Synopsis
Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. "Financial Modelling" 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 (TM). In this sense, this is a finance "cookbook", providing recipes with lists of ingredients and instructions. Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modelling. A new technical chapter contains a potpourri of tips for using Excel (TM). Although the reader should know enough about Excel (TM) to set up a simple spreadsheet, the author explains advanced Excel (TM) techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming, It also comes with a CD-ROM containing Excel (TM) worksheets and solutions to end-of-chapter exercises.

The author, Simon Benninga, http://finance.wharton.upenn.edu/~benninga , 21. Juli 1997
For more information ...
This book covers basic and advanced financial modeling; it uses Excel as a programming vehicle. Students and financial professionals who have used preliminary editions of the book love it! For more information see my Web page (address above).

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Inhaltsverzeichnis

Corporate Finance Models

• Basic financial calculations 
• Calculating the cost of capital 
• Pro forma financial Statement Modeling 
• Using Financial Statement Models for Valuation 
• Financial Analysis of Leasing
• The Financial Analysis of Leveraged Leases

Portfolio Models

• Portfolio Models -- Introduction
• Calculating the Variance-Covariance Matrix
• Calculating Efficient Portfolios
• Estimating Betas and the Security Market Line
• Efficient Portfolios with Short Sale Restrictions
• Value at Risk (VaR) 

Option Pricing Models

• An Introduction to Options
• The Binomial Option Pricing Model
• The Lognormal Distribution
• The Black-Scholes Model
• Portfolio Insurance
• Real Options 
• Early Exercise Boundaries 

Bonds and Duration

• Duration
• Immunization Strategies
• Modeling the Term Structure 
• Calculating Default-adjusted Expected Bond Returns
• Duration and the Cheapest-to-Deliver on Treasury Bond Futures

Technical Chapters on Various Aspects of Excel

• Random Number Generation
• Data Tables
• Matrices and Array Functions
• The Gauss-Seidel Method
• Excel Functions
• Some Excel Hints 

Introduction to Visual Basic for Applications (VBA) Programming (written by Benjamin Czaczkes) 

• User-Defined Functions for VBA
• Types and Loops
• Macros and User Interaction
• Arrays
• Objects