Options, Futures, and Other Derivatives (4th Edition)
| Author | : | |
| Rating | : | 4.46 (656 Votes) |
| Asin | : | 0130224448 |
| Format Type | : | paperback |
| Number of Pages | : | 720 Pages |
| Publish Date | : | 2015-07-13 |
| Language | : | English |
DESCRIPTION:
Dr. S. P. GREINER said A Must Have for any Risk Manager's Library. One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for pricing corporate bonds, the options pricing methods because it makes binomial pricing for opt. "Not a easy read if you do not know about options" according to abhi. Very well written. Not a easy read if you do not know about options. But covers the concepts very well , and not just on surface,. The end of the chapters problems are pretty helpful too.. classical book I was planning to buy this book for a few years.This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them.It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale result for change of numeraire). Interest rate derivatives are well introduced here and the new
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. Chapter 20 on the standard market models for valuing interest rate derivatives has been revised. The book assumes that the reader has taken an introductory course in finance and an introductory course in probability and statistics. 6. Chapter 19 contains much new material and explains the role played by martingales and measures in the valuation of derivatives. 11. Chapter 22 covers two-factor models of the short rate, the HIM model, and the LIBOR market (BGM) model. If it is too low, some important issues will inevitably be treated in a rather superficial way. So and Fo are used to denote the asset price and the forward price today (that is, at time zero) and the cumbersome "T - t" no longer appears in most parts of the book. Volatility smiles and alternatives to Black-Schole
It provides a unifying approach to the valuation of all derivatives--not just futures and options. Also suitable for practitioners who want to acquire a working knowledge of how derivatives can be analyzed.This best seller represents how academia and real-world practice have come together with a common respect and focus of theory and practice. It assumes that the reader has taken an introductory course in finance and an introductory course in probability and statistics. No prior knowledge of options, futures contracts, swaps, and so on is assumed.. For undergraduate and graduate courses in Options and Futures, Financial Engineering and Risk Management, typically found in business, finance, economics and mathematics departments