{"product_id":"the-mathematics-of-finance-pure-and-applied-undergraduate-texts-9780821847930","title":"The Mathematics of Finance (Pure and Applied Undergraduate Texts)","description":"\u003cp\u003eThis book is ideally suited for an introductory undergraduate course on financial engineering. It explains the basic concepts of financial derivatives  including put and call options  as well as more complex derivatives such as barrier options and options on futures contracts. Both discrete and continuous models of market behavior are developed in this book. In particular  the analysis of option prices developed by Black and Scholes is explained in a self-contained way  using both the probabilistic Brownian Motion method and the analytical differential equations method. The book begins with binomial stock price models  moves on to multistage models  then to the Cox-Ross-Rubinstein option pricing process  and then to the Black-Scholes formula. Other topics presented include Zero Coupon Bonds  forward rates  the yield curve  and several bond price models. The book continues with foreign exchange models and the Keynes Interest Rate Parity Formula  and concludes with the study of country risk  a topic not inappropriate for the times. In addition to theoretical results  numerical models are presented in much detail. Each of the eleven chapters includes a variety of exercises. An instructors manual for this title is available electronically. Please send email to textbooks@ams.org for more information.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45665840496693,"sku":"ByrdShop_0821847937","price":54.02,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780821847930.jpg?v=1782409654","url":"https:\/\/atxbooks.com\/products\/the-mathematics-of-finance-pure-and-applied-undergraduate-texts-9780821847930","provider":"ATX Books","version":"1.0","type":"link"}