Financial.Products.An.Introduction.using.Mathematics.and.Excel.Nov.2008 금융공학관련

Financial Products provides a step-by-step guide to some of the most important

ideas underpinning financial mathematics. It describes and explains interest rates,

discounting, arbitrage, risk neutral probabilities, forward contracts, futures, bonds,

FRAand swaps. It shows howto construct both elementary andmore complex (Libor)

zero curves.Options are described, illustrated and then priced using the Black–Scholes

formula and binomial trees. Finally, there is a chapter describing default probabilities,

credit ratings and credit derivatives (CDS, TRS,CSOandCDO).An important feature

of the book is that it explains this range of concepts and techniques in away that can be

understood by those with a basic understanding of algebra. Many of the calculations

are illustrated using Excel spreadsheets, as are some of the more complex algebraic

processes.This accessible approachmakes it anideal introductiontofinancialproducts

for undergraduates and those studying for professional financial qualifications.

Cambridge.University.Press.Financial.Products.An.Introducti.pdf