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Mastering Financial Calculations: A step-by-step guide to the mathematics of financial market instruments (2nd Edition) Paperback – October 11, 2007

ISBN-13: 978-0273704447 ISBN-10: 0273704443 Edition: 2nd

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Product Details

  • Paperback: 504 pages
  • Publisher: FT Press; 2 edition (October 11, 2007)
  • Language: English
  • ISBN-10: 0273704443
  • ISBN-13: 978-0273704447
  • Product Dimensions: 6.8 x 1 x 9.5 inches
  • Shipping Weight: 1.9 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,589,815 in Books (See Top 100 in Books)

Editorial Reviews

From the Back Cover

If you work in today’s financial markets, you need to master the maths


Mastering Financial Calculations is now an established classic, essential for anyone who works in finance. This second edition is a timely revision of the widely-used, hands-on guide to the maths behind every key financial instrument and technique.

  • Financial market arithmetic – starting with the absolute basics
  • Covers everything you need to know, from options pricing and interest rate and currency swaps to zero-coupon rates and foreign exchange
  • Brand new chapters on gold and other commodities and repos, buy/sell-backs and securities lending

Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way – so even if your mathematical background is limited, you'll thoroughly grasp what you need to know. Bob Steiner makes use of easy-to-follow worked examples and practical exercises to guide you through the fundamentals, making sure you’ve got the hang of these before walking you through the essential calculations behind the more advanced techniques that are widely used in the markets.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or student, the exceptional clarity of this book means you'll quickly gain the ability to manipulate and apply these techniques with speed, accuracy and confidence.

About the Author

Bob Steiner is Managing Director for Markets International and is an experienced financial trainer and consultant. He runs specialist courses for many financial institutions and investment banks and is also a Trainer for the ACI.

For more information on Bob's training activities, see

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Most Helpful Customer Reviews

10 of 10 people found the following review helpful By Rob Ryley on April 21, 2009
Format: Paperback
Making investment decisions, whether it is to buy stock A vs. stock B, to allocate more money to stocks vs. bonds, or whether it is better to buy out a competitor vs. start up new operations from scratch, requires metrics that enable rational comparisons of the risks vs. the rewards.

This book is great for people who are interested in improving their business decision making. It starts with the absolute basics--the time value of money, and builds upon that to develop models for bond valuation, interest rate forwards and swaps, futures, repurchases (repos), on up to foreign exchange and options pricing models.

If you are a fundamentalist, much of this won't be new to you. If you are technical analyst who develops quantitative trading models, this is essential information to have, as you will know what information fundamentalists consider important, and how it may impact the market you trade.

If you are a manager of some sort, and want to understand how to make decisions that add to your company's bottom line, this will provide a very good start.
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