Mastering Financial Calculations: A step-by-step guide to the mathematics of financial market instruments, Second edition

Introduction

The Aim of the Book

This book is aimed at the very many people in financial institutions, universities and elsewhere who will benefit from a solid grounding in the calculations behind the various financial instruments – dealers, treasurers, investors, programmers, students, auditors and risk managers – but who do not necessarily do complex mathematical puzzles for fun. There is also a strong emphasis on the mechanics, background and applications of all the various instruments.

Many dealers would claim to be able to perform their job – essentially buying and selling – very profitably, without using much maths. On the other hand, the different dealing areas in a bank overlap increasingly and it is essential to understand the basis for ...