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The first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities, this book explains, with mathematical precision and in a style tailored for market practitioners, such key concepts as martingales, change of measure, and the Heath-Jarrow-Morton model. A full Glossary of probabilistic and financial terms is provided along with graphical illustrations with realistic data.

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    • Title: Financial Calculus by Martin Baxter; Andrew Rennie
    • Publisher: Cambridge University Press
    • Print ISBN: 9780521552899, 0521552893
    • eText ISBN: 9781139636186
    • Edition: 1996 1st edition
    • Format: EPUB eBook
    $84.00
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