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A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance.

Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB--the powerful numerical computing environment--for financial applications.