000			02340nam a22003378i 4500
001			CR9780511806636
003			UkCbUP
005			20200124160247.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			141103s1996||||enk o ||1 0|eng|d
020			_a9780511806636 (ebook)
020			_z9780521552899 (hardback)
020			_z9780521557665 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG6024.A3 _bB39 1996
082	0	0	_a332.63/221 _220
100	1		_aBaxter, Martin, _d1968- _eauthor.
245	1	0	_aFinancial calculus : _ban introduction to derivative pricing / _cMartin Baxter, Andrew Rennie.
264		1	_aCambridge : _bCambridge University Press, _c1996.
300			_a1 online resource (ix, 233 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
520			_aThe rewards and dangers of speculating in the modern financial markets have come to the fore in recent times with the collapse of banks and bankruptcies of public corporations as a direct result of ill-judged investment. At the same time, individuals are paid huge sums to use their mathematical skills to make well-judged investment decisions. Here now is the first rigorous and accessible account of the mathematics behind the pricing, construction and hedging of derivative securities. Key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model are described with mathematical precision in a style tailored for market practitioners. Starting from discrete-time hedging on binary trees, continuous-time stock models (including Black-Scholes) are developed. Practicalities are stressed, including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. A full glossary of probabilistic and financial terms is provided. This unique book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders.
650		0	_aDerivative securities _xPrices _xMathematics.
700	1		_aRennie, Andrew, _d1968- _eauthor.
776	0	8	_iPrint version: _z9780521552899
856	4	0	_uhttps://doi.org/10.1017/CBO9780511806636
999			_c519065 _d519063