Acknowledged author Rangarajan Sundaram wrote Derivatives (The Mcgraw-hill/Irwin Series in Finance, Insureance and Real Estate) comprising 960 pages back in 2015. Textbook and etextbook are published under ISBN 0078034736 and 9780078034732. Since then Derivatives (The Mcgraw-hill/Irwin Series in Finance, Insureance and Real Estate) textbook received total rating of 3.5 stars and was available to sell back to BooksRun online for the top buyback price of $28.33 or rent at the marketplace.
Derivatives makes a special effort throughout the text to explain what lies behind the formal mathematics of pricing and hedging. Questions ranging from ‘how are forward prices determined?’ to ‘why does the Black-Scholes formula have the form it does?’ are answered throughout the text. The authors use verbal and pictorial expositions, and sometimes simple mathematical models, to explain underlying principles before proceeding to formal analysis. Extensive uses of numerical examples for illustrative purposes are used throughout to supplement the intuitive and formal presentations.