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The Black Scholes model of option pricing
constitutes the cornerstone of contemporary valuation
theory. However, the model presupposes the existence of
several unrealistic assumptions including the lognormal
distribution of stock market price processes. There, now,
subsists abundant empirical evidence that this is not the
case. It contemplates a statistical feedback process for
the stochastic term in the Black Scholes partial
differential equation. Several interesting implications of
...

The book is primarily targeted at teachers / students of finance, management, commerce, accounting and related professional disciplines / courses. Practitioners / professionals would also find it text.The invaluable book is structured around, and comprehensively covers, decision-making in the three financial interrelated areas, namely, investment, financing and dividend policy. Included are also discussions on important tools of financial planning, analysis and management such as cash / funds flow and ratio analysis such as basic financial concepts, that is, time value of money, valuation of...