{"product_id":"derivatives-9781032762180","title":"Derivatives","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eDerivatives: Mathematical Foundations for Finance Students\u003c\/i\u003e is written for students of finance and actuarial science who want to understand derivatives not just as formulas but as ideas that make sense. The goal is to build the mathematical foundations up step by step â starting from the familiar territory of first-year undergraduate probability and statistics and moving all the way to stochastic calculus and the principles of risk-neutral pricing, which form the heart of modern financial mathematics.\u003c\/p\u003e\u003cp\u003eThis text will enable the reader to:\u003c\/p\u003e\u003cp\u003eâ understand models of asset price behaviour and apply stochastic calculus\u003cbr\u003eâ use stochastic simulations in R to investigate processes and price options\u003cbr\u003eâ price options with the binomial model\u003cbr\u003eâ derive solutions to the Black-Scholes equation using risk-neutral pricing\u003cbr\u003eâ price interest-rate derivatives using Black's model, short-rate models and the HeathâJarrowâMorton (HJM) framework\u003cbr\u003eâ tackle quantitative finance exam questions.\u003c\/p\u003e\u003cp\u003eIt incorporates a range of learning features to aid student understanding, including boxed examples, end-of-chapter summaries, selected questions from Society of Actuaries (US) Quantitative Finance examinations and further reading suggestions. The book is also supported by a suite of digital learning resources, including PowerPoint slides, multiple choice questions, instructor manual\/advice document for lecturers, and a test bank.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eDerivatives: Mathematical Foundations for Finance Students\u003c\/i\u003e will appeal to both undergraduate and postgraduate students who wish to understand the principles of stochastic calculus and option pricing.\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":55534557725015,"sku":"9781032762180","price":56.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781032762180.jpg?v=1792586663","url":"https:\/\/bookcurl.com\/products\/derivatives-9781032762180","provider":"Book Curl","version":"1.0","type":"link"}