An Introduction to the Mathematics of Finance: A Deterministic ApproachButterworth-Heinemann, 28 maj 2013 - 464 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.
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Spis treści
1 | |
11 | |
35 | |
Chapter 4 Further Compound Interest Functions | 61 |
Chapter 5 Loan Repayment Schedules | 79 |
Chapter 6 Project Appraisal and Investment Performance | 95 |
Chapter 7 The Valuation of Securities | 121 |
Chapter 8 Capital Gains Tax | 161 |
Swaps and Options | 235 |
Chapter 12 An Introduction to Stochastic Interest Rate Models | 277 |
Theorem Proofs | 309 |
The Solution of Nonlinear Equations | 313 |
Solutions to Exercises | 319 |
Compound Interest Tables | 413 |
Additional Reading | 441 |
443 | |
Inne wydania - Wyświetl wszystko
An Introduction to the Mathematics of Finance: A Deterministic Approach Stephen Garrett Podgląd niedostępny - 2013 |
An Introduction to the Mathematics of Finance: A Deterministic Approach Stephen Garrett Podgląd niedostępny - 2016 |
Kluczowe wyrazy i wyrażenia
¼ ð1 þ 100 nominal annual rate annual yield annually in arrears annuity annum effective annum payable arbitrage borrower call option capital gains tax capital repayments cash flow Cent Function Value CFA Institute Chapter compound interest Compound Interest Tables consider denote discounted mean term discounted payback dividend effective annual equation of value EXAMPLE exercise expected value expiry fixed-interest securities force of interest forward contract forward price forward rate fund future futures contract half-yearly Hence i)n vn sn income tax interest payments interest rate Interest Tables Constants interval investment investor liabilities loan outstanding log-normal distribution Makeham’s formula market price months net present value nominal amount obtain paid payoff portfolio present value profit purchase put option put-call parity random numbers rate of interest rate of return redeemed risk-free rate sn an ðIaÞn Solution strike price swap transaction underlying asset volatility yield per annum