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background

interest rate is probably the most important part in finance , maybe even more important than none-arbitradge . because interest rate means the money in different time means differently .

if you still ask why to every answer , after 5 or 6 times , you will come to an area , where there is a same question , and that question is probably the main idea of that subject .

in physics , you will meet dirac equation , they will tell you every thing is about to find a sammitry . in finance , it will be how to... read more

this file is simply used to test mathjax:

$\alpha_{\beta^{\gama}} * \sum_{1,2,3}^{456}$

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i’ll show sth basic in quant’s world –non-arbitradge-theory , through Convertiable Bond in Chinese market . this is also one of my homework , i hope this can help you understand the basic math structure in a quant’s world . during the ilustration , i assume you hve never met this area , but you should have a basic understanding about PDE . if you just have an interest in this area and a little knowledge about math , but don’t know where to start , follow me ,let’s go !

what is arbitradge

in the first beginning , i’ll start... read more