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Financial Products: An Introduction Using Mathematics and Excel

Autor Bill Dalton
en Limba Engleză Paperback – oct 2008
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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Specificații

ISBN-13: 9780521682220
ISBN-10: 0521682223
Pagini: 406
Ilustrații: 189 b/w illus. 4 tables 8 exercises
Dimensiuni: 170 x 244 x 21 mm
Greutate: 0.79 kg
Ediția:1
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:Cambridge, United Kingdom

Cuprins

Introduction; An introduction to Excel; 1. A foundation; 2. Forward contracts; 3. The futures market; 4. Bonds; 5. The forward rate, forward rate agreements, swaps, caps and floors; 6. Options; 7. Option pricing; 8. Credit derivatives; Solutions; Index.

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Descriere

A step-by-step guide to some of the most important ideas in financial mathematics, including options, future contracts, bonds and derivatives.