Description: Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets by Holger Kraft Estimated delivery 3-12 business days Format Paperback Condition Brand New Description However, this way of tackling portfolio problems is not restricted to portfolio problems with default able assets only, but it provides a general framework allowing for a compact formulation of portfolio problems even if interest rates are stochastic. Publisher Description The continuous-time portfolio problem consists of finding the optimal investment strategy of an investor. In the classical Merton problem the investor can allocate his funds to a riskless savings account and risky assets. However, to get explicit results, it is assumed that the interest rates are deterministic and that the assets are default free. In this monograph both assumptions are weakened: The author analyzes and solves portfolio problems with stochastic interest rates and with defaultable assets. Besides, he briefly discusses how portfolio problems with foreign assets can be handled. The focus of the monograph is twofold: On the one hand, the economical problems are carefully explained, on the other hand their formal solution is rigorously presented. For this reason the text should be of interest to researchers with a Finance background as well as to researchers with a more formal background who would like to see how mathematics is applied to portfolio theory. Details ISBN 3540212302 ISBN-13 9783540212300 Title Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets Author Holger Kraft Format Paperback Year 2004 Pages 174 Edition 1st Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG GE_Item_ID:140616628; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
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ISBN-13: 9783540212300
Book Title: Optimal Portfolios with Stochastic Interest Rates and Defaultable
Item Length: 9.3in
Item Height: 0.2in
Item Width: 6.1in
Author: Holger Kraft
Publication Name: Optimal Portfolios with Stochastic Interest Rates and Defaultable ASSETS
Format: Perfect
Language: English
Publisher: Springer Berlin / Heidelberg
Publication Year: 2004
Series: Lecture Notes in Economics and Mathematical Systems Ser.
Type: Textbook
Item Weight: 21.2 Oz
Number of Pages: X, 174 Pages
