000 01614nam a2200145 4500
020 _a9781944659844
082 _a330.01513
_bBUC/U
100 _aBuchanan, J. Robert
245 _aAn undergraduate introduction to financial mathematics
260 _aSingapore
_bWorld Scientific Publishing
_c2022
300 _a464p.
520 _aThis textbook provides an introduction to financial mathematics and financial engineering for undergraduate students who have completed a three- or four-semester sequence of calculus courses. It introduces the theory of interest, discrete and continuous random variables and probability, stochastic processes, linear programming, the Fundamental Theorem of Finance, option pricing, hedging, and portfolio optimization. This third edition expands on the second by including a new chapter on the extensions of the Black-Scholes model of option pricing and a greater number of exercises at the end of each chapter. More background material and exercises added, with solutions provided to the other chapters, allowing the textbook to better stand alone as an introduction to financial mathematics. The reader progresses from a solid grounding in multivariable calculus through a derivation of the Black-Scholes equation, its solution, properties, and applications. The text attempts to be as self-contained as possible without relying on advanced mathematical and statistical topics. The material presented in this book will adequately prepare the reader for graduate-level study in mathematical finance......
650 _aBusiness mathematics
_aFinancial mathematics
942 _cBK
999 _c66570
_d66570