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# Bass – The Basics of Financial Mathematics

Bass – The Basics of Financial Mathematics

In this course we will study mathematical finance. Mathematical finance is not about predicting the price of a  stock. What it is about is figuring out the price of options  and derivatives.The most familiar type of option is the option to buy a stock at a given price at a given time. For example, suppose […] Bass - The Basics of Financial Mathematics

In this course we will study mathematical finance. Mathematical finance is not about predicting the price of a  stock. What it is about is figuring out the price of options  and derivatives.The most familiar type of option is the option to buy a stock at a given price at a given time. For example, suppose Microsoft is currently selling today at \$40 per share. A European call option is something I can buy that gives me the right to buy a share of  Microsoft at some future date. To make up an example, suppose I have an option that allows me to buy a share of Microsoft for \$50 in three months time, but does not compel me to do so. If Microsoft happens to be selling at \$45 in three months time, the option is worthless. I would be silly to buy a share for \$50 when I could call my broker and buy it for \$45. So I would choose not to exercise the option. On the other hand, if Microsoft is selling for \$60 three months from now, the option would be quite valuable.

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• عنوان مقاله : Bass - The Basics of Financial Mathematics
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