Financial Products
An Introduction using Mathematics and Excel
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). An important feature of the book is that it explains this range of concepts and techniques in a way that can be understood by those with only a basic understanding of algebra. Many of the calculations are illustrated using Excel spreadsheets, as are some of the more complex algebraic processes. This accessible approach makes it an ideal introduction to financial products for undergraduates and those studying for professional financial qualifications.
Overview
Shared work-level identity and catalog context.
Contributors
People credited with this work in the active catalog.
- Open Author
Bill Dalton
Editions
Publication-specific versions linked to this work only.
- Image source: Open LibraryFP
Financial Products
1 views - FPFinancial ProductsBill Dalton
Financial Products
1 views - FPFinancial ProductsBill Dalton
Financial Products
1 views - Image source: Open LibraryFP
Financial Products
- Image source: Open LibraryFP
Financial Products
- FPFinancial ProductsBill Dalton
Financial Products
- FPFinancial ProductsBill Dalton
Financial Products
