Financial Calculus
Language: English
Published by Cambridge University Press, GB, 1996
- Hardcover
- New
Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
£ 115.07
Quantity: 2 available
Add to basketItem description from seller
The rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders.…
Seller Inventory # LU-9780521552899
- Title
- Financial Calculus
- Author
- Andrew Rennie, Martin Baxter
- Publisher
- Cambridge University Press, GB
- Publication year
- 1996
- Condition
- New
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0521552893
- ISBN 13
- 9780521552899
- Item weight
- 565 grams
"Synopsis" may belong to another edition of this title.
Review
'... the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities.' L'Enseignement Mathématique
"About the title" may belong to another edition of this title.
Rarewaves.com USA
London, London, United Kingdom
AbeBooks seller since June 11, 2025
Shipping rates from United Kingdom to U.S.A.
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