Derivatives and Financial Mathematics [Hardcover]

John F. Price (Editor)

Book Description

Publication Date: November 1997

The application of mathematics to important problems related to financial derivatives and risk management has expanded rapidly in recent years. The general area of this book is the application of mathematics to understanding properties of options. Options, in turn, are examples of what are referred to as derivative securities, or simply, derivatives. A derivative is a financial contract written on an underlying asset and it's value is derived from the value of this asset. The underlying asset might be a stock, a foreign currency, a treasury bill, a commodity, such as aviation fuel, or even another derivative. The two major types of derivatives are futures (or forwards) and options. They are traded on organized exchanges around the world, in which case the contracts are standardized with respect to most or all of the key variables. They can also be bought and sold through major banks and financial institutions in which case they are referred to as over-the counter derivatives.

Product Details

• Hardcover: 196 pages
• Publisher: Nova Science Publishers (November 1997)
• Language: English
• ISBN-10: 1560725117
• ISBN-13: 978-1560725114
• Product Dimensions: 8.1 x 6.5 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #5,562,139 in Books (See Top 100 in Books)

More About the Author

John Price started his career as a research mathematician with positions in major universities around the world. After publishing two books and over 60 papers in peer-reviewed journals in mathematics, physics and finance, Dr. Price set as a research objective to understand the best investment methods of Benjamin Graham, Warren Buffett, John Burr Williams, Peter Lynch and others. He personally programmed, tested and compared over 30 different stock valuation methods in his search for the best of the best. This led to the development of investment software called Conscious Investor® which his company has sold around the world for the past nine years. It also provided the background and research for The Conscious Investor. He divides his time between the U.S. and Australia. For more details on the methods in this book, visit www.theconsciousinvestor.org.