Mastering Financial Calculations : A Step-by-Step Guide to the Mathematics of Financial Market Instruments

Author: Robert Steiner
List Price: $39.95
Our Price: Click to see the latest and low price
ISBN: 027362587X
Publisher: Financial Times Prentice Hall (15 December, 1997)
Sales Rank: 25,675
Average Customer Rating: 5 out of 5

Customer Reviews

Rating: 5 out of 5
Concise, informative & well communicated to intended readers
I am using the most recent edition (1999, ISBN027362587X) of this excellent book published by FT Prentice Hall.

This book is a concise and informative guide to the concepts and mechanics (maths) and application of financial instruments.

The author has managed to cover the wide area of financial instruments and business maths in the most concise and informative manner possible.

The added bonus of this book is that it could have been "unintentionally" written as a companion with HP financial calculator-the HP12c and the HP19BII.

As a new owner of the HP12c, I have found this book to be an excellent and indispensible guide and workbook.

Working through the examples in the book with my HP12c has helped me familarise with the RPN mode/logic of performing financial maths at the same time as I apply my understanding of the underlying concepts to the exercise questions and illustrative examples.

I am impressed that the author had even included detailed key strokes of both the HP 12c and 19BII calculators with each illustrated examples and answers to practice questions as well! Although there is afew minor errors but the overall effort is great efforts and attention to details.

This book is really true to its name, I would certainly recommend Mr Steiner's excellent work and effort to anyone who needs a refresher or an introductory course into financial instruments for both work and study.

Judging by the author's excellent effort, it would be difficult for the author himself to improve on his own work unless there are major new developments in the subject matter or if the author wishes to cover more complex and specialist areas.

A five star+ effort in my humble opinion.


Rating: 5 out of 5
A must in your bookshelf
One of the best titles you can get about pricing swaps and simple options and many other money market stuff. A lot of excersises with solutions. I dont know how this book isnt a best-seller yet.


Rating: 5 out of 5
One of the best I've encountered
As a liberal arts major who was not a math pro but had an interest in learning the tools of finance, this book was a dream come true. It explains every calculation simply and without any technical (and incomprehensible) jargon found in many textbooks. It includes examples, hints, and a glossary of important financial concepts. If you are willing to learn, then this book is for you. A good reference tool for even pros. A bit expensive but NOT sorry to have bought it.

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