Mastering Financial Calculations (3^rd Ed.) A step-by-step guide to the mathematics of financial market instruments The Mastering Series

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.

Mastering Financial Calculations starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields, and cash flow analysis. Next, walk step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options, and more. Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.

Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager, or market student, you'll gain the ability to manipulate and apply these techniques with speed and confidence. 

• Part 1 The Basics
• Chapter 1:     Financial Arithmetic Basics
• Part 2 Interest Rate Instruments
• Chapter 2:  The Money Market
• Chapter 3:     Forward-Forwards and Forward Rate Agreements
• Chapter 4:     Interest Rate Structures
• Chapter 5:     Bond Market Calculations
• Chapter 6:     Repos, But/Sell-backs and Securities Lending
• Chapter 7:     Zero-Coupon Rates and Yield Curves
• Part 3 Foreign Exchange
• Chapter 8:     Foreign Exchange
• Part 4 Swaps and Options
• Chapter 9:     Interest Rate and Currency Swaps
• Chapter 10:   Options
• Part 5 Gold and other commodities
• Chapter 11:   Gold and other commodities
• Part 6  Hints and Answers to Exercises
• Chapter 12:   Hints and Answers to Exercises

Bob Steiner is the founder/managing director of Markets International, an independent training company. A former treasury officer and financial consultant he’s also the author of Key Financial Market Concepts, now in its second edition.

This book gives readers a firm understanding of key financial concepts and mathematical techniques, explaining them in a clear, comprehensive way. Even those with a limited mathematical background will thoroughly grasp what they need to know.

Beginning by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cash flow analysis, it continues by walking readers step-by-step through the essential calculations and financial techniques behind money markets and futures, zero-coupon analysis, interest rate and currency swaps, bonds, foreign exchange, options and more.

Making use of many worked examples and practical exercises, the book explains challenging concepts such as forward pricing, duration analysis, swap valuation, and option pricing - all with exceptional clarity.

Whether a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give readers the ability to manipulate and apply these techniques with speed and confidence. 

Includes essential course material and practice exercises for ACI qualifications.

The new edition of this book has been updated throughout.

Market: The Business Finance market was worth over £2.6 million in 2010. Pearson is the third largest publisher in this market, with 12.5% market share.

Benchmark: Mastering Financial Calculations (9780273625872, 9780273704447), First published 1999, Life Sales: 7,322 (TCM Nielsen Bookscan)