Mastering Financial Calculations: A step-by-step guide to the mathematics of financial market instruments, 3rd Edition

Description

Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way — so even if your mathematical background is limited, you'll thoroughly grasp what you need to know.

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence. 

Sample Content

Table of Contents

• Part 1 The Basics
• Chapter 1:     Financial Arithmetic Basics
• Part 2 Interest Rate Instruments
• Chapter 2:  The Money Market
• Chapter 3:     Forward-Forwards and Forward Rate Agreements
• Chapter 4:     Interest Rate Structures
• Chapter 5:     Bond Market Calculations
• Chapter 6:     Repos, But/Sell-backs and Securities Lending
• Chapter 7:     Zero-Coupon Rates and Yield Curves
• Part 3 Foreign Exchange
• Chapter 8:     Foreign Exchange
• Part 4 Swaps and Options
• Chapter 9:     Interest Rate and Currency Swaps
• Chapter 10:   Options
• Part 5 Gold and other commodities
• Chapter 11:   Gold and other commodities
• Part 6  Hints and Answers to Exercises
• Chapter 12:   Hints and Answers to Exercises

Updates

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