This book presents techniques for valuing derivative securities at a level suitable for practitioners, students in doctoral programs in economics and finance, a

The third edition updates the text in two significant ways. First, it updates the presentation to reflect changes that have occurred in financial markets since

This book presents techniques for valuing derivative securities at a level suitable for practitioners, students in doctoral programs in economics and finance, a

Accessible and intuitive, Derivative Securities offers advanced undergraduates, MBA students, and executives the theory and practical tools needed to price and

This book is mainly devoted to finite difference numerical methods for solving partial differential equations (PDEs) models of pricing a wide variety of financi