{"product_id":"financial-calculus-martin-baxter-9780521552899","title":"Financial Calculus: An Introduction to Derivative Pricing","description":"Here is the first rigorous and accessible account of the mathematics behind the pricing, construction, and hedging of derivative securities. With mathematical precision and in a style tailored for market practioners, the authors describe key concepts such as martingales, change of measure, and the Heath-Jarrow-Morton model. Starting from discrete-time hedging on binary trees, the authors develop continuous-time stock models (including the Black-Scholes method). They stress practicalities including examples from stock, currency and interest rate markets, all accompanied by graphical illustrations with realistic data. The authors provide a full glossary of probabilistic and financial terms.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Martin Baxter, Andrew Rennie\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0521552893\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780521552899\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cambridge University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/19\/1996\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 244\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.27lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.40h x 6.46w x 0.72d","brand":"Martin Baxter","offers":[{"title":"Hardcover","offer_id":43946726719743,"sku":"9780521552899","price":105.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_7d6cd9eb-33e4-48f8-8d36-282ea5cbecb7.jpg?v=1681514789","url":"https:\/\/www.whiterainbookhouse.com\/products\/financial-calculus-martin-baxter-9780521552899","provider":"WR Book House","version":"1.0","type":"link"}