A Financial Bestiary
This is an applied book, using the bare minimum of mathematics to give a good understanding of finance. It is ideal for people just starting out in their financial career or those who have some financial experience who want to broaden and refresh their knowledge. A bestiary was a medieval book containing pictures and descriptions of mythical beasts each with its own moral tale to edify the reader. This is a bestiary of finance, and as such starts with a picture book of jobs and traded instruments in finance. Then the "Foundations" section sets out the broad picture of who does what and why in financial markets. Finally there are detailed chapters on financial instruments grouped into sections on "Fixed Income," "Credit," and "Forwards, Futures and Options." The book contains many figures and fully worked exercises to clarify the concepts.
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Forwards Futures Options
Call and Put Options
Option Pricing Risk
Option Strategies Structured Notes
A Interest Calculations
amount asset swap basis points Black-Scholes Bloomberg borrowing buyer calculate call and put call option call spread capital carry rate cash flows contract convertible corporate correlation cost coupon payment credit default swap credit risk credit spread currency day count convention debt decreases delta discount factor dividend dollar equation equity example exchange Exercise expiry Figure fixed coupon bond floater floating leg floating payment forward price forward rate gamma government bonds hedge fund increase inflation interest rate risk interest rate swap investment banks investor issue issuer Kazakhmys LIBOR Macaulay duration margin market maker means mortgages normal distribution notional payoff portfolio position present value principal protection put option receive sell sensitivity share price spot price Sprocket stock price swap curve swap rate term three month trade tranche Treasury underlying volatility yield curve zero coupon bond zero rate