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FINANCIAL CALCULUS - ANDREW RENNIE MARTIN BAXTER (HARDCOVER) NEW
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FINANCIAL CALCULUS - ANDREW RENNIE MARTIN BAXTER (HARDCOVER) NEW cost US $ 110.28
Price of FINANCIAL CALCULUS - ANDREW RENNIE MARTIN BAXTER (HARDCOVER) NEW in China is Chinese Yuan 674.615844 CNY,
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Powered by Frooition Pro Click here to view full size. Full Size Image Click to close full size. Financial Calculus - Book NEW

Author(s): Martin Baxter, Andrew Rennie
Format: Hardcover
Pages: 233
ISBN-13: 9780521552899
Published: 09/01/1996
Language: English
Weight: 1.27 pounds






Here is the first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities. With mathematical precision and in a style tailored for market practioners, the authors describe key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model. Starting from discrete-time hedging on binary trees, the authors develop continuous-time stock models (including the Black-Scholes method). They stress practicalities including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. The authors provide a full glossary of probabilistic and financial terms.
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