An Introduction to the Mathematics of Finance

A Deterministic Approach
2. Auflage 2016
ISBN: 978-0-08-101302-1
Verlag: Elsevier Science & Technology

Buch, Englisch, 464 Seiten, Format (B × H): 191 mm x 235 mm, Gewicht: 960 g

An Introduction to the Mathematics of Finance: A Deterministic Approach, Second edition, offers a highly illustrated introduction to mathematical finance, with a special emphasis on interest rates. This revision of the McCutcheon-Scott classic follows the core subjects covered by the first professional exam required of UK actuaries, the CT1 exam. It realigns the table of contents with the CT1 exam and includes sample questions from past exams of both The Actuarial Profession and the CFA Institute. With a wealth of solved problems and interesting applications, An Introduction to the Mathematics of Finance stands alone in its ability to address the needs of its primary target audience, the actuarial student.

Zielgruppe

<p>The primary audience is upper-division undergraduates and graduate students in the UK studying financial mathematics. They will typically be taking courses such as "Principles of Finance" and "Actuarial Finance." The secondary audience is upper-division undergraduates and graduate students studying financial mathematics. </p>

Autoren/Hrsg.

Garrett, Stephen

Fachgebiete

• Mathematik | Informatik Mathematik Mathematik Interdisziplinär Finanz- und Versicherungsmathematik

Inhaltsverzeichnis

1. Introduction2. Theory of Interest Rates3. The Basic Compound Interest Functions4. Further Compound Interest Functions5. Loan Repayment Schedules6. Project Appraisal and Investment Performance7. The Valuation of Securities8. Capital Gains Tax9. Term Structures and Immunization10. An Introduction to Derivative Pricing: Forwards and Futures11. Further Derivatives: Swaps and Options12. An Introduction to Stochastic Interest Rate Models

Über Autor(innen)

Garrett, Stephen
Prof. Stephen Garrett is Professor of Mathematical Sciences at the University of Leicester in the UK. He is currently Head of Actuarial Science in the Department of Mathematics, and also Head of the Thermofluids Research Group in the Department of Engineering. These two distinct responsibilities reflect his background and achievements in both actuarial science education and fluid mechanics research. Stephen is a Fellow of the Royal Aeronautical Society, the highest grade attainable in the world's foremost aerospace institution.