Financial Calculus - An Introduction to Derivative Pricing (Hardcover, New)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 1996
First published:	1996
Authors:	Martin Baxter • Andrew Rennie
Dimensions:	241 x 160 x 15mm (L x W x T)
Format:	Hardcover
Pages:	233
Edition:	New
ISBN-13:	978-0-521-55289-9
Categories:	Books > Science & Mathematics > Mathematics > Probability & statistics Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	0-521-55289-3
Barcode:	9780521552899

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