Undergraduate Introduction To Financial Mathematics, An (Fourth Edition)
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A01=J Robert Buchanan
Arbitrage
Author_J Robert Buchanan
Black-Scholes Equation
BlackAcAEURA"Scholes Equation
Black–Scholes Equation
Brownian Motion
Category=KFF
Category=KJQ
Derivatives
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Financial Mathematics
Forwards
Futures
Hedging
Optimal Portfolios
Options
Random Walks
Theory of Interest
Product details
- ISBN 9789811260308
- Publication Date: 22 Dec 2022
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such as bonds, futures, and options can start with this book, whereby the only mathematical prerequisite is multivariable calculus. The necessary theory of interest, statistical, stochastic, and differential equations are developed in their respective chapters, with the goal of making this introductory text as self-contained as possible.In this edition, the chapters on hedging portfolios and extensions of the Black-Scholes model have been expanded. The chapter on optimizing portfolios has been completely re-written to focus on the development of the Capital Asset Pricing Model. The binomial model due to Cox-Ross-Rubinstein has been enlarged into a standalone chapter illustrating the wide-ranging utility of the binomial model for numerically estimating option prices. There is a completely new chapter on the pricing of exotic options. The appendix now features linear algebra with sufficient background material to support a more rigorous development of the Arbitrage Theorem.The new edition has more than doubled the number of exercises compared to the previous edition and now contains over 700 exercises. Thus, students completing the book will gain a deeper understanding of the development of modern financial mathematics.
