Undergraduate Introduction to Financial Mathematics, an Fourth Edition Buchanan J. Robert
Undergraduate Introduction to Financial Mathematics, an Fourth Edition Buchanan J. Robert Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such…
Specifikacia Undergraduate Introduction to Financial Mathematics, an Fourth Edition Buchanan J. Robert
Undergraduate Introduction to Financial Mathematics, an Fourth Edition Buchanan J. Robert
Anyone with an interest in learning about the mathematical modeling of prices of financial derivatives such as bonds, futures, and options can start with this book, whereby the only mathematical prerequisite is multivariable calculus. The chapter on optimizing portfolios has been completely re-written to focus on the development of the Capital Asset Pricing Model. The necessary theory of interest, statistical, stochastic, and differential equations are developed in their respective chapters, with the goal of making this introductory text as self-contained as possible.In this edition, the chapters on hedging portfolios and extensions of the Black-Scholes model have been expanded.
There is a The binomial model due to Cox-Ross-Rubinstein has been enlarged into a standalone chapter illustrating the wide-ranging utility of the binomial model for numerically estimating option prices.