Undergrad Intro Fin Math (4th Ed)
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Book Overview Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such as bonds, futures, and option...
Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such as bonds, futures, and options can start with this book, whereby the only mathematical prerequisite is multivariable calculus. The necessary theory of interest, statistical, stochastic, and differential equations are developed in their respective chapters, with the goal of making this introductory text as self-contained as possible.
In this edition, the chapters on hedging portfolios and extensions of the Black-Scholes model have been expanded. The chapter on optimizing portfolios has been completely re-written to focus on the development of the Capital Asset Pricing Model. The binomial model due to Cox-Ross-Rubinstein has been enlarged into a standalone chapter illustrating the wide-ranging utility of the binomial model for numerically estimating option prices. There is a completely new chapter on the pricing of exotic options. The appendix now features linear algebra with sufficient background material to support a more rigorous development of the Arbitrage Theorem.
The new edition has more than doubled the number of exercises compared to the previous edition and now contains over 700 exercises. Thus, students completing the book will gain a deeper understanding of the development of modern financial mathematics.
Book Details Format: Hardcover | Pages: 464 | Language: English | Publisher: WORLD SCIENTIFIC PUB CO INC | ISBN: 9811260303
FormatHardcover
Pages464
LanguageEnglish
ISBN9811260303
EAN9789811260308
PublisherWORLD SCIENTIFIC PUB CO INC
Publication Date1970-01-01
Edition4
AccessoriesNo Accessory
ConditionNew
Product TypeHARD COVER BOOKS
Weight1.74 Pounds
Length9.0 Inches
Width6.0 Inches
Height1.0 Inches
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