Valuing EmployeeStock Options

Được đăng lên bởi bai-tap-lon
Số trang: 7 trang   |   Lượt xem: 292 lần   |   Lượt tải: 0 lần
Valuing Employee

Stock Options

John Wiley & Sons, Inc.

Valuing Employee

Stock Options

Founded in 1807, John Wiley & Sons is the oldest independent publishing
company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing
print and electronic products and services for our customers’ professional
and personal knowledge and understanding.
The Wiley Finance series contains books written specifically for finance
and investment professionals as well as sophisticated individual investors
and their financial advisors. Book topics range from portfolio management
to e-commerce, risk management, financial engineering, valuation, and financial instrument analysis, as well as much more.
For a list of available titles, visit our Web site at 


Black-Scholes model and,
in case study applying FAS 123,
136, 137–138
inputs and, 120–121
Monte Carlo simulation and,
59–60, 79–80
use of, 14
Risk-neutral probability, 19, 87,
Sample case study, see Case study
applying FAS 123
Sarbanes-Oxley Act of 2002, 4
Scholes, Myron, 8, 51
Simulation, see Monte Carlo
Soft option approach to
marketability discount, 42
Software, Employee Stock Options
Valuation, 158–165
auditing templates and
spreadsheets, 164–165
ESO Functions, 161–164
ESO Toolkit, 158–161
Spider chart, 23–25
Spot rates, 120, 136
Stepping time, 88–89, 100. See also
Stock price:
in case study applying FAS 123,
dividend policy changes and,
as input, 119–120
volatility and, 121–125
Stock price barriers, 8, 20–21,
Strike price, 97
in case study applying FAS 123,
as input, 119–120

Suboptimal exercise behavior, 22,
26–28, 108–109
binomial lattices, 23–25
binomial lattices, technical
justification, 26–28
Black-Scholes model and, 6
in case study applying FAS 123,
as input, 126–127
Monte Carlo simulation and,
nonmarketability discount and,
42, 45
Tables, of options valuation results,
thirty-five percent volatility and
three-year maturity, 171–178
thirty-five percent volatility and
five-year maturity, 187–198
thirty-five percent volatility and
seven-year maturity, 211–226
thirty-five percent volatility and
ten-year maturity, 243–266
seventy percent volatility and
three-year maturity, 179–186
seventy percent volatility and fiveyear maturity, 199–210
seventy percent volatility and
seven-year maturity, 227–242
seventy percent volatility and...
Để xem tài liệu đầy đủ. Xin vui lòng
Valuing EmployeeStock Options - Người đăng: bai-tap-lon
5 Tài liệu rất hay! Được đăng lên bởi - 1 giờ trước Đúng là cái mình đang tìm. Rất hay và bổ ích. Cảm ơn bạn!
7 Vietnamese
Valuing EmployeeStock Options 9 10 955