Derivative Markets 2/e (絕)
- 20本以上，享 8.5折
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$
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- 一般書籍
- ISBN：9780321311498
- 作者：Robert L. McDonald
- 版次：2
- 年份：2006
- 出版商：Pearson Education
- 頁數/規格：964頁
書籍介紹
本書特色
目錄
Description
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 Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of 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 Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.
Features
- Concrete Applications complement the pricing discussions. Chapters on financial engineering, corporate applications, and real options all address practical problems.
- An emphasis on core economic principles helps students develop a deeper, more intuitive understanding of derivatives markets and instruments. For example, the idea that options are a form of insurance is presented at the outset.
- Integrated treatment of forward contracts and options. The initial chapters cover both forwards and options, illustrating how they are used and incorporating an extended example of hedging by gold-mining and gold-buying firms. This approach helps to unify option pricing; in particular, it makes it clear that the formula for pricing stock options is the same as the formula for pricing currency options.
- Formulas are motivated, placed in context, and explained intuitively. The goal is to help students build intuition about pricing models through their applications so they can know when a price does not make sense and why. The author provides the student with a framework for thinking about commonality among various derivative instruments.
- The Theme of Applied Computation is emphasized. Using the pre-programmed Excel spreadsheets that are packaged with the book, students can become more comfortable and fluent with pricing models and their use in spreadsheets, even before they understand the precise mathematical underpinnings.
Table of Contents
Chapter 1 Introduction to Derivatives
Part I Insurance, Hedging, and Simple Strategies
Chapter 2 An Introduction to Forwards and Options
Chapter 3 Insurance, Collars, and Other Strategies
Chapter 4 Introduction to Risk Management
Part II Forwards, Futures, and Swaps
Chapter 5 Financial Forwards and Futures
Chapter 6 Commodity Forwards and Futures
Chapter 7 Interest Rates Forwards and Futures
Chapter 8 Swaps
Part III Options
Chapter 9 Parity and Other Option Relationships
Chapter 10 Binomial Option Pricing: I
Chapter 11 Binomial Option Pricing: II
Chapter 12 The Black-Scholes Formula
Chapter 13 Market-Making and Delta-Hedging
Chapter 14 Exotic Options: I
Part IV Financial Engineering and Applications
Chapter 15 Financial Engineering and Security Design
Chapter 16 Corporate Applications
Chapter 17 Real Options
Part V Advanced Pricing Theory
Chapter 18 The Lognormal Distribution
Chapter 19 Monte Carlo Valuation
Chapter 20 Brownian Motion and Ito’s Lemma
Chapter 21 The Black-Scholes Equation
Chapter 22 Exotic Options: II
Chapter 23 Interest Rate Models
Chapter 24 Risk Assessment
Chapter 25 Credit Risk
Chapter 26 Volatility
Chapter 1 Introduction to Derivatives
Part I Insurance, Hedging, and Simple Strategies
Chapter 2 An Introduction to Forwards and Options
Chapter 3 Insurance, Collars, and Other Strategies
Chapter 4 Introduction to Risk Management
Part II Forwards, Futures, and Swaps
Chapter 5 Financial Forwards and Futures
Chapter 6 Commodity Forwards and Futures
Chapter 7 Interest Rates Forwards and Futures
Chapter 8 Swaps
Part III Options
Chapter 9 Parity and Other Option Relationships
Chapter 10 Binomial Option Pricing: I
Chapter 11 Binomial Option Pricing: II
Chapter 12 The Black-Scholes Formula
Chapter 13 Market-Making and Delta-Hedging
Chapter 14 Exotic Options: I
Part IV Financial Engineering and Applications
Chapter 15 Financial Engineering and Security Design
Chapter 16 Corporate Applications
Chapter 17 Real Options
Part V Advanced Pricing Theory
Chapter 18 The Lognormal Distribution
Chapter 19 Monte Carlo Valuation
Chapter 20 Brownian Motion and Ito’s Lemma
Chapter 21 The Black-Scholes Equation
Chapter 22 Exotic Options: II
Chapter 23 Interest Rate Models
Chapter 24 Risk Assessment
Chapter 25 Credit Risk
Chapter 26 Volatility
