How Long to Read Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets

How Long Does it Take to Read Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets?

It takes the average reader 3 hours and 10 minutes to read Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets by Holger Kraft

Assuming a reading speed of 250 words per minute. Learn more

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. TOC:Preliminaries from Stochastics.- Optimal Portfolios with Stochastic Interest Rates.- Elasticity Approach to Portfolio Optimization.- Barrier Derivatives with Curved Boundaries.- Optimal Portfolios with Dafaultable Assets - A Firm Value Approach.- References.- Abbreviations.- Notations.

How long is Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets?

Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets by Holger Kraft is 190 pages long, and a total of 47,500 words.

This makes it 64% the length of the average book. It also has 58% more words than the average book.

How Long Does it Take to Read Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 19 minutes to read Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets aloud.

What Reading Level is Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets?

Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets?

Optimal Portfolios with Stochastic Interest Rates and Defaultable Assets by Holger Kraft is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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