Financial Calculus: An Introduction to Derivative Pricing
by Martin Baxter, Andrew Rennie · Cambridge University Press
A compact bridge from binomial trees to continuous-time martingale pricing. Develops change of measure, the Girsanov theorem, and the Heath-Jarrow-Morton interest rate framework without heavy measure-theoretic machinery, favoring financial intuition over formal proof. Fills the level gap that otherwise kills people: Hull is too light on theory, Shreve demands measure theory.
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