Financial Products: An Introduction Using Mathematics and Excel - Hardcover

Dalton, Bill

 
9780521863582: Financial Products: An Introduction Using Mathematics and Excel
Hardcover
ISBN 10: 0521863589 ISBN 13: 9780521863582
Publisher: Cambridge University Press, 2008

Synopsis

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.

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About the Author

Bill Dalton was Head of the Mathematics Department at Harrow School, 1978–98. He retired in 2006 and now writes and lectures part-time in financial mathematics.

"About this title" may belong to another edition of this title.

Publisher
Cambridge University Press
Publication date
2008
Language
English
ISBN 10 
0521863589
ISBN 13 
9780521863582
Binding
Hardcover
Edition number
1
Number of pages
406

Other Popular Editions of the Same Title

9780521682220: Financial Products: An Introduction Using Mathematics and Excel

Featured Edition

ISBN 10:  0521682223 ISBN 13:  9780521682220
Publisher: Cambridge University Press, 2008
Softcover