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Continuous Financial Processes

Published online by Cambridge University Press:  19 October 2009

R. E. Beckwith
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Extract

The arithmetic formulas appearing in the mathematics of finance are practically useless unless one has available either excellent tables and infinite patience, or working computer programs, a machine, and a budget. The present article shows how a number of useful topics in this area can be dealt with effectively by the more tractable mathematics of continuous processes. The methods yield approximate answers of high quality, and in some cases exact answers as well, with small effort, and have obvious applications in “truth in lending” investigations.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 3 , Issue 2 , June 1968 , pp. 113 - 133
Copyright
Copyright © School of Business Administration, University of Washington 1968

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