
Derivatives Markets
Description
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For courses in options, futures, and derivatives.
To be financially literate in today's market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The 3rd Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasises the core economic principles underlying the pricing and uses of derivatives.
The 3rd edition has been updated to include new data and examples throughout.
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Content
- 1 Introduction to Derivatives
PART ONE INSURANCE, HEDGING, AND SIMPLE STRATEGIES
- 2 An Introduction to Forwards and Options
- 3 Insurance, Collars, and Other Strategies
- 4 Introduction to Risk Management
PART TWO FORWARDS, FUTURES, AND SWAPS
- 5 Financial Forwards and Futures
- 6 Commodity Forwards and Futures
- 7 Interest Rate Forwards and Futures
- 8 Swaps
PART THREE OPTIONS
- 9 Parity and Other Option Relationships
- 10 Binomial Option Pricing: Basic Concepts
- 11 Binomial Option Pricing: Selected Topics
- 12 The Black-Scholes Formula
- 13 Market-Making and Delta-Hedging
- 14 Exotic Options: I
PART FOUR FINANCIAL ENGINEERING AND APPLICATIONS
- 15 Financial Engineering and Security Design
- 16 Corporate Applications
- 17 Real Options
PART FIVE ADVANCED PRICING THEORY AND APPLICATIONS
- 18 The Lognormal Distribution
- 19 Monte Carlo Valuation
- 20 Brownian Motion and Ito's Lemma
- 21 The Black-Scholes-Merton Equation
- 22 Risk-Neutral and Martingale Pricing
- 23 Exotic Options: II
- 24 Volatility
- 25 Interest Rate and Bond Derivatives
- 26 Value at Risk
- 27 Credit Risk
System requirements
File format: PDF
Copy-Protection: Adobe-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Install the free reader Adobe Digital Editions prior to download (see eBook Help).
- Tablet/smartphone (Android; iOS): Install the free app Adobe Digital Editions or the app PocketBook before downloading (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (only limited: Kindle).
The file format PDF always displays a book page identically on any hardware. This makes PDF suitable for complex layouts such as those used in textbooks and reference books (images, tables, columns, footnotes). Unfortunately, on the small screens of e-readers or smartphones, PDFs are rather annoying, requiring too much scrolling.
This eBook uses Adobe-DRM, a „hard” copy protection. If the necessary requirements are not met, unfortunately you will not be able to open the eBook. You will therefore need to prepare your reading hardware before downloading.
Please note: We strongly recommend that you authorise using your personal Adobe ID after installation of any reading software.
For more information, see our eBook Help page.
File format: PDF
Copy protection: Watermark-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Use the free software Adobe Reader, Adobe Digital Editions, or any other PDF viewer of your choice (see eBook Help).
- Tablet/Smartphone (Android; iOS): Install the free app Adobe Digital Editions or another reading app for eBooks, e.g., PocketBook (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (only limited: Kindle).
The file format PDF always displays a book page identically on any hardware. This makes PDF suitable for complex layouts such as those used in textbooks and reference books (images, tables, columns, footnotes). Unfortunately, on the small screens of e-readers or smartphones, PDFs are rather annoying, requiring too much scrolling.
This eBook uses Watermark-DRM, a „soft” copy protection. This means that there are no technical restrictions to prevent illegal distribution. However, there is a personalised watermark embedded in the eBook that can be used to identify the purchaser of the eBook in the event of misuse and to provide evidence for legal purposes.
For more information, see our eBook Help page.