Business & Economics Books:

Financial Products

An Introduction Using Mathematics and Excel
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Hardback
$425.00
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Description

Financial Products provides a step-by-step guide to some of the most important ideas in financial mathematics. It describes and explains interest rates, discounting, arbitrage, risk neutral probabilities, forward contracts, futures, bonds, FRA and swaps. It shows how to construct both elementary and complex (Libor) zero curves. Options are described, illustrated and then priced using the Black Scholes formula and binomial trees. Finally, there is a chapter describing default probabilities, credit ratings and credit derivatives (CDS, TRS, CSO and CDO). An important feature of the book is that it explains this range of concepts and techniques in a way that can be understood by those with only a basic understanding of algebra. Many of the calculations are illustrated using Excel spreadsheets, as are some of the more complex algebraic processes. This accessible approach makes it an ideal introduction to financial products for undergraduates and those studying for professional financial qualifications.

Author Biography:

Bill Dalton was Head of the Mathematics Department at Harrow School, 1978-1998. He retired in 2006 and now writes and lectures part-time in financial mathematics.
Release date NZ
October 2nd, 2008
Author
Audiences
  • Professional & Vocational
  • Tertiary Education (US: College)
Illustrations
Worked examples or Exercises; 4 Tables, unspecified; 189 Line drawings, unspecified
Pages
406
Dimensions
178x253x28
ISBN-13
9780521863582
Product ID
2716620

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