Futures, Options, and Swaps

ISBN-10: 1405150491
ISBN-13: 9781405150491
Edition: 5th 2007 (Revised)
List price: $105.95 Buy it from $3.39
This item qualifies for FREE shipping

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: A new and updated edition of the most readable, comprehensive text available on derivatives markets. Utilizes an even more applied approach than previous editions Provides an excellent balance between introductory and advanced topics   More...

Used Starting from $64.92
New Starting from $114.37
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!
You could win $10,000

Get an entry for every item you buy, rent, or sell.

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Careers in Legal Assisting Online content $4.95 $1.99
Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

List price: $105.95
Edition: 5th
Copyright year: 2007
Publisher: John Wiley & Sons, Incorporated
Publication date: 2/27/2007
Binding: Hardcover
Pages: 838
Size: 7.50" wide x 9.75" long x 1.50" tall
Weight: 3.542

A new and updated edition of the most readable, comprehensive text available on derivatives markets. Utilizes an even more applied approach than previous editions Provides an excellent balance between introductory and advanced topics Extensively updated to incorporate and explicate development in the field including the areas of electronic trading platforms, globalization of markets, hedge funds, financial scandals involving derivatives, and government regulation Revised to include over 50 text boxes with applied vignettes on topical issues, product profiles, and historical anecdotes

Preface
Acknowledgments
Introduction
Overview
Derivatives defined
Applications of financial derivatives
The concept of arbitrage
The organization of the text
Exercises
Notes
Futures markets
Overview
Futures markets
Exchanges and types of futures
Purposes of futures markets
Regulation of futures markets
Taxation of futures trading
Brokers, advisors, and commodity fund managers
The changing environment of futures markets
Market manipulation
Conclusion
Exercises
Notes
Futures prices
Overview
Reading futures prices
The basis and spreads
Models of futures prices
Futures prices and expectations
Futures prices and risk aversion
Characteristics of futures prices
Conclusion
Exercises
Notes
Using futures markets
Overview
Price discovery
Speculation
Speculative profits
Hedging
Conclusion
Exercises
Notes
Interest rate futures: an introduction
Overview
Short-maturity interest rate futures contracts
Longer-maturity interest rate futures
The pricing of interest rate futures contracts
Speculating with interest rate futures
Hedging with interest rate futures
Conclusion
Exercises
Notes
Interest rate futures: refinements
Overview
The T-bond futures contract in detail
Seller's options in T-bond futures
The efficiency of the interest rate futures market
Applications: Eurodollar and T-bill futures
Hedging with T-bond futures
Conclusion
Exercises
Notes
Security futures products: an introduction
Overview
The indexes
Stock index futures contracts
Stock index futures prices
Index arbitrage and program trading
Speculating with stock index futures
Single stock futures
Risk management with security futures products
Conclusion
Exercises
Notes
Security futures products: refinements
Overview
Stock index futures prices
Real-world program trading
Hedging with stock index futures
Asset allocation
Hedge fund uses of stock index futures
Portfolio insurance
Index futures and stock market volatility
Index futures and stock market crashes
Conclusion
Exercises
Notes
Foreign exchange futures
Overview
Price quotations
Geographic and cross-rate arbitrage
Forward and futures market characteristics
The European Monetary Union
Determinants of foreign exchange rates
Forward and futures prices for foreign exchange
More futures price parity relationships
Foreign exchange forecasting accuracy
The efficiency of foreign exchange futures markets
Speculation in foreign exchange futures
Hedging with foreign exchange futures
Conclusion
Exercises
Notes
The options market
Overview
An option example
Moneyness
American and European options
Why trade options?
The option contract
The options marketplace
Option trading procedures
The clearinghouse
Margins
Commissions
Taxation
Conclusion
Exercises
Notes
Option payoffs and option strategies
Overview
Stocks and bonds
Option notation
European and American option values at expiration
Buy or sell a call option
Call options at expiration and arbitrage
Buy or sell a put option
Moneyness
Option combinations
Combining options with bonds and stocks
Conclusion
Exercises
Notes
Bounds on option prices
Overview
The boundary space for call and put options
Relationships between call option prices
Relationships between put option prices
Option prices and the interest rate
Option prices and stock price movements
Option prices and the riskiness of stocks
Conclusion
Exercises
Notes
European option pricing
Overview
The single-period binomial model
The multi-period binomial model
Stock price movements
The binomial approach to the Black-Scholes model
The Black-Scholes option pricing model
Inputs for the Black-Scholes model
European options and dividends
Tests of the option pricing model
Conclusion
Exercises
Notes
Option sensitivities and option hedging
Overview
Option sensitivities in the Merton and Black-Scholes models
Delta
Theta
Vega
Rho
Gamma
Creating neutral portfolios
Option sensitivities and option trading strategies
Conclusion
Exercises
Note
American option pricing
Overview
American versus European options
American versus European calls
Dividend capture strategies
Pseudo-American call option pricing
Exact American call option pricing
Analytic approximations of American option prices
The binomial model and American option prices
Conclusion
Exercises
Notes
Options on stock indexes, foreign currency, and futures
Overview
European option pricing
Option sensitivities
Pricing American options
Conclusion
Exercises
Notes
The options approach to corporate securities
Overview
Equity and a pure discount bond
Senior and subordinated debt
Callable bonds
Convertible bonds
Warrants
Conclusion
Exercises
Notes
Exotic options
Overview
Assumptions of the analysis and the pricing environment
Forward-start options
Compound options
Chooser options
Barrier options
Binary options
Lookback options
Average price options
Exchange options
Rainbow options
Conclusion
Exercises
Notes
Interest rate options
Overview
Interest rate options: markets and instruments
The term structure of interest rates
Stripped Treasury securities and forward rate agreements (FRAs)
The option-adjusted spread (OAS)
The Black model
Applications of the Black model
Forward put-call parity
Caps, floors, and collars
Conclusion
Exercises
Notes
The swaps market: an introduction
Overview
Swaps
The swaps market
Plain vanilla swaps
Motivations for swaps
Swap facilitators
Pricing of swaps
Swap portfolios
Beyond plain vanilla swaps
Commodity swaps
Equity swaps
Credit swaps
Swaptions
Conclusion
Exercises
Notes
Swaps: economic analysis and pricing
Overview
The economic analysis of swaps
Interest rate swap pricing
Currency swap pricing
Swap counterparty credit risk
Conclusion
Exercises
Notes
Swaps: applications
Overview
The parallel loan-how swaps began
Creating synthetic securities with swaps
The all-in cost
The B. F. Goodrich - Rabobank interest rate swap
The duration of interest rate swaps
Interest rate immunization with swaps
Structured notes
Pricing flavored interest rate and currency swaps
Equity swap pricing and applications
Swaption pricing and applications
Day count conventions
Conclusion
Exercises
Notes
A summary of accounting rules for derivative instruments
The cumulative distribution function for the standard normal random variable
Index

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×