Mathematics of Finance: Modeling and Hedging

Hardcover (Print)
Rent
Rent from BN.com
$25.14
(Save 59%)
Est. Return Date: 09/29/2014
Buy Used
Buy Used from BN.com
$37.20
(Save 40%)
Item is in good condition but packaging may have signs of shelf wear/aging or torn packaging.
Condition: Used – Good details
Used and New from Other Sellers
Used and New from Other Sellers
from $45.99
Usually ships in 1-2 business days
(Save 25%)
Other sellers (Hardcover)
  • All (6) from $45.99   
  • New (2) from $63.00   
  • Used (4) from $45.99   
Close
Sort by
Page 1 of 1
Showing All
Note: Marketplace items are not eligible for any BN.com coupons and promotions
$63.00
Seller since 2008

Feedback rating:

(962)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

New
0821847937

Ships from: Pennington, NJ

Usually ships in 1-2 business days

  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
$72.02
Seller since 2011

Feedback rating:

(865)

Condition: New
Brand new and unread! Join our growing list of satisfied customers!

Ships from: Phoenix, MD

Usually ships in 1-2 business days

  • Standard, 48 States
  • Standard (AK, HI)
Page 1 of 1
Showing All
Close
Sort by

Overview

This book is ideally suited for an introductory undergraduate course on financial engineering. It explains the basic concepts of financial derivatives, including put and call options, as well as more complex derivatives such as barrier options and options on futures contracts. Both discrete and continuous models of market behavior are developed in this book. In particular, the analysis of option prices developed by Black and Scholes is explained in a self-contained way, using both the probabilistic Brownian Motion method and the analytical differential equations method. The book begins with binomial stock price models, moves on to multistage models, then to the Cox-Ross-Rubinstein option pricing process, and then to the Black-Scholes formula. Other topics presented include Zero Coupon Bonds, forward rates, the yield curve, and several bond price models. The book continues with foreign exchange models and the Keynes Interest Rate Parity Formula, and concludes with the study of country risk, a topic not inappropriate for the times. In addition to theoretical results, numerical models are presented in much detail. Each of the eleven chapters includes a variety of exercises.

Read More Show Less

Editorial Reviews

Booknews
Explains basic financial and mathematical concepts used in modeling and hedging. Each topic is introduced with the assumption that the reader has little to no previous exposure to financial matters or to the activities that are common to major equity markets. Contains chapters on financial markets, binomial trees, tree models for stocks and options, using spreadsheets to compute stock and option trees, and continuous models and the Black-Scholes formula. Other chapter topics are hedging, bond models and interest rate options, computational methods for bonds, currency markets and foreign exchange risks, and international political risk analysis. Includes exercises and selected answers. The authors are affiliated with Indiana University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Read More Show Less

Product Details

  • ISBN-13: 9780821847930
  • Publisher: American Mathematical Society
  • Publication date: 3/10/2009
  • Series: Pure and Applied Undergraduate Texts Series , #7
  • Edition description: New Edition
  • Pages: 250
  • Product dimensions: 7.00 (w) x 10.20 (h) x 0.80 (d)

Table of Contents

1 Financial Markets 1
2 Binomial Trees, Replicating Portfolios and Arbitrage 25
3 The Models for Stocks and Options 44
4 Using Spreadsheets to Compute Stock and Option Trees 71
5 Continuous Models and the Black-Scholes Formula 81
6 The Analytic Approach to Black-Scholes 109
7 Hedging 122
8 Bond Models and Interest Rate Options 137
9 Computational Methods for Bonds 190
10 Currency Markets and Foreign Exchange Risks 207
11 International Political Risk Analysis 221
Answers to Selected Exercises 241
Index 247
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)