Description 
xxi, 847 pages : illustrations ; 26 cm + 1 computer disc 

4 3/4 in 
Contents 
1. Introduction  2. Mechanics of futures markets  3. Hedging strategies using futures  4. Interest rates  5. Determination of forward and futures prices  6. Interest rate futures  7. Swaps  8. Securitization and the Credit Crisis of 2007  9. Mechanics of options markets  10. Properties of stock options  11. Trading strategies involving options  12. Binomial trees  13. Wiener processes and ito's lemma  14. The blackscholesmerton model  15. Employee stock options  16. Options on stock indices and currencies  17. Options on futures  18. Greek letters  

19. Volatility smiles  20. Basic numerical procedures  21. Value at risk  22. Estimating volatilities and correlations  23. Credit risk  24. Credit derivatives  25. Exotic options  26. More on models and numerical procedures  27. Martingales and measures  28. Interest rate derivatives: the standard market models  29. Convexity, timing, and quanto adjustments  30. Interest rate derivatives: models of the short rate  31. Interest rate derivatives: hjm and lmm  32. Swaps revisited  33. Energy and commodity derivatives  34. Real options  35. Derivatives mishaps and what we can learn from them  36. Derivatives markets in developing countries 
Summary 
Designed to bridge the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics. The eighth edition has been updated and improvedfeaturing a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued 
Notes 
Previous edition: Upper Saddle River, N.J.: Pearson Prentice Hall, 2009 
Bibliography 
Includes bibliographical references and index 
Notes 
CDROM access requires Microsoft Excel or Open Office for *.xls and *.ods files. Users should read the readme.txt file before using the disc 
Subject 
Derivative securities  Problems, exercises, etc.


Derivative securities.


Futures.


Investments.


Options (Finance)


Securities.


Stock options.

Genre/Form 
Problems and exercises.

ISBN 
0273759078 

9780273759072 (paperback) 
