Financial Calculus - Martin Baxter,Andrew Rennie
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The first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities, this book explains, with mathematical precision and in a style tailored for market practitioners, such key concepts as martingales, change of measure, and the Heath-Jarrow-Morton model. A full Glossary of probabilistic and financial terms is provided along with graphical illus ... Full description
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Description
The first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities, this book explains, with mathematical precision and in a style tailored for market practitioners, such key concepts as martingales, change of measure, and the Heath-Jarrow-Morton model. A full Glossary of probabilistic and financial terms is provided along with graphical illustrations with realistic data.
More Information
| Author | Martin Baxter, Andrew Rennie |
|---|---|
| Publisher | Cambridge University Press |
| Release year | 2015 |
| Cover type | Hardcover |
| EAN | 9780521552899 |