Mastering Financial Calculations: A Step-by-Step Guide to the Mathematics of Financial Market Instruments (Financial Times Series) (Paperback)

The lastest edition of Mastering Financial Calculations is the definitive guide to explaining key financial concepts and mathematical techniques in a clear and comprehensive manner.

New to this edition is its coverage on recent developments in financial instruments, with fully updated explanations on mastering the essential calculations and financial techniques behind the money markets. This includes discussions on interest rates and currency swaps, foreign exchange and cash flow analysis.

Whether you are a trader, fund manager, corporate treasurer, risk manager, or market student, this book gives you the knowledge to manipulate and apply these techniques with speed and confidence. 

The Mastering Series

are your practical guides to gaining the knowledge you need to succeed in the financial world. With the very latest practical examples, exercises and templates used throughout for ease of understanding, The Mastering Series covers every aspect of the topic from the basic essential skills you need to perform your job effectively to the more advanced skills to get you to the top. Written by practitioners for practitioners, these books give you just what you need - and nothing more - to succeed in finance. Several of the titles also come with companion CDs to allow you to put the book's ideas into action straightaway.

The Mastering Series: Practical, comprehensive, essential.

If you work in today’s financial markets, you need to master the maths

Mastering Financial Calculations is now an established classic, essential for anyone who works in finance. This second edition is a timely revision of the widely-used, hands-on guide to the maths behind every key financial instrument and technique.

• Financial market arithmetic – starting with the absolute basics
• Covers everything you need to know, from options pricing and interest rate and currency swaps to zero-coupon rates and foreign exchange
• Brand new chapters on gold and other commodities and repos, buy/sell-backs and securities lending

Success in today's sophisticated financial markets depends on a firm understanding of key financial concepts and mathematical techniques. Mastering Financial Calculations explains them in a clear, comprehensive way – so even if your mathematical background is limited, you'll thoroughly grasp what you need to know. Bob Steiner makes use of easy-to-follow worked examples and practical exercises to guide you through the fundamentals, making sure you’ve got the hang of these before walking you through the essential calculations behind the more advanced techniques that are widely used in the markets.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or student, the exceptional clarity of this book means you'll quickly gain the ability to manipulate and apply these techniques with speed, accuracy and confidence.