A Course In Financial Calculus

Finance provides a dramatic example of the successful application ofmathematics to the practical problem of pricing financial derivatives. Thisselfcontained tex... » 

Finance provides a dramatic example of the successful application ofmathematics to the practical problem of pricing financial derivatives. Thisselfcontained text is designed for first courses in financial calculus. Keyconcepts are introduced in the discrete time framework proofs in thecontinuoustime world follow naturally. A valuable feature is the large numberof exercises and examples designed to test technique and illustrate how themethods and concepts are applied to realistic financial questions. «