Another good example is Mark Carhart (BA, CFA, PhD) of GSAM Quantitative Strategies team (the highest paid employee of GS).

<r>Greene's "Econometric Analysis" is a must (although is more a reference book than a tutorial). Chapter 18 is a brief introduction in time series econometrics. Terence C. Mills' "The Econometric Modelling of Financial Time Series" and Stephen Taylor's "Asset Price Dynamics, Volatility, and Predict...

<t>If I am not wrong you are asked to find the cost of capital for the equities for each of the next 5 years. First of all bear in mind that the historic beta is not the best estimator of the future beta (adjusted beta, vasicek beta etc. are better - look in Elton, Gruber, Brown book). To find the r...

<t>First of all the risk free rate is completely irrelevant in finding the beta ratio. No matter what the risk free rate is and wheather it changes or not your beta ratio will stay the same. Forget about interest rates and do a regression of your stock against a relevant index (the right regression ...

<t>"Is it possible to drive down the price of equity, by bidding up the price of bonds?"=======================================================================Debt can leverage the value of a company. Debt, when wisely used, increases the returns per capital (or the EPS). Higher EPS means higher pri...

<t>"An Introduction to the Mathematics of Financial Derivatives" by Salih Neftci is good for begginers. The exercises at the end of each chapter will help you familiarize with the content. Baxter and Rennie "Financial Calculus: An Introduction to Derivative Pricing" is also very interesting. Read Hu...

Which areas of OR are useful for finance? (I know that dynamic programming has some applications). How neural networks are utilised in finance? Is it very useful to study NN? Can you please suggest relevant OR books?Thank you in advance guys!

<t>The question is what the stock price do you expect to be IMMEDIATELY (or at least at the next couple of days) after the public offering. So suppose that the expiry date of the warrants is tommorow and that at the same day you want to liquidate your position. All the questions that KackToodles ask...

<t>The X shipping company has decided to issue new stocks in order to cover its current liabilities. The company's main assets are its 6 ships (150m euros) while it has 10m euros of current assets (2m cash, 8m debtors). The company has loses of 40m euros in each of the last 2 years.The current stock...

Here is the link with the answers to the exercises. http://www.neftci.com/math/neftcisolutionsmanual.pdf

<t>I am invited for the assessment centre of WestLB. I have applied for the fixed income division.Has any of you participated in any assessment centre of WestLB? What is the group exercise and the case study like?What questions do they ask in the interview?Thank you very much in advance. Any suggest...

<t>Is this trend expected to continue? Is it a respond to favorable economic conditions of the country? Or it's just a bubble? If not, lots of foreign investors would start liquidating their positions to pocket the gains. That should affect negatively the local currency. (that happened to my country...

<t>I am invited to the first stage assesment centre of the same programme (derivatives trading/structuring). Can you give me some information about this stage NewFinance (in which you have apparently succeded...). What was the interview like? What questions did they ask?I would really appreciate hea...

Link for lazy quants

Do you think it's the reality or special visual effects?