FINA 9110: Valuation and Capital Market Theory

Theory emphasizing valuation and capital markets. A mathematical development of the major asset pricing theories: the capital asset pricing model (CAPM), arbitrage pricing theory, the pricing of contingent claims, and the intertemporal CAPM. Related topics include expected utility maximization, mean-variance analysis, and efficient markets. Offered every year.

Prerequisite: FINA 9100 and ECON 8010 and ECON 8070. Prerequisite or corequisite: ECON 8080.

3.0 hours