Financial Securities

Abstract

Books in the Current Issues in Finance Series provide a rigorous yet readable treatment of important finance topics. This book, FINANCIAL SECURITIES: MARKET EQUILIBRIUM AND PRICING METHODS, by Bernard Dumas and Blaise A1laz exemplifies the objective of the series. Dumas and A1laz present a thorough and complete exposition of three important areas of modern finance: portfolio theory and asset pricing, option pricing, and fixed income valuation. Growing out of the authors' MBA courses at the HEC School of Mltnagement, this book clearly and completely explains the key concepts underlying many of the financial innovations of the last 15 years.The publication of this book is an international effort, as it is co-published by South-Western College Publishing and Chapman & Hall, American and British subsidiaries of International Thomson Publishing. I salute them for their support of the series and thank Chris Will, in particular, for his efforts on behalf of the series. Other books in the series are FUTURES AND OPTIONS by Hans Stoll and Robert Whaley and INTERNATIONAL FINANCIAL MARKETS AND THE FIRM by Piet Sercu and Raman Uppal. Students of finance can look forward to additional volumes in the Current Issues in Finance Series that will keep them abreast of important advances in the field of finance.