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The book is almost entirely devoted to the practical application of theoretical developments, the transformation of their form and content in connection with technical progress. The works of Harry Markowitz and Eugene Fym, the revolutionary views of Franco Modigliani and Merton Miller, the theories of Fisher Black, Myron Scholes and Robert Merton appeared as early as the 1950s–1970s, but did not receive recognition from practitioners for a long time. Nowadays, it is difficult to imagine the...