What is the best Mathematical Finance book for Beginners? and Summer Minnick and Shea Charles at Michigan Senate Finance Hearing

What is the best Mathematical Finance book for Beginners?

I am taking a class on mathematical finance (Discrete Time Models in Financial Math). However, the textbook for the class is very brief and barely explains any concepts. What is the best Mathematical finance book I can buy which covers forwards, futures and options, interest rates, managing risk using hedging, binomial and multiple period trees, bond models, numerial methods to price options.

OR are all books on these topics not good? I need a book that explains stuff instead of just stating formulas and stuff.


Finance best answer:

Answer by Andrew
your best bet is definitely not barnes and noble etc. I highly reccomend going to any local college bookstore, such as your Local 4 year college- i would say your local county college, but chances are they dont offer many finance courses. Go to a 4 year university and buy their Corporate finance book. it will cover everything you need to know, and give you insight into some other topics that you may choose to study more indepth.

Finance

Summer Minnick and Shea Charles at Michigan Senate Finance Hearing


Image by Michigan Municipal League (MML)
The Michigan Senate Finance committee Thusday, Nov. 4, 2010 took testimony on a package of bills that the League has been pushing for a couple of years. The League's Summer Minnick, Director of State Affairs for the League, testified along with Shea Charles, City Manager of Howell and Chair of the League's Municipal Finance committee as well as Beach Hall, Mayor of Rogers City on the importance of these bills. The bills, HBs 5550 - 5554 would, generally speaking, allow local communities the opportunity to refinance existing non-voted debt in order to better handle challenging fiscal times. Many communties have expressed an interest in these bills and the committee hearing is a great step forward in this process. The bills have already passed the House. There was a substitute adopted that made minor changes to the approval process and we now are optimistic that the bills will be passed at the next Senate Finance committee next week. This is one of the League's lame duck priorities and we are hopeful we can get the legislature to provide some tools for struggling municipalities before the end of this session! For more about the League and what we do go to mml.org. For additional blog posts by Summer Minnick and other League staff go here: www.mml.org/advocacy/inside208

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