Fundamentals of Futures and Options Markets 6/e (絕)
- 20本以上，享 8.5折
售價
$
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- 一般書籍
- ISBN：9780131354180
- 作者：Hull
- 版次：6
- 年份：2007
- 出版商：Pearson Education
書籍介紹
本書特色
目錄
Description
For students of Business, Economics or Math
From an author with a large amount of “real-world” experience, this is a reader-friendly book with lots of numerical examples and accounts of real-life situations.
For students of Business, Economics or Math
From an author with a large amount of “real-world” experience, this is a reader-friendly book with lots of numerical examples and accounts of real-life situations.
New to this Edition
Many changes have been made to update material and improve the presentation. For example:
1. Material on hedge funds has been included in Chapter 1.
2. Chapter 4 contains a more detailed description of liquidity preference theory and how banks manage net interest income.
3. Chapter 7 contains material on different types of swaps as many instructors like to cover this immediately after plain vanilla interest rate and currency swaps are explained.
4. Chapters 8 and 12 contain more material on executive stock options. Issues such as backdating and valuation are quite topical and I find that students enjoy discussing them.
5. Chapter 11 contains more material on the use of binomial trees for options on indices, currencies, and futures as many instructors like to cover this when binomial trees are first introduced.
6. Chapter 13 has been restructured. It first gives examples of how index and currency options are used and then covers valuation issues. This makes the chapter more palatable for students.
7. Chapter 14 covers in more detail how Black's model is used as an alternative to Black--Scholes for valuing a wide range of European options.
8. Chapter 15 now explains Greek letters using options on a non-dividend paying stock. Formulas for the Greek letters for other types of options are given in a table toward the end of the chapter.
9. In Chapter 17 the explanation of why the volatility smile for a call option is the same as that for a put option when both have the same maturity has been moved to an appendix. This makes it easier for students to get to grips with the material in the chapter.
10. The material on credit derivatives in Chapter 21 has been updated to include information on CDX, iTraxx, and single tranche trading.
11. Two sorts of boxes are now used to highlight material. One is for Business Snapshots; the other (with rounded corners) is for numerical examples.
12. I have made one small change in the notation concerning the symbol f, which denotes a normal distribution. As is the usual practice, the second argument of f is now the variance rather than the standard deviation of the distribution.
Many changes have been made to update the book and improve way material is explained
Many changes have been made to update material and improve the presentation. For example:
1. Material on hedge funds has been included in Chapter 1.
2. Chapter 4 contains a more detailed description of liquidity preference theory and how banks manage net interest income.
3. Chapter 7 contains material on different types of swaps as many instructors like to cover this immediately after plain vanilla interest rate and currency swaps are explained.
4. Chapters 8 and 12 contain more material on executive stock options. Issues such as backdating and valuation are quite topical and I find that students enjoy discussing them.
5. Chapter 11 contains more material on the use of binomial trees for options on indices, currencies, and futures as many instructors like to cover this when binomial trees are first introduced.
6. Chapter 13 has been restructured. It first gives examples of how index and currency options are used and then covers valuation issues. This makes the chapter more palatable for students.
7. Chapter 14 covers in more detail how Black's model is used as an alternative to Black--Scholes for valuing a wide range of European options.
8. Chapter 15 now explains Greek letters using options on a non-dividend paying stock. Formulas for the Greek letters for other types of options are given in a table toward the end of the chapter.
9. In Chapter 17 the explanation of why the volatility smile for a call option is the same as that for a put option when both have the same maturity has been moved to an appendix. This makes it easier for students to get to grips with the material in the chapter.
10. The material on credit derivatives in Chapter 21 has been updated to include information on CDX, iTraxx, and single tranche trading.
11. Two sorts of boxes are now used to highlight material. One is for Business Snapshots; the other (with rounded corners) is for numerical examples.
12. I have made one small change in the notation concerning the symbol f, which denotes a normal distribution. As is the usual practice, the second argument of f is now the variance rather than the standard deviation of the distribution.
Many changes have been made to update the book and improve way material is explained
Table of Contents
1.Introduction
2.Mechanics of Futures and Forward Markets
3.Hedging Strategies Using Futures
4.Interest Rates
5.Determination of Forward and Futures Prices
6.Interest Rate Futures
7.Swaps
8.Mechanics of Options Markets
9.Properties of Stock Options
10.Trading Strategies Involving Options
11.Introduction to Binomial Trees
12.Valuing Stock Options: The Black-Scholes Model
13.Options on Stock Indices and Currencies
14.Futures Options
15.The Greek Letters
16.Binomial Trees in Practice
17.Volatility Smiles
18.Value at Risk
19.Interest-Rate Options
20.Exotic Options and Other Non-Standard Instruments
21.Credit Derivatives
22.Insurance, Weather, Energy, and Credit Derivatives
23.Derivatives Disasters and What We Can Learn From Them
1.Introduction
2.Mechanics of Futures and Forward Markets
3.Hedging Strategies Using Futures
4.Interest Rates
5.Determination of Forward and Futures Prices
6.Interest Rate Futures
7.Swaps
8.Mechanics of Options Markets
9.Properties of Stock Options
10.Trading Strategies Involving Options
11.Introduction to Binomial Trees
12.Valuing Stock Options: The Black-Scholes Model
13.Options on Stock Indices and Currencies
14.Futures Options
15.The Greek Letters
16.Binomial Trees in Practice
17.Volatility Smiles
18.Value at Risk
19.Interest-Rate Options
20.Exotic Options and Other Non-Standard Instruments
21.Credit Derivatives
22.Insurance, Weather, Energy, and Credit Derivatives
23.Derivatives Disasters and What We Can Learn From Them
