(0) items

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
This item qualifies for

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.




by ;
Pub. Date:
McGraw-Hill Education
List Price: $280.85

Buy New Textbook

Usually Ships in 3-4 Business Days

Rent Textbook

We're Sorry
Sold Out

Used Textbook

We're Sorry
Sold Out


We're Sorry
Not Available

More New and Used
from Private Sellers
Starting at $24.15

Questions About This Book?

What version or edition is this?

This is the edition with a publication date of 3/11/2010.

What is included with this book?

  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

  • Derivatives


The first edition of Derivatives is spent with a lot of effort throughout the book explaining what lies behind the formal mathematics of pricing and hedging. Questions ranging from 'how are forward prices determined?' to 'why does the Black-Scholes formula have the form it does?' are answered throughout the text. The authors of this first edition use verbal and pictorial expositions, and sometimes simple mathematical models, to explain the underlying principles before proceeding to a formal analysis. Extensive uses of numerical examples for illustrative purposes are used throughout to supplement the intuitive and formal presentations.The main body of this book is divided into six parts. Parts 1-3 cover, respectively, futures and forwards; options; and swaps. Part 4 examines term-structure modeling and the pricing of interest-rate derivatives, while Part 5 is concerned with credit derivatives and the modeling of credit risk. Part 6 discusses computational issues.

Table of Contents

Futures and Forwards
Futures Markets
Pricing Forwards and Futures I: The Basic Theory
Pricing Forwards and Futures II
Hedging with Futures & Forwards
Interest-Rate Forwards & Futures
Equity Derivatives
Options Markets
Options: Payoffs & Trading Strategies
No-Arbitrage Restrictions on Option Prices
Early Exercise and Put-Call Parity
Option Pricing: An Introduction
Binomial Option Pricing
Implementing the Binomial Model
The Black-Scholes Model
The Mathematics of Black-Scholes
Options Modeling: Beyond Black-Scholes
Sensitivity Analysis: The Option “Greeks”
Exotic Options I: Path-Independent Options
Exotic Options II: Path-Dependent Options
Convertible Bonds
Real Options
Interest-Rate Swaps and Floating Rate Products
Equity Swaps
Currency Swaps
Interest Rate Modeling
The Term Structure of Interest Rates: Concepts
Estimating the Yield Curve
Modeling Term Structure Movements
Factor Models of the Term Structure
The Heath-Jarrow-Morton and Libor Market Models
Credit Derivative Products
Credit Derivative Products
Structural Models of Default Risk
Reduced Form Models of Default Risk
Modeling Correlated Default
Derivative Pricing with Finite Differencing
Derivative Pricing with Monte Carol Simulation
Using Octave
Table of Contents provided by Publisher. All Rights Reserved.

Please wait while the item is added to your cart...