Mastering Financial Calculations: A Step-by-step Guide to the Mathematics of Financial Markets; Market Editions (Financial Times Series) - Softcover

Steiner, Bob

Softcover

ISBN 10: 027362587X ISBN 13: 9780273625872

Publisher: Financial Times/ Prentice Hall, 1999

Synopsis

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis, and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets.  The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties. Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator. Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace. The book includes essential course material and practice exercises for ACI qualifications.

About this title

About the Author

Robert Steiner is Managing Director of Markets International, Ltd., an independent company specializing in international financial training, and in consulting on foreign exchange with finance directors and treasurers of international companies. He is also author of Mastering Repo Markets.

From the Back Cover

Success in today’s sophisticated financial markets increasingly depends on a firm understanding of key financial concepts and mathematical techniques. This book explains them in a clear and comprehensive way for a wide audience.

 

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets. The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties.

 

Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator.

 

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace.

Edition details

• Publisher: Financial Times/ Prentice Hall
• Publication date: 1999
• Language: English
• ISBN 10: 027362587X
• ISBN 13: 9780273625872
• Binding: Paperback
• Edition number: 1
• Number of pages: 416