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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Book Description
Financial Products provides a step-by-step guide to some of the most important ideas in financial mathematics, including options, future contracts, bonds and derivatives. Its accessible approach makes it an ideal introduction to financial products for undergraduates and those studying for professional financial qualifications.
About the Author
Bill Dalton was Head of the Mathematics Department at Harrow School, 1978-1998. He retired in 2006 and now writes and lectures part-time in financial mathematics.
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international students, rate multiplying factor, quoted futures price, profit diagram, safe interest rate, fixed rate interest payment, coupon bearing bond, new asset value, equivalent continuously, risk neutral probabilities, payers swap, receivers swap, floating rate payment, credit spread option, day count convention, short forward contract, accrual factor, long forward contract, fixed rate payments, zero curve, accrual period, mezzanine tranche, bull spread, last coupon date, short futures contract Key Phrases - Capitalized Phrases (CAPs): (learn more)
Financial Products, Goal Seek, Dodgem Motors, Arrico Bank, Burden Industries, Chicago Board of Trade, Arbitrage Annie, Overall Pays, Swap Pays, Loan Pays, Cash Flow, Bountiful Bond, New York, Safe Bank Ltd, Bond Face, Financial Times, Wednesday of September, Futures Contract Daily Cumulative Margin, End Of Day, High Jinks, Microsoft Excel, Maturity Interest, Payment Time, Solution Today, Par Yield Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
international students, rate multiplying factor, quoted futures price, profit diagram, safe interest rate, fixed rate interest payment, coupon bearing bond, new asset value, equivalent continuously, risk neutral probabilities, payers swap, receivers swap, floating rate payment, credit spread option, day count convention, short forward contract, accrual factor, long forward contract, fixed rate payments, zero curve, accrual period, mezzanine tranche, bull spread, last coupon date, short futures contract Key Phrases - Capitalized Phrases (CAPs): (learn more)
Financial Products, Goal Seek, Dodgem Motors, Arrico Bank, Burden Industries, Chicago Board of Trade, Arbitrage Annie, Overall Pays, Swap Pays, Loan Pays, Cash Flow, Bountiful Bond, New York, Safe Bank Ltd, Bond Face, Financial Times, Wednesday of September, Futures Contract Daily Cumulative Margin, End Of Day, High Jinks, Microsoft Excel, Maturity Interest, Payment Time, Solution Today, Par Yield Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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