{"product_id":"financial-calculus-hardcover","title":"Financial Calculus - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMartin Baxter\u003c\/b\u003e (Author), \u003cb\u003eAndrew Rennie\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eHere is the first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities. With mathematical precision and in a style tailored for market practioners, the authors describe key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model. Starting from discrete-time hedging on binary trees, the authors develop continuous-time stock models (including the Black-Scholes method). They stress practicalities including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. The authors provide a full glossary of probabilistic and financial terms.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 244\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.72 x 9.4 x 6.46 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 19, 1996\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42737014439999,"sku":"9780521552899","price":203.8,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/2038225264ad95c4e3e2ef91d00009ba.webp?v=1765148554","url":"https:\/\/dhlswag.com\/products\/financial-calculus-hardcover","provider":"BBB","version":"1.0","type":"link"}