Financial Calculus: An Introduction to Derivative Pricing

Financial Calculus: An Introduction to Derivative Pricing
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Monetary Calculus: An Introduction to Derivative Pricing Description

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This is the initial rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivatives. With mathematical precision and in a style proper for market participants, the authors describe key ideas such as martingales, alter of measure and model of Heath-Jarrow-Morton. Of discrete time hedging on binary trees, the authors develop action models in continuous time (which includes the Black-Scholes). They focus on practical examples of stocks, currencies and interest rate markets, all accompanied by graphic illustrations of realistic information. The authors give a full glossary of probabilistic and monetary terms. Monetary Calculus: An Introduction to Derivative Pricing

\n\nFinancial Calculus: An Introduction to Derivative Pricing Ebook

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