\u003cp\u003e\u003cb\u003eAn accessible and mathematically rigorous resource for masters and PhD students\u003c/b\u003e \u003cp\u003eIn \u003ci\u003eFoundations of the Pricing of Financial Derivatives: Theory and Analysis \u003c/i\u003etwo expert finance academics with professional experience deliver a practical new text for doctoral and masters\u0026rsquo; students and also new practitioners. The book draws on the authors extensive combined experience teaching, researching, and consulting on this topic and strikes an effective balance between fine-grained quantitative detail and high-level theoretical explanations. \u003cp\u003eThe authors fill the gap left by books directed at masters\u0026rsquo;-level students that often lack mathematical rigor. Further, books aimed at mathematically trained graduate students often lack quantitative explanations and critical foundational materials. Thus, this book provides the technical background required to understand the more advanced mathematics used in this discipline, in class, in research, and in practice. \u003cp\u003eReaders will also find: \u003cul\u003e \u003cli\u003eTables, figures, line drawings, practice problems (with a solutions manual), references, and a glossary of commonly used specialist terms\u003c/li\u003e \u003cli\u003eReview of material in calculus, probability theory, and asset pricing\u003c/li\u003e \u003cli\u003eCoverage of both arithmetic and geometric Brownian motion \u003c/li\u003e \u003cli\u003eExtensive treatment of the mathematical and economic foundations of the binomial and Black-Scholes-Merton models that explains their use and derivation, deepening readers\u0026rsquo; understanding of these essential models\u003c/li\u003e \u003cli\u003eDeep discussion of essential concepts, like arbitrage, that broaden students\u0026rsquo; understanding of the basis for derivative pricing\u003c/li\u003e \u003cli\u003eCoverage of pricing of forwards, futures, and swaps, including arbitrage-free term structures and interest rate derivatives\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eAn effective and hands-on text for masters\u0026rsquo;-level and PhD students and beginning practitioners with an interest in financial derivatives pricing, \u003ci\u003eFoundations of the Pricing of Financial Derivatives\u003c/i\u003e is an intuitive and accessible resource that properly balances math, theory, and practical applications to help students develop a healthy command of a difficult subject.
nl
en