An Introduction To The Mathematics Of Financial Derivatives, Second Edition (academic Press Advanced Finance)

The intuitive, step-by-step approach of this book makes it one of the most accessible, popular explanations of the mathematical models used to price derivatives. Neftci does not assume readers have thorough mathematical backgrounds, and the math is lucid and fresh. His explanations of financial calculus are remarkable for their simplicity and perception.

This popular text, publishing Spring 1999 in its Second Edition, introduces the mathematics underlying the pricing of derivatives. The increase of interest in dynamic pricing models stems from their applicability to practical situations: with the freeing of exchange, interest rates, and capital controls, the market for derivative products has matured and pricing models have become more accurate. Professor Neftci's book answers the need for a resource targeting professionals, Ph.D. students, and advanced MBA students who are specifically interested in these financial products. The Second Edition is designed to make the book the main text in first year masters and Ph.D. programs for certain courses, and will continue to be an important manual for market professionals.