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Derivatives makes a special effort throughout the text to explain what lies behind the formal mathematics of pricing and hedging. Questions ranging from ‘how are forward prices determined?’ to ‘why does the Black-Scholes formula have the form it does?’ are answered throughout the text. The authors use verbal and pictorial expositions, and sometimes simple mathematical models, to explain underlying principles before proceeding to formal analysis. Extensive uses of numerical examples for illustrative purposes are used throughout to supplement the intuitive and formal presentations.
- Sales Rank: #547669 in Books
- Published on: 2015-01-19
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.60" w x 8.00" l, .0 pounds
- Binding: Hardcover
- 960 pages
Most helpful customer reviews
0 of 0 people found the following review helpful.
Worth it!
By Divya
Very good book for anyone looking to quickly learn derivatives in detail including pricing, types and trading strategies.
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Five Stars
By John Wilhite
Perfect!!
1 of 4 people found the following review helpful.
Five Stars
By Kindle Customer
It is very complete.
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