Format:
Online Ressource (XII, 450 S.)
,
illustrations.
Edition:
2. ed.
Edition:
Online-Ausg. Online-Ausg
ISBN:
9780080982403
Content:
Machine generated contents note: 1.1.The Concept of Interest -- 1.2.Simple Interest -- 1.3.Compound Interest -- 1.4.Some Practical Illustrations -- Summary -- 2.1.The Rate of Interest -- 2.2.Nominal Rates of Interest -- 2.3.Accumulation Factors -- 2.4.The Force of Interest -- 2.5.Present Values -- 2.6.Present Values of Cash Flows -- 2.7.Valuing Cash Flows -- 2.8.Interest Income -- 2.9.Capital Gains and Losses, and Taxation -- Summary -- Exercises -- 3.1.Interest Rate Quantities -- 3.2.The Equation of Value -- 3.3.Annuities-certain: Present Values and Accumulations -- 3.4.Deferred Annuities -- 3.5.Continuously Payable Annuities -- 3.6.Varying Annuities -- 3.7.Uncertain Payments -- Summary -- Exercises -- 4.1.Interest Payable pthly -- 4.2.Annuities Payable pthly: Present Values and Accumulations -- 4.3.Annuities Payable at Intervals of Time r, Where r 〉 1 -- 4.4.Definition of an(p) for Non-integer Values of n -- Summary -- Exercises -- 5.1.The General Loan Schedule -- 5.2.The Loan Schedule for a Level Annuity -- 5.3.The Loan Schedule for a pthly Annuity -- 5.4.Consumer Credit Legislation -- Summary -- Exercises -- 6.1.Net Cash Flows -- 6.2.Net Present Values and Yields -- 6.3.The Comparison of Two Investment Projects -- 6.4.Different Interest Rates for Lending and Borrowing -- 6.5.Payback Periods -- 6.6.The Effects of Inflation -- 6.7.Measurement of Investment Fund Performance -- Summary -- Exercises -- 7.1.Fixed-Interest Securities -- 7.2.Related Assets -- 7.3.Prices and Yields -- 7.4.Perpetuities -- 7.5.Makeham's Formula -- 7.6.The Effect of the Term to Redemption on the Yield -- 7.7.Optional Redemption Dates -- 7.8.Valuation between Two Interest Dates: More Complicated Examples -- 7.9.Real Returns and Index-linked Stocks -- Summary -- Exercises -- 8.1.Valuing a Loan with Allowance for Capital Gains Tax -- 8.2.Capital Gains Tax When the Redemption Price or the Rate of Tax is Not Constant -- 8.3.Finding the Yield When There is Capital Gains Tax -- 8.4.Optional Redemption Dates -- 8.5.Offsetting Capital Losses Against Capital Gains -- Summary -- Exercises -- 9.1.Spot and Forward Rates -- 9.2.Theories of the Term Structure of Interest Rates -- 9.3.The Discounted Mean Term of a Project -- 9.4.Volatility -- 9.5.The Volatility of Particular Fixed-interest Securities -- 9.6.The Matching of Assets and Liabilities -- 9.7.Redington's Theory of Immunization -- 9.8.Full Immunization -- Summary -- Exercises -- 10.1.Futures Contracts -- 10.2.Margins and Clearinghouses -- 10.3.Uses of Futures -- 10.4.Forwards -- 10.5.Arbitrage -- 10.6.Calculating the Forward Price -- 10.7.Calculating the Value of a Forward Contract Prior to Maturity -- 10.8.Eliminating the Risk to the Short Position -- Summary -- Exercises -- 11.1.Swaps -- 11.2.Options -- 11.3.Option Payoff and Profit -- 11.4.An Introduction to European Option Pricing -- 11.5.The Black-Scholes Model -- 11.6.Trading Strategies Involving European Options -- Summary -- Exercises -- 12.1.Introductory Examples -- 12.2.Independent Annual Rates of Return -- 12.3.The Log-Normal Distribution -- 12.4.Simulation Techniques -- 12.5.Random Number Generation -- 12.6.Dependent Annual Rates of Return -- 12.7.An Introduction to the Application of Brownian Motion -- Summary -- Exercises
Note:
"A revision of the original 'An introduction to the mathematics of finance' by J.J. McCutcheon and W.F. Scott."--Preface. - "Published for the Institute and Faculty of Actuaries (RC000243). - Includes bibliographical references (pages 441-442) and index
,
"Published for the Institute and Faculty of Actuaries (RC000243)
,
Includes bibliographical references (pages 441-442) and index
,
Machine generated contents note: 1.1.The Concept of Interest1.2.Simple Interest -- 1.3.Compound Interest -- 1.4.Some Practical Illustrations -- Summary -- 2.1.The Rate of Interest -- 2.2.Nominal Rates of Interest -- 2.3.Accumulation Factors -- 2.4.The Force of Interest -- 2.5.Present Values -- 2.6.Present Values of Cash Flows -- 2.7.Valuing Cash Flows -- 2.8.Interest Income -- 2.9.Capital Gains and Losses, and Taxation -- Summary -- Exercises -- 3.1.Interest Rate Quantities -- 3.2.The Equation of Value -- 3.3.Annuities-certain: Present Values and Accumulations -- 3.4.Deferred Annuities -- 3.5.Continuously Payable Annuities -- 3.6.Varying Annuities -- 3.7.Uncertain Payments -- Summary -- Exercises -- 4.1.Interest Payable pthly -- 4.2.Annuities Payable pthly: Present Values and Accumulations -- 4.3.Annuities Payable at Intervals of Time r, Where r 〉 1 -- 4.4.Definition of an(p) for Non-integer Values of n -- Summary -- Exercises -- 5.1.The General Loan Schedule -- 5.2.The Loan Schedule for a Level Annuity -- 5.3.The Loan Schedule for a pthly Annuity -- 5.4.Consumer Credit Legislation -- Summary -- Exercises -- 6.1.Net Cash Flows -- 6.2.Net Present Values and Yields -- 6.3.The Comparison of Two Investment Projects -- 6.4.Different Interest Rates for Lending and Borrowing -- 6.5.Payback Periods -- 6.6.The Effects of Inflation -- 6.7.Measurement of Investment Fund Performance -- Summary -- Exercises -- 7.1.Fixed-Interest Securities -- 7.2.Related Assets -- 7.3.Prices and Yields -- 7.4.Perpetuities -- 7.5.Makeham's Formula -- 7.6.The Effect of the Term to Redemption on the Yield -- 7.7.Optional Redemption Dates -- 7.8.Valuation between Two Interest Dates: More Complicated Examples -- 7.9.Real Returns and Index-linked Stocks -- Summary -- Exercises -- 8.1.Valuing a Loan with Allowance for Capital Gains Tax -- 8.2.Capital Gains Tax When the Redemption Price or the Rate of Tax is Not Constant -- 8.3.Finding the Yield When There is Capital Gains Tax -- 8.4.Optional Redemption Dates -- 8.5.Offsetting Capital Losses Against Capital Gains -- Summary -- Exercises -- 9.1.Spot and Forward Rates -- 9.2.Theories of the Term Structure of Interest Rates -- 9.3.The Discounted Mean Term of a Project -- 9.4.Volatility -- 9.5.The Volatility of Particular Fixed-interest Securities -- 9.6.The Matching of Assets and Liabilities -- 9.7.Redington's Theory of Immunization -- 9.8.Full Immunization -- Summary -- Exercises -- 10.1.Futures Contracts -- 10.2.Margins and Clearinghouses -- 10.3.Uses of Futures -- 10.4.Forwards -- 10.5.Arbitrage -- 10.6.Calculating the Forward Price -- 10.7.Calculating the Value of a Forward Contract Prior to Maturity -- 10.8.Eliminating the Risk to the Short Position -- Summary -- Exercises -- 11.1.Swaps -- 11.2.Options -- 11.3.Option Payoff and Profit -- 11.4.An Introduction to European Option Pricing -- 11.5.The Black-Scholes Model -- 11.6.Trading Strategies Involving European Options -- Summary -- Exercises -- 12.1.Introductory Examples -- 12.2.Independent Annual Rates of Return -- 12.3.The Log-Normal Distribution -- 12.4.Simulation Techniques -- 12.5.Random Number Generation -- 12.6.Dependent Annual Rates of Return -- 12.7.An Introduction to the Application of Brownian Motion -- Summary -- Exercises.
,
Online-Ausg.
Additional Edition:
ISBN 0080982409
Additional Edition:
Druckausg. Garrett, Stephen J. An introduction to the mathematics of finance Amsterdam, 2013 ISBN 9780080982403
Additional Edition:
Druckausg. Garrett, Stephen J.: An introduction to the mathematics of finance
Language:
English
Subjects:
Economics
Keywords:
Finanzmathematik
;
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;
Electronic books
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