: Análisis detallado de cómo el riesgo afecta el costo de capital.
The book’s treatment of bond pricing, forward contracts, and even the Modigliani-Miller (MM) propositions rests on this principle. For example, the MM Proposition I (firm value is independent of capital structure) is derived through a homemade leverage arbitrage argument. The 11th edition refines this with contemporary examples (e.g., hedge fund strategies post-2020), but the intellectual move is pure Ross: if two assets produce identical cash flows, they must have the same price. This strips away the mystique of corporate finance, revealing it as a discipline of replication and relative valuation. finanzas corporativas ross 11 edicion pdf 2021
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Aplicación del modelo CAPM y la Teoría de Valoración por Arbitraje (APT). The 11th edition refines this with contemporary examples (e
Cómo determinar el valor de activos, bonos y acciones.