Cantitate/Preț
Produs
Total produse
Vezi coșul
Options, Futures, and Other Derivatives with Derivagem CD: International Edition de John C. Hull

Options, Futures, and Other Derivatives with Derivagem CD: International Edition

Autor John C. Hull
en Limba Engleză Mixed media product – 30 sep 2010
For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management. Designed to bridge the gap between theory and practice, this highly successful book is the top seller among both the academic audience and derivative practitioners around the world.
Citește tot Restrânge

Preț: 53355 lei

Preț vechi: 57995 lei
-8% Nou

Puncte Express: 800
Preț estimativ în valută:
10211€ • 10607$ • 8482£

Carte indisponibilă temporar


Wish list
Gift list
Am citit!
Adaugă în listă
Doresc să fiu notificat când acest titlu va fi disponibil:
Trimite
Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780132604604
ISBN-10: 0132604604
Pagini: 848
Dimensiuni: 203 x 254 mm
Ediția:7
Editura: Pearson Education
Colecția Pearson Education
Locul publicării:Upper Saddle River, United States

Cuprins

Preface
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.    Mechanics of Options Markets
9.    Properties of Stock Options
10.    Trading Strategies Involving Options
11.    Binomial Trees
12.    Wiener Processes and Itô’s lemma
13.    The Black-Scholes-Merton Model
14.    Options on Stock Indices, Currencies, and Futures
15.    The Greek Letters
16.    Volatility Smiles
17.    Basic Numerical Procedures
18.    Value at Risk
19.    Estimating Volatilities and Correlations
20.    Credit Risk
21.    Credit Derivatives
22.    Exotic Options
23.    Weather, Energy, and Insurance Derivatives
24.    More on Models and Numerical Procedures
25.    Martingales and Measures
26.    Interest Rate Derivatives: The Standard Market Models
27.    Convexity, Timing, and Quanto Adjustments
28.    Interest Tate Derivatives: Models of the Short Rate
29.    Interest Rate Derivatives: HJM and LMM
30.    Swaps Revisited
31.    Real Options
32.    Derivatives Mishaps and What We Can Learn from Them
Glossary of terms
DerivaGem software
Major exchanges trading futures and options
Tables for N(x)
Author index
Subject index

Caracteristici

Mathematical Sophistication
One of the key decisions that must be made by an author who is writing in the area of derivatives concerns the use of mathematics.  If the level of mathematical sophistication is too high, the material is likely to be inaccessible to many students and practitioners.  If it is too low, some important issues will inevitably be treated in a rather superficial way.
  • Nonessential mathematical material has been either eliminated or included in end-of-chapter appendices and the technical notes on my website. 
  • Concepts that are likely to be new to many readers have been explained carefully, and many numerical examples have been included. 
NEW! Employee Stock Options
A new chapter on employee stock options has been included in this text. Issues such as whether employee stock options align the interests of senior executives and shareholders, how the options should be valued, and backdating scandals are quite topical and students enjoy discussing them.
Credit Derivatives
Chapter 23 on credit derivatives has been expanded to include material on:
  • Subprime mortgages in the U.S.
  • Asset-backed securities
  • The credit crunch of 2007
  • The valuation of CDOs
  • The implementation of the Gaussian copula model
  • Alternatives to the Gaussian copula model
Software
Version 1.5101 of DerivaGem is included with this book. This consists of two Excel applications: the Options Calculator and the Applications Builder.
  • The Options Calculator - Consists of easy-to-use software for valuing a wide range of options.
  • The Applications Builder - consists of a number of Excel functions from which users can build their own applications. It includes a number of sample applications and enables students to explore the properties of options and numerical procedures more easily. It also allows more interesting assignments to be designed. 
OTHER TOPICS OF DISTINCTION
  • Options on futures are now covered in a separate chapter from options on indices and currencies.
  • Many new topics are covered. For example, I cover the VIX volatility index in Chapters 13 and 26, variance swaps in Chapter 26, Gaussian quadrature (for the implementation of the Gaussian copula model) in Chapter 23, how transactions involving index credit spreads work (Chapter 23), and more on volatility smiles (Chapter 18).
  • End-of-chapter problems have been added.

Caracteristici noi

NEW! Employee Stock Options
A new chapter on employee stock options has been included in this text. Issues such as whether employee stock options align the interests of senior executives and shareholders, how the options should be valued, and backdating scandals are quite topical and students enjoy discussing them.
NEW! Credit Derivatives
Chapter 23 on credit derivatives has been expanded to include material on:
  • Subprime mortgages in the U.S.
  • Asset-backed securities
  • The credit crunch of 2007
  • The valuation of CDO’s
  • The implementation of the Gaussian copula model
  • Alternatives to the Gaussian copula model
OTHER TOPICS OF DISTINCTION
  • Options on futures are now covered in a separate chapter from options on indices and currencies.
  • Many new topics are covered. For example, I cover the VIX volatility index in Chapters 13 and 26, variance swaps in Chapter 26, Gaussian quadrature (for the implementation of the Gaussian copula model) in Chapter 23, how transactions involving index credit spreads work (Chapter 23), and more on volatility smiles (Chapter 18).
  • End-of-chapter problems have been added.
  • Chapter 17 on Greek letters has been restructured with various letters now explained in the context of an option on a non-dividend paying stock.
  • Chapter 4 now contains a more detailed description of liquidity preference theory and how banks manage net interest income.
  • The second argument of f is now the variance rather than the standard deviation of the distribution.