How Long to Read Modern Pricing of Interest-Rate Derivatives

How Long Does it Take to Read Modern Pricing of Interest-Rate Derivatives?

It takes the average reader 8 hours and 23 minutes to read Modern Pricing of Interest-Rate Derivatives by Riccardo Rebonato

Assuming a reading speed of 250 words per minute. Learn more

Description

In recent years, interest-rate modeling has developed rapidly in terms of both practice and theory. The academic and practitioners' communities, however, have not always communicated as productively as would have been desirable. As a result, their research programs have often developed with little constructive interference. In this book, Riccardo Rebonato draws on his academic and professional experience, straddling both sides of the divide to bring together and build on what theory and trading have to offer. Rebonato begins by presenting the conceptual foundations for the application of the LIBOR market model to the pricing of interest-rate derivatives. Next he treats in great detail the calibration of this model to market prices, asking how possible and advisable it is to enforce a simultaneous fitting to several market observables. He does so with an eye not only to mathematical feasibility but also to financial justification, while devoting special scrutiny to the implications of market incompleteness. Much of the book concerns an original extension of the LIBOR market model, devised to account for implied volatility smiles. This is done by introducing a stochastic-volatility, displaced-diffusion version of the model. The emphasis again is on the financial justification and on the computational feasibility of the proposed solution to the smile problem. This book is must reading for quantitative researchers in financial houses, sophisticated practitioners in the derivatives area, and students of finance.

How long is Modern Pricing of Interest-Rate Derivatives?

Modern Pricing of Interest-Rate Derivatives by Riccardo Rebonato is 488 pages long, and a total of 125,904 words.

This makes it 165% the length of the average book. It also has 154% more words than the average book.

How Long Does it Take to Read Modern Pricing of Interest-Rate Derivatives Aloud?

The average oral reading speed is 183 words per minute. This means it takes 11 hours and 28 minutes to read Modern Pricing of Interest-Rate Derivatives aloud.

What Reading Level is Modern Pricing of Interest-Rate Derivatives?

Modern Pricing of Interest-Rate Derivatives is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Modern Pricing of Interest-Rate Derivatives?

Modern Pricing of Interest-Rate Derivatives by Riccardo Rebonato is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Modern Pricing of Interest-Rate Derivatives by Riccardo Rebonato on Amazon click the button below.