With numerous examples and exercises, this classroom-tested text provides a straightforward introduction to the mathematics and models used in the valuation of financial derivatives. It examines the principles of option pricing in detail via standard binomial and stochastic calculus models and develops the requisite mathematical background as needed. The first nine chapters of the book describe option valuation techniques in discrete time using the binomial model. The remaining chapters illustrate the theory in continuous time, with an emphasis on the Black-Scholes-Merton model. A solutions manual is available for qualifying instructors.
- ISBN: 978-1-4398-8911-4
- Editorial: Chapman and Hall/CRC
- Encuadernacion: Cartoné
- Páginas: 256
- Fecha Publicación: 01/11/2011
- Nº Volúmenes: 1
- Idioma: Inglés