TY - BOOK AU - Goodman, Victor, AU - Goodman, Victor, AU - Goodman, Victor, TI - The Mathematics of Finance: : modeling and hedging T2 - Brooks/Cole series in advanced mathematics SN - 9780821891780 U1 - 510 GOO PY - 1943/// CY - Island PB - :American Mathematical Society KW - Economics KW - Financial economics KW - Hedging (Finance) KW - Marché financier -- Modèles mathématiques KW - Couverture (Finances) N1 - Financial Markets -- Markets and Math -- Stocks and Their Derivatives -- Forward Stock Contracts -- Call Options -- Put Options -- Short Selling -- Pricing Futures Contracts -- Bond Markets -- Rates of Return -- The U.S. Bond Market -- Interest Rates and Forward Interest Rates -- Yield Curves -- Interest Rate Futures -- Determining the Futures Price -- Treasury Bill Futures -- Foreign Exchange -- Currency Hedging -- Computing Currency Futures -- Binomial Trees, Replicating Portfolios, and Arbitrage -- Three Ways to Price a Derivative -- The Game Theory Method -- Eliminating Uncertainty -- Valuing the Option -- Arbitrage -- The Game Theory Method--A General Formula -- Replicating Portfolios -- The Context -- A Portfolio Match -- Expected Value Pricing Approach -- How to Remember the Pricing Probability -- The Probabilistic Approach -- Risk -- Repeated Binomial Trees and Arbitrage -- Appendix: Limits of the Arbitrage Method -- Tree Models for Stocks and Options -- A Stock Model -- Recombining Trees -- Chaining and Expected Values -- Pricing a Call Option with the Tree Model -- Pricing an American Option -- Pricing an Exotic Option--Knockout Options -- Pricing an Exotic Option--Lookback Options -- Adjusting the Binomial Tree Model to Real-World Data -- Hedging and Pricing the N-Period Binomial Model -- Using Spreadsheets to Compute Stock and Option Trees -- Some Spreadsheet Basics -- Computing European Option Trees -- Computing American Option Trees -- Computing a Barrier Option Tree -- Computing N-Step Trees N2 - Explains basic financial and mathematical concepts used in modeling and hedging. Each topic is introduced with the assumption that the reader has little to no previous exposure to financial matters or to the activities that are common to major equity markets. Contains chapters on financial markets ER -