Line -- 13.1. Overview -- 13.2. Testing the SML -- 13.3. Did We Learn Something? -- 13.4. The Non-efficiency of the "Market Portfolio" -- 13.5. So What's the Real Market Portfolio? How Can We Test the CAPM? -- 13.6. Conclusion: Does the CAPM Have Any Uses? -- Exercises -- 14. Event Studies -- 14.1. Overview -- 14.2. Outline of an Event Study -- 14.3. An Initial Event Study: Procter & -- Gamble Buys Gillette -- 14.4. A Fuller Event Study: Impact of Earnings Announcements on Stock Prices -- 14.5. Using a Two-Factor Model of Returns for an Event Study -- 14.6. Using Excel's Offset Function to Locate a Regression in a Data Set -- 14.7. Conclusion -- 15. The Black-Litterman Approach to Portfolio Optimization -- 15.1. Overview -- 15.2. A Naive Problem -- 15.3. Black and Litterman's Solution to the Optimization Problem -- 15.4. BL Step 1: What Does the Market Think? -- 15.5. BL Step 2: Introducing Opinions-What Does Joanna Think? -- 15.6. Using BL for International Asset Allocation -- 15.7. Summary -- Exercises -- IV. Options -- 16. Introduction to Options -- 16.1. Overview -- 16.2. Basic Option Definitions and Terminology -- 16.3. Some Examples. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 16.4. Option Payoff and Profit Patterns -- 16.5. Option Strategies: Payoffs from Portfolios of Options and Stocks -- 16.6. Option Arbitrage Propositions -- 16.7. Summary -- Exercises -- 17. The Binomial Option Pricing Model -- 17.1. Overview -- 17.2. Two-Date Binomial Pricing -- 17.3. The State Prices -- 17.4. The Multi-period Binomial Model -- 17.5. Pricing American Options Using the Binomial Pricing Model -- 17.6. Programming the Binomial Option Pricing Model -- 17.7. Convergence of Binomial Pricing to the Black-Scholes Price -- 17.8. Using the Binomial Model to Price Employee Stock Options -- 17.9. Using the Binomial Model to Price Nonstandard Options: An Example -- 17.10. Summary -- Exercises -- 18. The Black-Scholes Model -- 18.1. Overview -- 18.2. The Black-Scholes Model -- 18.3. Programming the Black-Scholes Option Pricing Model -- 18.4. Calculating the Volatility -- 18.5. Programming a Function to Find the Implied Volatility -- 18.6. Dividend Adjustments to the Black-Scholes -- 18.7. "Bang for the Buck" with Options -- 18.8. The Black Model for Bond Option Valuation -- 18.9. Using the Black-Scholes Model to Price Risky Debt -- 18.10. Using the Black-Scholes Formula to Price Structured Securities -- 18.11. Summary -- Exercises -- 19. Option Greeks -- 19.1. Overview -- 19.2. Defining and Computing the Greeks -- 19.3. Delta Hedging a Call -- 19.4. The Greeks of a Portfolio -- 19.5. Greek-Neutral Portfolio -- 19.6. The Relationship between Delta, Theta, and Gamma -- 19.7. Summary -- Exercises -- Appendix 19.1: VBA for Greeks -- Appendix 19.2: R Code for Greeks -- 20. Real Options -- 20.1. Overview -- 20.2. A Simple Example of the Option to Expand -- 20.3. The Abandonment Option -- 20.4. Valuing the Abandonment Option as a Series of Puts -- 20.5. Valuing a Biotechnology Project -- 20.6. Summary -- Exercises -- V. Monte Carlo Methods. |
| 505 8# - FORMATTED CONTENTS NOTE | |
| Formatted contents note | 21. Generating and Using Random Numbers. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | A substantially updated new edition of the essential text on financial modeling, with revised material, new data, and implementations shown in Excel, R, and Python.Financial Modeling has become the gold-standard text in its field, an essential guide for students, researchers, and practitioners that provides the computational tools needed for. |
| 588 ## - SOURCE OF DESCRIPTION NOTE | |
| Source of description note | Description based on publisher supplied metadata and other sources. |
| 590 ## - LOCAL NOTE (RLIN) | |
| Local note | Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2026. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Finance-Mathematical models. |
| 655 #4 - INDEX TERM--GENRE/FORM | |
| Genre/form data or focus term | Electronic books. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Mofkadi, Tal. |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY | |
| Relationship information | Print version: |
| Main entry heading | Benninga, Simon |
| Title | Financial Modeling, Fifth Edition |
| Place, publisher, and date of publication | Cambridge : MIT Press,c2022 |
| International Standard Book Number | 9780262046428 |
| 797 2# - LOCAL ADDED ENTRY--CORPORATE NAME (RLIN) | |
| Corporate name or jurisdiction name as entry element | ProQuest (Firm) |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://ebookcentral.proquest.com/lib/ppks/detail.action?docID=6859814">https://ebookcentral.proquest.com/lib/ppks/detail.action?docID=6859814</a> |
| Public note | Click to View |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Library of Congress Classification |
| Koha item type | E-Book |
No items available.