{"product_id":"financial-calculus-an-introduction-to-derivative-pricing-9780521552899","title":"Financial Calculus","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","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":50649811157266,"sku":"9780521552899","price":108.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_bfa6d018-0904-4ca7-a312-3d5b13c17282.jpg?v=1733274814","url":"https:\/\/surprise-castle.myshopify.com\/products\/financial-calculus-an-introduction-to-derivative-pricing-9780521552899","provider":"Surprise Castle","version":"1.0","type":"link"}