- Paperback: 416 pages
- Publisher: Financial Times/ Prentice Hall; 1 Updated edition (1999)
- Language English
- ISBN-10: 027362587X
- ISBN-13: 978-0273625872
- Product Dimensions: 17.2 x 2.3 x 24.4 cm
- Average Customer Review: 4.8 out of 5 stars See all reviews (8 customer reviews)
- Amazon Bestsellers Rank: 184,209 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis, and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets. The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties. Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator. Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace. The book includes essential course material and practice exercises for ACI qualifications.
From the Back Cover
Success in today’s sophisticated financial markets increasingly depends on a firm understanding of key financial concepts and mathematical techniques. This book explains them in a clear and comprehensive way for a wide audience.
Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets. The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties.
Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator.
Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace.
Inside This Book
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Customer Reviews
Most Helpful Customer Reviews
8 of 8 people found the following review helpful
Format:Paperback
You know a finance book is a good one when you see seasoned professionals keeping it on their shelves next to Hull (the derivatives book). Although very straight forward and deceptively simple, this book is probably all you need as a reference for your day-to-day calculations (and Hull will fill in for the rest). I have one at work and one at home. You should too!
4 of 4 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
Well, Steiner has produced a little gem!
As a Banking and Financial Management graduate, I must admit there was alot of financial calculations involved in my course!There were formulasthat you had to learn by heart and always use them when needed (especiallyduring exams)!
This book is the answer to every student's and professional's dreams andrequests! A book that contains MOST OF the mathematic formulas of FINANCEand presented in a simple way that enables every one to fully understandthem and use them right away!
If you want to have a killer combination, buy this book AND the Hull book(regarding financial derivatives) and have them somewhere in your shelvesfor easy and quick reference! I know I've done that and I am extremelyhappy about that!
And that's your troubles regarding financial formulas sorted!
An investment that should be made by every one that wants to knoweverything straight away!
Cheers,
Eleimon
As a Banking and Financial Management graduate, I must admit there was alot of financial calculations involved in my course!There were formulasthat you had to learn by heart and always use them when needed (especiallyduring exams)!
This book is the answer to every student's and professional's dreams andrequests! A book that contains MOST OF the mathematic formulas of FINANCEand presented in a simple way that enables every one to fully understandthem and use them right away!
If you want to have a killer combination, buy this book AND the Hull book(regarding financial derivatives) and have them somewhere in your shelvesfor easy and quick reference! I know I've done that and I am extremelyhappy about that!
And that's your troubles regarding financial formulas sorted!
An investment that should be made by every one that wants to knoweverything straight away!
Cheers,
Eleimon
4 of 4 people found the following review helpful
Format:Paperback
In its field this book is a rarity. It's short, it's to the point and it's useful. And somehow it makes obscure day-count conventions like 30(A)/360 easy to understand. This one will be in my top drawer for a long time. Marvellous.
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Most Recent Customer Reviews
With the beginner in mind
I obtained a copy of this books for preparations towards my treasury management exams (ACT). For me, most manuals in this area struggle combining the theory and maths of... Read more
Published on 11 Jan 2007 by A. Afriyie
Lots of Worked Calculations
There are many books out there with calculations in there but not that many with good worked examples, which is where this book differs. Worth the money.
Published on 10 July 2005 by M. Small
Amazing
Great book, indispensable in your day to day financial calculations. If you're really looking for a serious and straight to the point book in that matter, this is the book you're... Read more
Published on 4 Jun 2003 by Jose A Soria
fantastic!!!
The author found an easy and interesting way to explain the complexity of mathematics applied to financial market!! Everyone should have it!!!!
Published on 13 Aug 1998
Great
This book should have been published many years ago already !!!
Published on 19 Jun 1998
Listmania!
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