Mastering Financial Calculations: A Step-By-Step Guide To The Mathematics Of Financial Market Instruments, Third Edition

Fully updated for today's newest products and calculations, Mastering Financial Calculations, Third Edition covers all the math financial professionals and students need to work with the full range of products in the capital markets, foreign exchange and money markets. Leading financial instructor Bob Steiner explains key financial concepts and mathematical techniques clearly and comprehensively, giving readers a firm understanding of the fundamentals even if they have weak mathematical backgrounds. Steiner begins with core concepts including discounting, net present value, effective yields and cash flow analysis. Next, using worked examples, he walks step-by-step through the essential calculations and financial techniques associated with money markets and futures, interest rate and currency swaps, bonds, foreign exchange, options, and more. This book will be an indispensable resource for every professional working with today's financial products, including traders, fund managers, corporate treasurers, accountants, and risk managers -- and for every student who wants to begin applying financial calculations with speed and confidence.