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Financial Products Bill Dalton

Financial Products By Bill Dalton

Financial Products by Bill Dalton


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Summary

Financial Products provides a step-by-step guide to some of the most important ideas in financial mathematics, including options, future contracts, bonds and derivatives. Its accessible approach makes it an ideal introduction to financial products for undergraduates and those studying for professional financial qualifications.

Financial Products Summary

Financial Products: An Introduction Using Mathematics and Excel by Bill Dalton

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.

About Bill Dalton

Bill Dalton was Head of the Mathematics Department at Harrow School, 1978-98. He retired in 2006 and now writes and lectures part-time in financial mathematics.

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.

Additional information

NPB9780521682220
9780521682220
0521682223
Financial Products: An Introduction Using Mathematics and Excel by Bill Dalton
New
Paperback
Cambridge University Press
2008-10-02
406
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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