Authors: John C. Hull
ISBN-13: 9780136015864, ISBN-10: 0136015867
Format: Hardcover
Publisher: Prentice Hall
Date Published: May 2008
Edition: 7th Edition
This book has been widely-adopted for its comprehensivecoverage, exceptionally clear explanations of difficult material, andavoidance of nonessential math. This book bridges the gapbetween the theory and practice of derivatives, and helps readers develop asolid working knowledge of how derivatives can be analyzed. It deals with awide range of derivative products and provides complete coverage of keyanalytical material.
A graduate level business text providing a working knowledge of how derivatives can be analyzed. Hull (U. of Toronto) keeps non-essential mathematics at a minimum while still rigorously introducing the key components of futures markets and the use of futures for hedging, interest rate futures, swaps, options markets, trading strategies, binomial trees, the Black-Scholes analysis, numerical procedures, models of the yield curve, and credit risk and regulatory capital. The conclusion, thankfully, reviews the key concepts and additional equations are presented at the end of the discussions. The text assumes the student has had introductory courses in finance, probability and statistics. Annotation c. by Book News, Inc., Portland, Or.
Preface | ||
1 | Introduction | 1 |
2 | Futures Markets and the Use of Futures for Hedging | 18 |
3 | Forward and Futures Prices | 45 |
4 | Interest Rate Futures | 80 |
5 | Swaps | 111 |
6 | Options Markets | 136 |
7 | Properties of Stock Option Prices | 151 |
8 | Trading Strategies Involving Options | 173 |
9 | A Model of the Behavior of Stock Prices | 190 |
10 | The Black-Scholes Analysis | 207 |
11 | Options on Stock Indices, Currencies, and Futures Contracts | 247 |
12 | A General Approach to Pricing Derivative Securities | 274 |
13 | Hedging Positions in Options and Other Derivative Securities | 295 |
14 | Numerical Procedures | 329 |
15 | Interest Rate Derivative Securities | 370 |
16 | Exotic Options | 414 |
17 | Alternatives to Black-Scholes for Option Pricing | 434 |
18 | Credit Risk | 455 |
19 | Review of Key Concepts | 469 |
Table for N(X) when X [actual symbol not reproducible]0 | 473 | |
Table for N(X) when X [actual symbol not reproducible]0 | 474 | |
World Exchanges | 475 | |
Glossary of Notation | 476 | |
Author Index | 481 | |
Subject Index | 484 |