Derivatives Markets
by McDonald, Robert L.Edition: 3rd
Format: Hardcover
Pub. Date: 2012-09-06
Publisher(s): Pearson
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Summary
To be financially literate in today's market, one must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Third Edition has an accessible mathematical presentation, and more importantly, helps readers gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.
Table of Contents
Preface
Chapter 1 Introduction to Derivatives
PART ONE INSURANCE, HEDGING, AND SIMPLE STRATEGIES
Chapter 2 An Introduction to Forwards and Options
Chapter 3 Insurance, Collars, and Other Strategies
Chapter 4 Introduction to Risk Management
PART TWO FORWARDS, FUTURES, AND SWAPS
Chapter 5 Financial Forwards and Futures
Chapter 6 Commodity Forwards and Futures
Chapter 7 Interest Rate Forwards and Futures
Chapter 8 Swaps
PART THREE OPTIONS
Chapter 9 Parity and Other Option Relationships
Chapter 10 Binomial Option Pricing: Basic Concepts
Chapter 11 Binomial Option Pricing: Selected Topics
Chapter 12 The Black-Scholes Formula
Chapter 13 Market-Making and Delta-Hedging
Chapter 14 Exotic Options: I
PART FOUR FINANCIAL ENGINEERING AND APPLICATIONS
Chapter 15 Financial Engineering and Security Design
Chapter 16 Corporate Applications
Chapter 17 Real Options
PART FIVE ADVANCED PRICING THEORY AND APPLICATIONS
Chapter 18 The Lognormal Distribution
Chapter 19 Monte Carlo Valuation
Chapter 20 Brownian Motion and Ito's Lemma
Chapter 21 The Black-Scholes-Merton Equation
Chapter 22 Risk-Neutral and Martingale Pricing
Chapter 23 Exotic Options: II
Chapter 24 Volatility
Chapter 25 Interest Rate and Bond Derivatives
Chapter 26 Value at Risk
Chapter 27 Credit Risk
Appendixes
App. A The Greek Alphabet
App. B Continuous Compounding
App. C Jensen's Inequality
App. D An Introduction to Visual Basic for Applications
Glossary
References
Index
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