By J. Robert Buchanan
This textbook offers an advent to monetary arithmetic and fiscal engineering for undergraduate scholars who've accomplished a 3- or four-semester series of calculus courses.
It introduces the speculation of curiosity, discrete and non-stop random variables and likelihood, stochastic methods, linear programming, the elemental Theorem of Finance, choice pricing, hedging, and portfolio optimization. The reader progresses from a superb grounding in multi-variable calculus via a derivation of the Black–Scholes equation, its answer, homes, and applications.
- The concept of Interest
- Discrete Probability
- Normal Random Variables and Probability
- The Arbitrage Theorem
- Random Walks and Brownian Motion
- Forwards and Futures
- Solution of the Black–Scholes Equation
- Derivatives of Black–Scholes alternative Prices
- Optimizing Portfolios
- American Options
Readership: Undergraduate scholars in economics, finance and utilized arithmetic; execs in banking, coverage and finance.
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Additional resources for An Undergraduate Introduction to Financial Mathematics
An Undergraduate Introduction to Financial Mathematics by J. Robert Buchanan