November 2011
Beginner
576 pages
13h 31m
English
book
Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives
by Sunil Parameswaran
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APPENDIX 2
We will derive the expression for y given that
From the above expression, when we expand the terms we get
This is a quadratic equation of the form
The roots are given by
Substituting the appropriate values for a, b, and c, and simplifying, we get,
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