An Introduction to the Mathematics of Finance, 2nd ed

A Deterministic Approach

By
  • Stephen Garrett, University of Leicester, UK

An Introduction to the Mathematics of Finance: A Deterministic Approach, 2nd ed. offers a highly illustrated introduction to mathematical finance, with a special emphasis on interest rates. It follows the core subjects covered by the first professional exam required of UK actuaries, the CT1 exam. This new edition realigns the table of contents with the CT1 exam and includes sample questions from past exams of both The Actuarial Profession as well as the CFA Instiutute. With a wealth in terms of solved problems and interesting applications, An Introduction to the Mathematics of Finance stands alone in its ability to address the needs of its primary target audience, the actuarial student.

Audience
The primary audience is upper-division undergraduates and graduate students in the UK studying financial mathematics. They will typically be taking courses such as "Principles of Finance" and "Actuarial Finance." The secondary audience is upper-division undergraduates and graduate students studying financial mathematics.

Hardbound, 470 Pages

Published: July 2013

Imprint: Butterworth Heinemann

ISBN: 978-0-08-098240-3

Contents

    1. Introduction
    2. Theory of Interest Rates
    3. The Basic Compound Interest Functions
    4. Further Compound Interest Functions
    5. Repayment Schedules
    6. Project Appraisal and Investment Performance
    7. The Valuation of Securities
    8. Capital Gains Tax
    9. Yield Curves and Immunization

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