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nobuy
CLCF8
LanguageENG
PublishYear2008
publishCompany Cambridge University Press
EISBN 9780511434006
PISBN 9780521863582
  • Product Details
  • Contents
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.
    Collected by
    • Princeton University
    • University of Cambridge
    • University of Oxford
    • Columbia University Library
    • Stanford University
    • National Library of China
    • UCB

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