Exercises and Solutions in Finance

Hundreds of class-tested finance exercises that test student understanding. Many are educational in their own right—for example, delaying social security benefits does not give a safe 8% real return; the correlation between bond and stock returns is not stable, and most measures of company performance regress toward the mean. This book contains hundreds of engaging, class-tested finance exercises (and detailed solutions) that test student understanding of the material. Many are educational in their own right—for example, delaying social security benefits does not give a safe 8% real return; the correlation between bond and stock returns is not stable, and most measures of company performance regress toward the mean.