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Buchanan J Robert's An Undergraduate Introduction to Financial Mathematics PDF

By Buchanan J Robert

ISBN-10: 9814407445

ISBN-13: 9789814407441

This textbook offers an creation to monetary arithmetic and fiscal engineering for undergraduate scholars who've accomplished a 3- or four-semester series of calculus classes. It introduces the speculation of curiosity, discrete and non-stop random variables and likelihood, stochastic tactics, linear programming, the basic Theorem of Finance, choice pricing, hedging, and portfolio optimization. This 3rd version expands at the moment through together with a brand new bankruptcy at the extensions of the Black-Scholes version of alternative pricing and a better variety of routines on the finish of every bankruptcy. extra history fabric and workouts further, with suggestions supplied to the opposite chapters, permitting the textbook to raised stand on my own as an creation to monetary arithmetic. The reader progresses from an exceptional grounding in multivariable calculus via a derivation of the Black-Scholes equation, its resolution, homes, and functions. The textual content makes an attempt to be as self-contained as attainable with no counting on complicated mathematical and statistical subject matters. the fabric offered during this e-book will correctly arrange the reader for graduate-level learn in mathematical finance.

Contents:

  • The thought of Interest
  • Discrete Probability
  • Normal Random Variables and Probability
  • The Arbitrage Theorem
  • Random Walks and Brownian Motion
  • Forwards and Futures
  • Options
  • Solution of the Black-Scholes Equation
  • Derivatives of Black-Scholes choice Prices
  • Hedging
  • Extensions of the Black-Scholes Model
  • Optimizing Portfolios
  • American Options

Readership: Undergraduate scholars in finance, economics, and utilized arithmetic; execs in banking, coverage and finance.

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An Undergraduate Introduction to Financial Mathematics by Buchanan J Robert


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