Bill Dalton - Financial products: An introduction using mathematics and Excel
English | 2008-11-10 | ISBN: 0521863589, 0521682223 | PDF | 408 pages | 18.74 MB
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). ...