Financial products: an introduction using mathematics and Excel

By:

Dalton, Bill

Material type: Text

TextPublication details: Cambridge University Press Cambridge 2008Description: 399 pISBN:

9780521682220

Subject(s):

DDC classification:

332.6320420285554 DAL

Summary: 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. Suitable for undergraduate students on introductory finance courses, as well as professionals qualifying for exams Interactive approach using Excel spreadsheets encourages the reader to try calculations for themselves and to learn by investigation Uses examples from everyday life to show the purpose and relevance of financial products

List(s) this item appears in: Finance & Accounting | Operation & quantitative Techniques

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	332.6320420285554 DAL (Browse shelf(Opens below))	1	Available		000598

Table of Contents
Introduction
An introduction to Excel
1. A foundation
2. Forward contracts
3. The futures market
4. Bonds
5. The forward rate, forward rate agreements, swaps, caps and floors
6. Options
7. Option pricing
8. Credit derivatives
Solutions
Index.

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.

Suitable for undergraduate students on introductory finance courses, as well as professionals qualifying for exams
Interactive approach using Excel spreadsheets encourages the reader to try calculations for themselves and to learn by investigation
Uses examples from everyday life to show the purpose and relevance of financial products

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