Binding: Hardcover
Dewey Decimal Number: 332.015118
EAN: 9780262026284
ISBN: 0262026287
Label: The MIT Press
Manufacturer: The MIT Press
Number Of Items: 1
Number Of Pages: 1168
Publication Date: February 29, 2008
Publisher: The MIT Press
Sales Rank: 9081
Studio: The MIT Press

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Editorial Review:

Product Description:
Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel.

The long-awaited third edition of this standard text maintains the "cookbook" features and Excel dependence that have made the first and second editions so popular. It also offers significant new material, with new chapters covering such topics as bank valuation, the Black-Litterman approach to portfolio optimization, Monte Carlo methods and their applications to option pricing, and using array functions and formulas. Other chapters, including those on basic financial calculations, portfolio models, calculating the variance-covariance matrix, and generating random numbers, have been revised, with many offering substantially new and improved material. Other areas covered include financial statement modeling, leasing, standard portfolio problems, value at risk (VaR), real options, duration and immunization, and term structure modeling. Technical chapters treat such topics as data tables, matrices, the Gauss-Seidel method, and tips for using Excel. The last section of the text covers the Visual Basic for Applications (VBA) techniques needed for the book. The accompanying CD contains Excel worksheets and solutions to end-of-chapter exercises.

Praise for the previous editions:

"Benninga has a clear writing style and uses numerous illustrations, which make this book one of the best texts on using Excel for finance that I've seen."
—Ed McCarthy, Ticker Magazine

"The author describes this as a 'cookbook' and that is a good analogy.... Its breadth is extensive, covering simple present valuing and cost of capital ... to the likes of real options and early exercise of American-style options.... A worthwhile acquisition."
—Paul Dentskevitch, Risk Magazine

"Financial Modeling is highly-recommended to readers who are interested in an introduction to basic, traditional approaches to financial modeling and analysis, as well as to those who want to learn more about applying spreadsheet software to financial analysis."
—Edward Weiss, Journal of Computational Intelligence in Finance

"Financial Modeling belongs on the desk of every finance professional. Its no-nonsense, hands-on approach makes it an indispensable tool."
—Hal R. Varian, Dean, School of Information Management and Systems, University of California, Berkeley

"This is applied finance theory for the professional at its best. As a student, I and countless others learnt the intricacies of Lotus and financial theory from Professor Benninga's first book—Numerical Techniques in Finance. Now, as a professional, I do not have to 're-invent the wheel' in Excel. An invaluable guide. A must for all financial analysts."
—Vikas Nath, Global Strategist, Emerging Equity Markets, Union Bank of Switzerland, London




Rating: - A good detailed book on Financial Modeling
This was recommended by a friend, and it was worth it. A good detailed book on financial modeling that can help anyone get started and understand the subject better.

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Rating: - The best book out there for financial modeling using Excel
Professor Benninga's "Financial Modeling" is the best and most comprehensive book on financial modeling with excel available. For beginners in Finance they could start with another excellent book the "Principles of Finance with Excel" by the same author.
Professor Benninga is an authority on numerical methods in finance and financial engineering. The credit goes in making the sophisticated financial modelling look simple with excel so that any person with some background and interest in finance ... Read More

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Rating: - Good Value
After looking for a little while (internet and bookstores) I can tell you this is the best value you can find anywhere...

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Rating: - Good book
It's a good book on financial modeling. Good quality, not only the book itself but also the CD which goes with it.

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Rating: - Wide-ranging book with incredible hands on insight
I wish I had the opportunity to study modeling from this perspective while in school. Prof Benninga's insistence on taking the student from theory to application provides a unique perspective that is critical to a variety of functions in corporate finance.

I use this book on almost a daily basis to approach common financial decisions with a new level of quantative rigor.

Worth easily 10x its price. Do buy.

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