Options, Futures, and Other Derivatives

8th Edition. Global Version. Bridge the gap between theory and practice. Designed to bridge the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics.
The eighth edition has been updated and improved-featuring a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued. This global version has the same content as the US version ISBN 0132777428.
Learn about derivatives from the book that is a «must have»for derivatives practitioners as well as the best seller in university and college markets. The many new features of the eighth edition include:
• A new chapter on «Securitization and the Credit Crisis of 2007» • Discussions of central clearing, liquidity risk, and the use of overnight indexed swaps • More material on energy and other commodity derivatives • An alternative derivation of the Black-Scholes-Merton formula from binomial trees • An appendix explaining the capital asset pricing model • Use of an example involving real data to explain value at risk calculations • New material on principal protected notes, gap options, cliquet options, jump processes, and applications of the Vasicek and CIR interest rate models.