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Derivatives and Financial Mathematics (Hardback)
$109.20 - Free shipping worldwide (to United States and
all these other countries) Usually dispatched within 24 hours | |Short Description for Derivatives and Financial MathematicsThe application of mathematics to important problems related to financial derivatives and risk management has expanded over the years. This book includes an application of mathematics to understanding properties of options.
Full description- Publisher: Nova Biomedical
- Published: 05 December 1997
- Format: Hardback 196 pages
- See: Full bibliographic data
- Categories: Investment & Securities | Mathematics
- ISBN 13: 9781560725114 ISBN 10: 1560725117
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Full description for Derivatives and Financial Mathematics
The application of mathematics to important problems related to financial derivatives and risk management has expanded rapidly in recent years. The general area of this book is the application of mathematics to understanding properties of options. Options, in turn, are examples of what are referred to as derivative securities, or simply, derivatives. A derivative is a financial contract written on an underlying asset and it's value is derived from the value of this asset. The underlying asset might be a stock, a foreign currency, a treasury bill, a commodity, such as aviation fuel, or even another derivative. The two major types of derivatives are futures (or forwards) and options. They are traded on organized exchanges around the world, in which case the contracts are standardized with respect to most or all of the key variables. They can also be bought and sold through major banks and financial institutions in which case they are referred to as over-the counter derivatives.

