This work offers a rigorous account of the mathematics of derivative pricing and a guide to applying these ideas to solve real pricing problems. It is aimed at practitioners and researchers who wish to understand the latest finance literature and develop their own pricing models, and at postgraduate students in mathematical finance, stochastic calculus, and derivatives pricing. Chapters are in sections devoted to the theory of mathematical finance and the practical side of building models for pricing derivatives. This revised edition contains new exercises with solutions. Hunt works in the private sector. Kennedy is affiliated with the University of Warwick, UK. Annotation ©2004 Book News, Inc., Portland, OR