Praise for Real Options and Option-Embedded Securities
"Whether you are deciding which capital projects to undertake,determining how to finance those projects, or managing andcontrolling risks arising from your investment and financingdecisions, you confront options within the modern firm. RealOptions and Option-Embedded Securities is noteworthy in that itoffers a comprehensive treatment of pricing and strategicapplications of options throughout the firm. This includesdesigning and valuing option-embedded securities issues, accountingfor flexibility in capital project analysis, and employing optionswithin a firm's risk management program. This book should provequite useful to practicing financial managers and business studentsalike."-Clifford W. Smith Jr., Louise and Henry Epstein Professor,University of Rochester
"In this uncertain and fast-changing economic environment,corporations and consultants draw heavily on the concept of realoptions to quantify and direct strategy. For instance, we valuestart-up ventures as options, and Real Options and Option-EmbeddedSecurities provides a detailed guide to identifying and valuingoptions such as these. My only complaint about the book is that itwasn't available when I studied options in my MBA program! Nicelydone. I highly recommend it."-Anton Griessner, Senior Consultant,Deloitte Consulting
"This book accomplishes two things I didn't think possible. Itpresents a comprehensive yet understandable treatment of thechallenging field of option pricing, and it offers a unifiedapproach to the use of options in solving problems in corporatefinance. The book delivers! I heartily recommend it topractitioners and students of modern finance."-Darla Moore,President, Rainwater, Inc.
www.wileyfinance.com
William T. Moore
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung Optionsgeschäft Wertpapier
This book accomplishes two things I didn t think possible. It presents a comprehensive yet understandable treatment of the challenging field of option pricing, and it offers a unified approach to the use of options in solving problems in corporate finance. The book delivers! I heartily recommend it to practitioners and students of modern finance. (Darla Moore, President, Rainwater, Inc.)
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