作者：Bill Dalton
出版日期：November 10, 2008
出版社：Cambridge University Press
页数：408
ISBN：ISBN-10: 0521863589 ISBN-13: 978-0521863582
文件格式：PDF

Product Description
Financial Products provides a step-by-step guide to some of the mostimportant ideas in financial mathematics. It describes and explainsinterest rates, discounting, arbitrage, risk neutral probabilities,forward contracts, futures, bonds, FRA and swaps. It shows how toconstruct both elementary and complex (Libor) zero curves. Options aredescribed, illustrated and then priced using the Black Scholes formulaand binomial trees. Finally, there is a chapter describing defaultprobabilities, credit ratings and credit derivatives (CDS, TRS, CSO andCDO). An important feature of the book is that it explains this rangeof concepts and techniques in a way that can be understood by thosewith only a basic understanding of algebra. Many of the calculationsare illustrated using Excel spreadsheets, as are some of the morecomplex algebraic processes. This accessible approach makes it an idealintroduction to financial products for undergraduates and thosestudying for professional financial qualifications.
Book Description
Financial Products provides a step-by-step guide to some of the mostimportant ideas in financial mathematics, including options, futurecontracts, bonds and derivatives. Its accessible approach makes it anideal introduction to financial products for undergraduates and thosestudying for professional financial qualifications.