Fundamentals of futures and options markets

John C. Hull

492 pages, parution le 01/08/2001 (4^eme édition)

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Résumé

For undergraduate courses in options and futures.

This introduction to futures and options markets is ideal for those with limited background in mathematics. Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street and in the college market, this text offers an accessible presentation of the topic without the use of calculus.

Features

NEW—New chapters include: New Chapter 19, Exotic Options and Other Non-Standard Products: gives students an understanding of the range of different non-standard option and swap products that trade in the over-the-counter market; new Chapter 20, Credit, Weather, Energy, and Insurance Derivatives: enables students to understand important new products that have been developed in the last few years; and Chapter 21 on derivative mishaps: provides students with a detailed analysis of derivative mishaps and what we can learn from them.
NEW—Revised chapters include: Chapter 5, Interest- Rate Markets: provides students with more relevant information that is easier to understand; Chapter 14, Volatility Smiles: provides students with relevant information on the way option pricing models are used in practice; and Chapter 16, Value at Risk: offers students detailed treatment of value at risk's strengths, weaknesses, and how it is calculated.
NEW—Excel-based DerivaGem software is blister packed with the text.
- Provides students with a software carefully designed to complement the material in the text so that they can more easily perform calculations.
NEW—New problems added.
- Provides students with more opportunities to practice the material learned.
End-of-chapter quiz questions.
- Provides students with the opportunity to test their understanding of the material.

Contents

1. Introduction.
2. Mechanics of Futures and Forward Markets.
3. Determination of Forward and Futures Prices.
4. Hedging Strategies Using Futures.
5. Interest-Rate Markets.
6. Swaps.
7. Mechanics of Options Markets.
8. Properties of Stock Options.
9. Trading Strategies Involving Options.
10. Introduction to Binomial Trees.
11. Valuing Stock Options: The Black-Scholes Model.
12. Options on Stock Indices and Currencies.
13. Futures Options.
14. Volatility Smiles.
15. The Greek Letters.
16. Value at Risk.
17. Valuation Using Binomial Trees.
18. Interest-Rate Options.
19. Exotic Options and Other Non-Standard Products.
20. Credit, Weather, Energy, and Insurance Derivatives.
21. Derivatives Mishaps and What We Can Learn from Them.
Answers to Quiz Questions.
Glossary of Terms.
DerivaGem Software.
Major Exchanges Trading Futures and Options.
Table for N(x) when x ...â0.
Table for N(x) when x ...ô0.
Index.

L'auteur - John C. Hull

John Hull est professeur de finance à la Joseph L. Rotman School of Management, université de Toronto, Canada.

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Prentice Hall
Auteur(s)	John C. Hull
Parution	01/08/2001
Édition	4^eme édition
Nb. de pages	492
Format	20 x 25,5
Couverture	Broché
Poids	909g
Intérieur	Noir et Blanc
EAN13	9780130423580