MARC record from Internet Archive

LEADER: 04623cam 2200601Ii 4500
001 ocn911801676
003 OCoLC
005 20220114024741.0
008 160217s2016 fluad b 001 0 eng d
010 $a 2016285049
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020 $a149872390X
020 $a9781498723909
024 3 $a9781498723909
035 $a(OCoLC)911801676
042 $alccopycat
050 00 $aHF5691$b.H35 2016
082 04 $a332/.0151$223
084 $a91-01$a91Gxx$2msc
100 1 $aHastings, Kevin J.,$d1955-$eauthor.
245 10 $aIntroduction to financial mathematics /$cKevin J. Hastings, Knox College, Galesburg, Illinois, USA.
264 1 $aBoca Raton :$bCRC Press, Taylor & Francis Group,$c2016.
300 $axiii, 407 pages :$billustrations, charts ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
490 1 $aAdvances in applied mathematics
504 $aIncludes bibliographical references (pages 401-402) and index.
505 0 $aTheory of interest -- Bonds -- Discrete probability for finance -- Portfolio theory -- Valuation of derivatives -- Appendix: answers to selected exercises.
520 $a"Introduction to Financial Mathematics is ideal for an introductory undergraduate course. Unlike most textbooks aimed at more advanced courses, the text motivates students through a discussion of personal finances and portfolio management. The author then goes on to cover valuation of financial derivatives in discrete time, using all of closed form, recursive, and simulation methods. The text covers nearly all of the syllabus topics of the Financial Mathematics Actuarial examination, providing students with the foundation they require for future studies and throughout their careers. It begins by covering standard material on the mathematics of interest, including compound interest, present value, annuities, loans, several versions of the rate of return on an investment, and interest in continuous time. The text explains how to value bonds at their issue dates, at coupon times, between coupon times, and in cases where the bonds are terminated early. Next, it supplies a rapid-fire overview of the main ideas and techniques of discrete probability, including sample spaces and probability measures, random variables and distributions, expectation, conditional probability, and independence. The author introduces the basic terminology of stocks and stock trading. He also explains how to derive the rate of return on a portfolio and how to use the idea of risk aversion to model the investor tradeoff between risk and return. The text also discusses the estimation of parameters of asset models from real data. The text closes with a detailed discussion of how to value financial derivatives using anti-arbitrage assumptions. The one-step and multi-step cases are covered, and exotic options such as barrier options are also introduced, to which simulation methods are applied. Many of the examples in the book involve numerical solution of complicated non-linear equations; others ask students to produce algorithms which beg to be implemented as programs. For maximum flexibility, the author has produced the text without adhering to any particular computational platform."--Back cover
650 0 $aBusiness mathematics$xTextbooks.
650 7 $aFinance and Accounting.$2eflch
650 7 $aBusiness mathematics.$2fast$0(OCoLC)fst00842780
650 7 $aFinanzmathematik$2gnd
650 7 $aFinance and Accounting.$2ukslc
655 7 $aTextbooks.$2fast$0(OCoLC)fst01423863
830 0 $aAdvances in applied mathematics.
856 41 $3Table of contents$qapplication/pdf$uhttp://digitale-objekte.hbz-nrw.de/storage2/2017/05/15/file_8/7219002.pdf
856 42 $uhttp://books.google.com/books?vid=isbn149872390X$zAdditional Information at Google Books
856 4 $304$qpdf/application$uhttp://www.gbv.de/dms/zbw/836409116.pdf
938 $aBrodart$bBROD$n113210930
938 $aBaker and Taylor$bBTCP$nBK0017288802
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938 $aYBP Library Services$bYANK$n12498479
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948 $hNO HOLDINGS IN P4A - 196 OTHER HOLDINGS