Textbook Discounter: Business: Financial Calculus : An Introduction to Derivative Pricing

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Financial Calculus : An Introduction to Derivative Pricing
	Authors: Martin Baxter, Andrew Rennie Publisher: Cambridge University Press Category: Book List Price: ~~$77.00~~ Buy New: $47.99 You Save: $29.01 (38%) New (23) Used (18) from $38.78 Rating: 31 reviews Sales Rank: 41815 Media: Hardcover Pages: 233 Number Of Items: 1 Shipping Weight (lbs): 1.2 Dimensions (in): 9.3 x 6.4 x 0.8 ISBN: 0521552893 Dewey Decimal Number: 332.63221 EAN: 9780521552899 ASIN: 0521552893 Publication Date: September 28, 1996 Availability: Usually ships in 1-2 business days


Editorial Reviews: Product Description Here is the first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities. With mathematical precision and in a style tailored for market practioners, the authors describe key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model. Starting from discrete-time hedging on binary trees, the authors develop continuous-time stock models (including the Black-Scholes method). They stress practicalities including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. The authors provide a full glossary of probabilistic and financial terms. Book Description Here is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts are described with mathematical precision in a style tailored for market practitioners. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations. A full glossary of probabilistic and financial terms is provided.This up-to-date book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders, whether existing or trainees in investment banks in the major financial centres throughout the world.