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Published: 02 March 2017

744 Pages


ISBN: 9780190241148

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Asset Pricing and Portfolio Choice Theory

Second Edition

Kerry E. Back

Financial Management Association Survey and Synthesis

  • Comprehensively written introduction for students to asset pricing and portfolio choice theory
  • Contains detailed proofs
  • Includes extensive exercises and a solutions manual for instructors
  • Covers all related topics, including classical results on single-period, discrete-time, and continuous-time models; the equity premium; risk-free rate puzzles; heterogeneous beliefs; asymmetric information; non-expected utility preferences; and production models

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