Factor Model Approach to Derivative Pricing

<p>Written in a highly accessible style <strong>A Factor Model Approach to Derivative Pricing</strong> lays a clear and structured foundation for the pricing of derivative securities based upon simple factor model related absence of arbitrage ideas. This unique and unifying approach provides for a broad treatment of topics and models including equity interest-rate and credit derivatives as well as hedging and tree-based computational methods but without reliance on the heavy prerequisites that often accompany such topics. </p><p>Whether being used as text for an intermediate level course in derivatives or by researchers and practitioners who are seeking a better understanding of the fundamental ideas that underlie derivative pricing readers will appreciate the book’s ability to unify many disparate topics and models under a single conceptual theme. </p>