金融数值计算程序.ppt

CHAPTER 1products and markets In this Chapter the time value of money an introduction to equities, commodities, currencies and indices fixed and floating interest rates futures and forwards no-arbitrage, one of the main building blocks of finance theory The simplest concept in finance is that of the time value of money; $1 today is worth more than $1 in a year’s time. This is because of all the things we can do with $1 over the next year. Simple interest is when the interest you receive is based only on the amount you invest initially, whereas compound interest is when you also get inter