New PDF release: An Undergraduate Introduction to Financial Mathematics

By Buchanan J Robert

ISBN-10: 9814407445

ISBN-13: 9789814407441

This textbook offers an creation to monetary arithmetic and monetary 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 elemental Theorem of Finance, choice pricing, hedging, and portfolio optimization. This 3rd version expands at the moment via 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 heritage fabric and workouts additional, with ideas supplied to the opposite chapters, permitting the textbook to raised stand on my own as an advent to monetary arithmetic. The reader progresses from a high-quality grounding in multivariable calculus via a derivation of the Black-Scholes equation, its answer, homes, and purposes. The textual content makes an attempt to be as self-contained as attainable with out hoping on complicated mathematical and statistical issues. the cloth provided during this e-book will appropriately organize the reader for graduate-level examine in mathematical finance.


  • The concept 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, assurance and finance.

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An Undergraduate Introduction to Financial Mathematics by Buchanan J Robert

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