Financial Products: An Introduction using Mathematics and Excel

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Financial Merchandise: An Introduction making use of Mathematics and Excel Description

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Financial merchandise are a step by step guide to some of the most critical suggestions in financial mathematics. It describes and explains interest rates, discount, arbitrage, risk neutral probabilities, forward contracts, futures, bonds, futures and swaps. It shows how to construct elementary and complex (Libor) zero curves. The alternatives are described, illustrated and costs using the Black-Scholes and binomial trees. Finally, there is a chapter describing probabilities, credit ratings and credit derivatives (CDS, TRS, CSO and CDO). An essential feature of the book is to explain the selection of concepts and strategies in a manner understandable to those who have only a basic understanding of algebra. Several calculations are illustrated utilizing Excel, which are some of the a lot more complex algebraic procedure. This approach enables you to write an perfect introduction to financial goods for students and those studying the monetary professionals Financial Items: An Introduction making use of Mathematics and Excel