Pricing Derivative Securities: An Interactive, Dynamic Environment with Maple V and Matlab

pricing Derivatives Theory Comes Alive In This Self-contained Interactive Experience In Financial Pricing. The No-arbitrage Perspective In A One-period State-preference Model Drives The Book, And The Maple And Matlab Programs Help Readers Visualize Payoffs And Respond To Various Constraints And Conditions. With Clear Explanations And Lavish Illustrations, pricing Derivative Securities Teaches The Core Theoretical Concepts So Often Disguised Behind Difficult Terms And Institutional Details.

Readers Can Experiment With The Electronic Packages Forever, Using The Book And Its Solutions Manual As A Tutorial That Can Help Solve Problems Of Increasing Complexity.

• enclosed Cd-rom Provides An Interactive, Dynamic And Friendly Environment Allowing Students To Learn Through Hands On Experience
• enhances Learning By Altering The Commands In The On-line Files, Varying Them At Will, In Order To Experiment With Applications Of The Concepts And Different (reader-generated) Examples, In Addition To The Ones Already In The Prepared File
• provides Both The Framework And The Tools, Based On The No Free Lunch Concept, By Which Readers Can Analyze And Appreciate Different Scenarios, Including Those That Are Not Covered In The Book, Related To Derivative Securities
• basic Concepts Of Stochastic Calculus Are Enriched With Demonstrations Using Animation, Simulation And Three-dimensional Graphs Thereby Overcoming Mathematical Complexity
• The Matlab Graphic User Interface Provides The Ability To Bring To Life On The Screen The Theoretical Material Of The Chapters

booknews

from His Experience That Students Able To Carry On Cocktail Party Conversations Using The Jargon Of Derivative Securities May Be Clueless About The Basics, Prisman (business, York U., Toronto) Has Chosen To Lean Heavily Toward Mastery Of The Core Theoretical Concepts Of Option Pricing. His Clearly-defined No-arbitrage Perspective Combining Algorithms, Analytical Modeling, And The Software Packages Most Widely Used In Managerial Finance Drives This Text Suitable For Advanced Business Courses. This Approach And The Cd-rom Modules Strive To Be Accessible, Though Familiarity With The Usual Prerequisites In Calculus, Statistics, And Financial Economics Is Assumed. Chapters Include Worked Examples, Plotted Values, Questions, And Problems. Annotation C. Book News, Inc., Portland, Or (booknews.com)