Student Solutions manual Options, futures and other derivatives:
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Upper Saddle River, NJ
Pearson Education
2006
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| Ausgabe: | 6. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Erg. zu: Hull, John C.: Options, futures and other derivatives |
| Beschreibung: | 221 S. graph. Darst. |
| ISBN: | 0131499068 |
Internformat
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Datensatz im Suchindex
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| adam_text | CONTENTS LIST OF BUSINESS SNAPSHOTS XVI LIST OF TECHNICAL NOTES XVII
PREFACE XIX CHAPTER 1 INTRODUCTION 1 1.1 EXCHANGE-TRADED MARKETS 1 .2
OVER-THE-COUNTER MARKETS 2 .3 FORWARD CONTRACTS 3 .4 FUTURES CONTRACTS 6
. 5 OPTIONS 6 .6 TYPES OF TRADERS 8 1.7 HEDGERS 9 1.8 SPECULATORS 11 1.9
ARBITRAGEURS 14 1.10 DANGERS 15 SUMMARY 15 FURTHER READING 16 QUESTIONS
AND PROBLEMS 16 ASSIGNMENT QUESTIONS 18 CHAPTER 2 MECHANICS OF FUTURES
MARKETS 21 2.1 BACKGROUND 21 2.2 SPECIFICATION OF A FUTURES CONTRACT *
23 2.3 CONVERGENCE OF FUTURES PRICE TO SPOT PRICE 26 2.4 DAILY
SETTLEMENT AND MARGINS 26 2.5 NEWSPAPER QUOTES 31 2.6 DELIVERY 35 2.7
TYPES OF TRADERS AND TYPES OF ORDERS 36 2.8 REGULATION 37 2.9 ACCOUNTING
AND TAX 39 2.10 FORWARD VS. FUTURES CONTRACTS 40 SUMMARY 41 FURTHER
READING 42 QUESTIONS AND PROBLEMS 43 ASSIGNMENT QUESTIONS 44 CHAPTER 3
HEDGING STRATEGIES USING FUTURES 47 3.1 3.2 3.3 3.4 3.5 BASIC PRINCIPLES
47 ARGUMENTS FOR AND AGAINST HEDGING 50 BASIS RISK CROSS HEDGING 56
STOCK INDEX FUTURES 60 VLL VLLL CONTENTS 3.6 ROLLING THE HEDGE FORWARD
67 SUMMARY 68 FURTHER READING 69 QUESTIONS AND PROBLEMS 70 ASSIGNMENT
QUESTIONS 71 APPENDIX: PROOF OF THE MINIMUM VARIANCE HEDGE RATIO FORMULA
73 CHAPTER 4 INTEREST RATES 75 4.1 TYPES OF RATES 75 4.2 MEASURING
INTEREST RATES 77 4.3 ZERO RATES 80 4.4 BOND PRICING 80 4.5 DETERMINING
TREASURY ZERO RATES 82 4.6 FORWARD RATES 84 4.7 FORWARD RATE AGREEMENTS
87 4.8 DURATION 89 4.9 CONVEXITY 92 4.10 THEORIES OF THE TERM STRUCTURE
OF INTEREST RATES 93 SUMMARY 94 FURTHER READING 95 QUESTIONS AND
PROBLEMS 95 ASSIGNMENT QUESTIONS 97 CHAPTER 5 DETERMINATION OF FORWARD
AND FUTURES PRICES..... 99 5.1 INVESTMENT ASSETS VS. CONSUMPTION ASSETS
99 5.2 SHORT SELLING 99 5.3 ASSUMPTIONS AND NOTATION 101 5.4 FORWARD
PRICE FOR AN INVESTMENT ASSET 101 5.5 KNOWN INCOME 104 5.6 KNOWN YIELD
107 5.7 VALUING FORWARD CONTRACTS 107 5.8 ARE FORWARD PRICES AND FUTURES
PRICES EQUAL? 109 5.9 FUTURES PRICES OF STOCK INDICES 110 5.10 FORWARD
AND FUTURES CONTRACTS ON CURRENCIES 112 5.11 FUTURES ON COMMODITIES 116
5.12 THE COST OF CARRY 118 5.13 DELIVERY OPTIONS 119 5.14 FUTURES PRICES
AND EXPECTED FUTURE SPOT PRICES 119 SUMMARY 121 FURTHER READING 122
QUESTIONS AND PROBLEMS 123 ASSIGNMENT QUESTIONS 125 APPENDIX: PROOF THAT
FORWARD AND FUTURES PRICES ARE EQUAL WHEN INTEREST RATES ARE CONSTANT
127 CHAPTER 6 INTEREST RATE FUTURES 129 6.1 DAY COUNT CONVENTIONS 129
6.2 QUOTATIONS FOR TREASURY BONDS 131 6.3 TREASURY BOND FUTURES 133 6.4
EURODOLLAR FUTURES 137 6.5 DURATION-BASED HEDGING STRATEGIES 142 6.6
HEDGING PORTFOLIOS OF ASSETS AND LIABILITIES 143 SUMMARY 144 CONTENTS IX
FURTHER READING 145 QUESTIONS AND PROBLEMS 145 ASSIGNMENT QUESTIONS 147
CHAPTER 7 SWAPS 149 7.1 MECHANICS OF INTEREST RATE SWAPS 149 7.2 DAY
COUNT ISSUES 155 7.3 CONFLRMATIONS 156 7.4 THE COMPARATIVE-ADVANTAGE
ARGUMENT 157 7.5 THE NATURE OF SWAP RATES 160 7.6 DETERMINING THE
LIBOR/SWAP ZERO RATES 160 7.7 VALUATION OF INTEREST RATE SWAPS 161 7.8
CURRENCY SWAPS 165 7.9 VALUATION OF CURRENCY SWAPS 168 7.10 CREDIT RISK
171 7.11 OTHER TYPES OF SWAPS 173 SUMMARY 175 FURTHER READING 176
QUESTIONS AND PROBLEMS 176 ASSIGNMENT QUESTIONS 1 78 CHAPTER 8 MECHANICS
OF OPTIONS MARKETS 181 8. 1 TYPES OF OPTIONS 181 8.2 OPTION POSITIONS
183 8.3 UNDERLYING ASSETS 185 8.4 SPECIFICATION OF STOCK OPTIONS 187 8.5
NEWSPAPER QUOTES 190 8.6 TRADING 192 8.7 COMMISSIONS 192 8.8 MARGINS 194
8.9 THE OPTIONS CLEARING CORPORATION 195 8.10 REGULATION 196 8.11
TAXATION 196 8.12 WARRANTS, EXECUTIVE STOCK OPTIONS, AND CONVERTIBLES
197 8.13 OVER-THE-COUNTER MARKETS ......198 SUMMARY 200 FURTHER READING
200 QUESTIONS AND PROBLEMS 201 ASSIGNMENT QUESTIONS 202 CHAPTER 9
PROPERTIES OF STOCK OPTIONS 205 9.1 FACTORS AFFECTING OPTION PRICES 205
9.2 ASSUMPTIONS AND NOTATION 209 9.3 UPPER AND LOWER BOUNDS FOR OPTION
PRICES 209 9.4 PUT^CALL PARITY 212 9.5 EARLY EXERCISE: CALLS ON A
NOU-DIVIDEND-PAYING STOCK 215 9.6 EARLY EXERCISE: PUTS ON A
NON-DIVIDEND-PAYING STOCK 216 9.7 EFFECT OF DIVIDENDS 2I8 SUMMARY 219
FURTHER READING 220 QUESTIONS AND PROBLEMS 22 0 ASSIGNMENT QUESTIONS 222
CHAPTER 10 TRADING STRATEGIES INVOLVING OPTIONS 223 10.1 STRATEGIES
INVOLVING A SINGLE OPTION AND A STOCK 223 CONTENTS 10.2 SPREADS 225 10.3
COMBINATIONS 234 10.4 OTHER PAYOFFS 237 SUMMARY 237 FURTHER READING 238
QUESTIONS AND PROBLEMS 238 ASSIGNMENT QUESTIONS 239 CHAPTER 11 BINOMIAL
TREES 241 .1 ONE-STEP BINOMIAL MODEL 241 .2 RISK-NEUTRAL VALUATION 244
.3 TWO-STEP BINOMIAL TREES 247 .4 A PUT EXAMPLE 249 .5 AMERICAN OPTIONS
250 .6 DELTA 251 .7 MATCHING VOLATILITY WITH IT AND D 252 .8 INCREASING
THE NUMBER OF STEPS 255 .9 OPTIONS ON OTHER ASSETS 256 SUMMARY 260
FURTHER READING 260 QUESTIONS AND PROBLEMS 261 ASSIGNMENT QUESTIONS 262
CHAPTER 12 WIENER PROCESSES AND ITO S LEMMA 263 12.1 THE MARKOV PROPERTY
263 12.2 CONTINUOUS-TIME STOCHASTIC PROCESSES 264 12.3 THE PROCESS FOR A
STOCK PRICE 269 12.4 THE PARAMETERS 272 12.5 ITO S LEMMA 273 12.6 THE
LOGNORMAL PROPERTY 274 SUMMARY 275 FURTHER READING 276 QUESTIONS AND
PROBLEMS 276 ASSIGNMENT QUESTIONS 277 APPENDIX: DERIVATION OF ITO S
LEMMA 279 CHAPTER 13 THE BLACK-SCHOLES-MERTON MODEL 281 13.1 LOGNORMAL
PROPERTY OF STOCK PRICES 281 13.2 THE DISTRIBUTION OF THE RATE OF RETURN
283 13.3 THE EXPECTED RETURN 284 13.4 VOLATILITY 286 13.5 CONCEPTS
UNDERLYING THE BLACK SCHOLES-MERTON DIFFERENTIAL EQUATION 289 13.6
DERIVATION OF THE BLACK-SCHOLES-MERTON DIFFERENTIAL EQUATION 291 13.7
RISK-NEUTRAL VALUATION 293 13.8 BLACK-SCHOLES PRICING FORMULAS 295 13.9
CUMULATIVE NORMAL DISTRIBUTION FUNCTION 297 13.10 WARRANTS AND EXECUTIVE
STOCK OPTIONS 298 13.11 IMPLIED VOLATILITIES 300 13.12 DIVIDENDS 301
SUMMARY 304 FURTHER READING 305 QUESTIONS AND PROBLEMS 306 ASSIGNMENT
QUESTIONS 309 APPENDIX: PROOF OF BLACK-SCHOLES-MERTON FORMULA 310
CONTENTS XI CHAPTER 14 OPTIONS ON STOCK INDICES, CURRENCIES, AND FUTURES
313 14.1 RESULTS FOR A STOCK PAYING A KNOWN DIVIDEND YIELD 313 14.2
OPTION PRICING FORMULAS 314 14.3 OPTIONS ON STOCK INDICES 316 14.4
CURRENCY OPTIONS 321 14.5 FUTURES OPTIONS 323 14.6 VALUATION OF FUTURES
OPTIONS USING BINOMIAL TREES 329 14.7 THE DRIFT OF FUTURES PRICES IN A
RISK-NEUTRAL WORLD 331 14.8 BLACK S MODEL FOR VALUING FUTURES OPTIONS
332 14.9 FUTURES OPTIONS VS. SPOT OPTIONS 333 SUMMARY 334 FURTHER
READING 335 QUESTIONS AND PROBLEMS 336 ASSIGNMENT QUESTIONS 339 CHAPTER
15 THE GREEK LETTERS 341 15.1 ILLUSTRATION 341 15.2 NAKED AND COVERED
POSITIONS 342 15.3 A STOP-LOSS STRATEGY 342 15.4 DELTA HEDGING 344 15.5
THETA 353 15.6 GAMMA 355 15.7 RELATIONSHIP BETWEEN DELTA, THETA, AND
GAMMA 359 15.8 VEGA 359 15.9 RHO 362 15.10 THE REALITIES OF HEDGING 363
15.11 SCENARIO ANALYSIS 364 15.12 PORTFOLIO INSURANCE 364 15.13 STOCK
MARKET VOLATILITY 367 SUMMARY 368 FURTHER READING 369 QUESTIONS AND
PROBLEMS 369 ASSIGNMENT QUESTIONS 371 APPENDIX: TAYLOR SERIES EXPANSIONS
AND HEDGE PARAMETERS 373 CHAPTER 16 VOLATILITY SMILES 375 16.1 PUT-CALL
PARITY REVISITED 375 16.2 FOREIGN CURRENCY OPTIONS 376 16.3 EQUITY
OPTIONS 379 16.4 THE VOLATILITY TERM STRUCTURE AND VOLATILITY SURFACES
381 16.5 GREEK LETTERS 383 16.6 WHEN A SINGLE LARGE JUMP IS ANTICIPATED
383 SUMMARY 385 FURTHER READING 386 QUESTIONS AND PROBLEMS 386
ASSIGNMENT QUESTIONS 388 APPENDIX: DETERMINING IMPLIED RISK-NEUTRAL
DISTRIBUTIONS FROM VOLATILITY SMILES 389 CHAPTER 17 BASIC NUMERICAL
PROCEDURES 391 17 1 BINOMIAL TREES 391 17 ~ USING THE BINOMIAL TREE FOR
OPTIONS ON INDICES, CURRENCIES, AND FUTURES CONTRACTS J * 17.3 BINOMIAL
MODEL FOR A DIVIDEND-PAYING STOCK 401 XII CONTENTS 17.4 ALTERNATIVE
PROCEDURES FOR CONSTRUCTING TREES 406 17.5 TIME-DEPENDENT PARAMETERS 409
17.6 MONTE CARLO SIMULATION 410 17.7 VARIANCE REDUCTION PROCEDURES 417
17.8 FINITE DIFFERENCE METHODS 419 SUMMARY 430 FURTHER READING 430
QUESTIONS AND PROBLEMS 431 ASSIGNMENT QUESTIONS 432 CHAPTER 18 VALUE AT
RISK 435 18.1 THE VAR MEASURE 435 18.2 HISTORICAL SIMULATION 438 18.3
MODEL-BUILDING APPROACH 440 18.4 LINEAR MODEL 442 18.5 QUADRATIC MODEL
446 18.6 MONTE CARLO SIMULATION 448 18.7 COMPARISON OF APPROACHES 449
18.8 STRESS TESTING AND BACK TESTING 450 18.9 PRINCIPAL COMPONENTS
ANALYSIS 450 SUMMARY 454 FURTHER READING 454 QUESTIONS AND PROBLEMS 455
ASSIGNMENT QUESTIONS 456 APPENDIX: CASH-FLOW MAPPING 458 CHAPTER 19
ESTIMATING VOLATILITIES AND CORRELATIONS 461 19.1 ESTIMATING VOLATILITY
461 19.2 THE EXPONENTIALLY WEIGHTED MOVING AVERAGE MODEL 463 19.3 THE
GARCH (1,1) MODEL 465 19.4 CHOOSING BETWEEN THE MODELS 466 19.5 MAXIMUM
LIKELIHOOD METHODS 467 19.6 USING GARCH (1,1) TO FORECAST FUTURE
VOLATILITY 471 19.7 CORRELATIONS 475 SUMMARY 477 FURTHER READING 478
QUESTIONS AND PROBLEMS 478 ASSIGNMENT QUESTIONS 480 CHAPTER 20 CREDIT
RISK 481 20.1 CREDIT RATINGS 481 20.2 HISTORICAL DEFAULT PROBABILITIES
482 20.3 RECOVERY RATES 483 20.4 ESTIMATING DEFAULT PROBABILITIES FROM
BOND PRICES 484 20.5 COMPARISON OF DEFAULT PROBABILITY ESTIMATES 486
20.6 USING EQUITY PRICES TO ESTIMATE DEFAULT PROBABILITIES 489 20.7
CREDIT RISK IN DERIVATIVES TRANSACTIONS 491 20.8 CREDIT RISK MITIGATION
493 20.9 DEFAULT CORRELATION 495 20.10 CREDIT VAR 499 SUMMARY 502
FURTHER READING 503 QUESTIONS AND PROBLEMS 503 ASSIGNMENT QUESTIONS 505
CONTENTS XIII CHAPTER 21 CREDIT DERIVATIVES 507 21.1 CREDIT DEFAULT
SWAPS 507 21.2 CREDIT INDICES 510 21.3 VALUATION OF CREDIT DEFAULT SWAPS
510 21.4 CDS FORWARDS AND OPTIONS 514 21.5 TOTAL RETURN SWAPS 515 21.6
BASKET CREDIT DEFAULT SWAPS 516 21.7 COLLATERALIZED DEBT OBLIGATIONS 516
21.8 VALUATION OF A BASKET CDS AND CDO 519 21.9 CONVERTIBLE BONDS 520
SUMMARY 523 FURTHER READING 524 QUESTIONS AND PROBLEMS 524 ASSIGNMENT
QUESTIONS 526 CHAPTER 22 EXOTIC OPTIONS 529 22.1 PACKAGES 529 22.2
NONSTANDARD AMERICAN OPTIONS 530 22.3 FORWARD START OPTIONS 531 22.4
COMPOUND OPTIONS 531 22.5 CHOOSER OPTIONS 532 22.6 BARRIER OPTIONS 533
22.7 BINARY OPTIONS 535 22.8 LOOKBACK OPTIONS 536 22.9 SHOUT OPTIONS 537
22.10 ASIAN OPTIONS 538 22.11 OPTIONS TO EXCHANGE ONE ASSET FOR ANOTHER
540 22.12 OPTIONS INVOLVING SEVERAL ASSETS 541 22.13 STATIC OPTIONS
REPLICATION 541 SUMMARY 544 FURTHER READING 544 QUESTIONS AND PROBLEMS
545 ASSIGNMENT QUESTIONS 547 APPENDIX: CALCULATION OF MOMENTS FOR
VALUATION OF BASKET OPTIONS AND ASIAN OPTIONS 549 CHAPTER 23 WEATHER,
ENERGY, AND INSURANCE DERIVATIVES 551 23.1 REVIEW OF PRICING ISSUES 551
23.2 WEATHER DERIVATIVES 552 23.3 ENERGY DERIVATIVES 553 23.4 INSURANCE
DERIVATIVES 556 SUMMARY 557 FURTHER READING 558 QUESTIONS AND PROBLEMS
558 ASSIGNMENT QUESTION 559 CHAPTER 24 MORE ON MODELS AND NUMERICAL
PROCEDURES 561 24.1 ALTERNATIVES TO BLACK-SCHOLES 562 24.2 STOCHASTIC
VOLATILITY MODELS 566 24.3 THE IVF MODEL 568 24.4 PATH-DEPENDENT
DERIVATIVES 569 24.5 BARRIER OPTIONS 573 246 OPTIONS ON TWO CORRELATED
ASSETS 576 24.7 MONTE CARLO SIMULATION AND AMERICAN OPTIONS 579 XIV
CONTENTS SUMMARY 583 FURTHER READING 584 QUESTIONS AND PROBLEMS 585
ASSIGNMENT QUESTIONS 586 CHAPTER 25 MARTINGALES AND MEASURES 589 25.1
THE MARKET PRICE OF RISK 590 25.2 SEVERAL STATE VARIABLES 593 25.3
MARTINGALES 594 25.4 ALTERNATIVE CHOICES FOR THE NUMERAIRE 596 25.5
EXTENSION TO SEVERAL FACTORS 599 25.6 APPLICATIONS 600 25.7 CHANGE OF
NUMERAIRE 602 SUMMARY 603 FURTHER READING 604 QUESTIONS AND PROBLEMS 604
ASSIGNMENT QUESTIONS 606 APPENDIX: HANDLING MULTIPLE SOURCES OF
UNCERTAINTY 607 CHAPTER 26 INTEREST RATE DERIVATIVES: THE STANDARD
MARKET MODELS 611 26.1 BLACK S MODEL 611 26.2 BOND OPTIONS 614 26.3
INTEREST RATE CAPS AND FLOORS 619 26.4 EUROPEAN SWAP OPTIONS 625 26.5
GENERALIZATIONS 629 26.6 HEDGING INTEREST RATE DERIVATIVES 630 SUMMARY
630 FURTHER READING 631 QUESTIONS AND PROBLEMS 631 ASSIGNMENT QUESTIONS
632 CHAPTER 27 CONVEXITY, TIMING, AND QUANTO ADJUSTMENTS 635 27.
CONVEXITY ADJUSTMENTS 635 27.2 TIMING ADJUSTMENTS 639 27.3 QUANTOS 641
SUMMARY 644 FURTHER READING 644 QUESTIONS AND PROBLEMS 645 ASSIGNMENT
QUESTIONS 646 APPENDIX: PROOF OF THE CONVEXITY ADJUSTMENT FORMULA 648
CHAPTER 28 INTEREST RATE DERIVATIVES: MODELS OF THE SHORT RATE 649 28.1
BACKGROUND 649 28.2 EQUILIBRIUM MODELS 650 28.3 NO-ARBITRAGE MODELS 654
28.4 OPTIONS ON BONDS 658 28.5 VOLATILITY STRUCTURES 659 28.6 INTEREST
RATE TREES 660 28.7 A GENERAL TREE-BUILDING PROCEDURE 662 28.8
CALIBRATION 672 28.9 HEDGING USING A ONE-FACTOR MODEL 673 SUMMARY 673
FURTHER READING 674 QUESTIONS AND PROBLEMS 674 ASSIGNMENT QUESTIONS 676
CONTENTS XV CHAPTER 29 INTEREST RATE DERIVATIVES: HJM AND LMM 679 29.1
THE HEATH, JARROW, AND MORTON MODEL 679 29.2 THE.LIBOR MARKET MODEL 682
29.3 MORTGAGE-BACKED SECURITIES 692 SUMMARY 694 FURTHER READING 695
QUESTIONS AND PROBLEMS 696 ASSIGNMENT QUESTIONS 696 CHAPTER 30 SWAPS
REVISITED 697 30. 1 VARIATIONS ON THE VANILLA DEAL 697 30.2 COMPOUNDING
SWAPS 699 30.3 CURRENCY SWAPS 700 30.4 MORE COMPLEX SWAPS 701 30.5
EQUITY SWAPS 704 30.6 SWAPS WITH EMBEDDED OPTIONS 705 30.7 OTHER SWAPS
708 SUMMARY 709 FURTHER READING 710 QUESTIONS AND PROBLEMS 710
ASSIGNMENT QUESTIONS 711 CHAPTER 31 REAL OPTIONS 713 31.1 CAPITAL
INVESTMENT APPRAISAL 713 31.2 EXTENSION OF THE RISK-NEUTRAL VALUATION
FRAMEWORK 714 31.3 ESTIMATING THE MARKET PRICE OF RISK 716 31.4
APPLICATION TO THE VALUATION OF A BUSINESS 717 31.5 COMMODITY PRICES 717
31.6 EVALUATING OPTIONS IN AN INVESTMENT OPPORTUNITY 722 SUMMARY 727
FURTHER READING 727 QUESTIONS AND PROBLEMS 727 ASSIGNMENT QUESTIONS 728
CHAPTER 32 DERIVATIVES MISHAPS AND WHAT WE CAN LEARN FROM THEM , 729
32.1 LESSONS FOR ALL USERS OF DERIVATIVES _ 729 32.2 LESSONS FOR
FINANCIAL INSTITUTIONS 733 32.3 LESSONS FOR NONFINANCIAL CORPORATIONS
737 SUMMARY 738 FURTHER READING 738 GLOSSARY OF TERMS 741 DERIVAGEM
SOFTWARE 761 MAJOR EXCHANGES TRADING FUTURES AND OPTIONS 767 TABLE FOR
N(X) WHEN X ^ 0 768 TABLE FOR N(X) WHEN * 5* 0 769 AUTHOR INDEX 771
SUBJECT INDEX 775 PPN: 118090461 TITEL: OPTIONS, FUTURES, AND OTHER
DERIVATIVES / JOHN C. HULL. - . - UPPER SADDLE RIVER, NJ : PEARSON,
PRENTICE HALL, 2006 ISBN: 0-13-149908-4(BUCH); 0-13-149909-2(CD-ROM)
BIBLIOGRAPHISCHER DATENSATZ IM SWB-VERBUND
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| adam_txt |
CONTENTS LIST OF BUSINESS SNAPSHOTS XVI LIST OF TECHNICAL NOTES XVII
PREFACE XIX CHAPTER 1 INTRODUCTION 1 1.1 EXCHANGE-TRADED MARKETS 1 .2
OVER-THE-COUNTER MARKETS 2 .3 FORWARD CONTRACTS 3 .4 FUTURES CONTRACTS 6
. 5 OPTIONS 6 .6 TYPES OF TRADERS 8 1.7 HEDGERS 9 1.8 SPECULATORS 11 1.9
ARBITRAGEURS 14 1.10 DANGERS 15 SUMMARY 15 FURTHER READING 16 QUESTIONS
AND PROBLEMS 16 ASSIGNMENT QUESTIONS 18 CHAPTER 2 MECHANICS OF FUTURES
MARKETS 21 2.1 BACKGROUND 21 2.2 SPECIFICATION OF A FUTURES CONTRACT *
23 2.3 CONVERGENCE OF FUTURES PRICE TO SPOT PRICE 26 2.4 DAILY
SETTLEMENT AND MARGINS 26 2.5 NEWSPAPER QUOTES 31 2.6 DELIVERY 35 2.7
TYPES OF TRADERS AND TYPES OF ORDERS 36 2.8 REGULATION 37 2.9 ACCOUNTING
AND TAX 39 2.10 FORWARD VS. FUTURES CONTRACTS 40 SUMMARY 41 FURTHER
READING 42 QUESTIONS AND PROBLEMS 43 ASSIGNMENT QUESTIONS 44 CHAPTER 3
HEDGING STRATEGIES USING FUTURES 47 3.1 3.2 3.3 3.4 3.5 BASIC PRINCIPLES
47 ARGUMENTS FOR AND AGAINST HEDGING 50 BASIS RISK " CROSS HEDGING 56
STOCK INDEX FUTURES 60 VLL VLLL CONTENTS 3.6 ROLLING THE HEDGE FORWARD
67 SUMMARY 68 FURTHER READING 69 QUESTIONS AND PROBLEMS 70 ASSIGNMENT
QUESTIONS 71 APPENDIX: PROOF OF THE MINIMUM VARIANCE HEDGE RATIO FORMULA
73 CHAPTER 4 INTEREST RATES 75 4.1 TYPES OF RATES 75 4.2 MEASURING
INTEREST RATES 77 4.3 ZERO RATES 80 4.4 BOND PRICING 80 4.5 DETERMINING
TREASURY ZERO RATES 82 4.6 FORWARD RATES 84 4.7 FORWARD RATE AGREEMENTS
87 4.8 DURATION 89 4.9 CONVEXITY 92 4.10 THEORIES OF THE TERM STRUCTURE
OF INTEREST RATES 93 SUMMARY 94 FURTHER READING 95 QUESTIONS AND
PROBLEMS 95 ASSIGNMENT QUESTIONS 97 CHAPTER 5 DETERMINATION OF FORWARD
AND FUTURES PRICES. 99 5.1 INVESTMENT ASSETS VS. CONSUMPTION ASSETS
99 5.2 SHORT SELLING 99 5.3 ASSUMPTIONS AND NOTATION 101 5.4 FORWARD
PRICE FOR AN INVESTMENT ASSET 101 5.5 KNOWN INCOME 104 5.6 KNOWN YIELD
107 5.7 VALUING FORWARD CONTRACTS 107 5.8 ARE FORWARD PRICES AND FUTURES
PRICES EQUAL? 109 5.9 FUTURES PRICES OF STOCK INDICES 110 5.10 FORWARD
AND FUTURES CONTRACTS ON CURRENCIES 112 5.11 FUTURES ON COMMODITIES 116
5.12 THE COST OF CARRY 118 5.13 DELIVERY OPTIONS 119 5.14 FUTURES PRICES
AND EXPECTED FUTURE SPOT PRICES 119 SUMMARY 121 FURTHER READING 122
QUESTIONS AND PROBLEMS 123 ASSIGNMENT QUESTIONS 125 APPENDIX: PROOF THAT
FORWARD AND FUTURES PRICES ARE EQUAL WHEN INTEREST RATES ARE CONSTANT
127 CHAPTER 6 INTEREST RATE FUTURES 129 6.1 DAY COUNT CONVENTIONS 129
6.2 QUOTATIONS FOR TREASURY BONDS 131 6.3 TREASURY BOND FUTURES 133 6.4
EURODOLLAR FUTURES 137 6.5 DURATION-BASED HEDGING STRATEGIES 142 6.6
HEDGING PORTFOLIOS OF ASSETS AND LIABILITIES 143 SUMMARY 144 CONTENTS IX
FURTHER READING 145 QUESTIONS AND PROBLEMS 145 ASSIGNMENT QUESTIONS 147
CHAPTER 7 SWAPS 149 7.1 MECHANICS OF INTEREST RATE SWAPS 149 7.2 DAY
COUNT ISSUES 155 7.3 CONFLRMATIONS 156 7.4 THE COMPARATIVE-ADVANTAGE
ARGUMENT 157 7.5 THE NATURE OF SWAP RATES 160 7.6 DETERMINING THE
LIBOR/SWAP ZERO RATES 160 7.7 VALUATION OF INTEREST RATE SWAPS 161 7.8
CURRENCY SWAPS 165 7.9 VALUATION OF CURRENCY SWAPS 168 7.10 CREDIT RISK
171 7.11 OTHER TYPES OF SWAPS 173 SUMMARY 175 FURTHER READING 176
QUESTIONS AND PROBLEMS 176 ASSIGNMENT QUESTIONS 1 78 CHAPTER 8 MECHANICS
OF OPTIONS MARKETS 181 8. 1 TYPES OF OPTIONS 181 8.2 OPTION POSITIONS
183 8.3 UNDERLYING ASSETS 185 8.4 SPECIFICATION OF STOCK OPTIONS 187 8.5
NEWSPAPER QUOTES 190 8.6 TRADING 192 8.7 COMMISSIONS 192 8.8 MARGINS 194
8.9 THE OPTIONS CLEARING CORPORATION 195 8.10 REGULATION 196 8.11
TAXATION 196 8.12 WARRANTS, EXECUTIVE STOCK OPTIONS, AND CONVERTIBLES
197 8.13 OVER-THE-COUNTER MARKETS .198 SUMMARY 200 FURTHER READING
200 QUESTIONS AND PROBLEMS 201 ASSIGNMENT QUESTIONS 202 CHAPTER 9
PROPERTIES OF STOCK OPTIONS 205 9.1 FACTORS AFFECTING OPTION PRICES 205
9.2 ASSUMPTIONS AND NOTATION 209 9.3 UPPER AND LOWER BOUNDS FOR OPTION
PRICES 209 9.4 PUT^CALL PARITY 212 9.5 EARLY EXERCISE: CALLS ON A
NOU-DIVIDEND-PAYING STOCK 215 9.6 EARLY EXERCISE: PUTS ON A
NON-DIVIDEND-PAYING STOCK 216 9.7 EFFECT OF DIVIDENDS 2I8 SUMMARY 219
FURTHER READING 220 QUESTIONS AND PROBLEMS 22 0 ASSIGNMENT QUESTIONS 222
CHAPTER 10 TRADING STRATEGIES INVOLVING OPTIONS 223 10.1 STRATEGIES
INVOLVING A SINGLE OPTION AND A STOCK 223 CONTENTS 10.2 SPREADS 225 10.3
COMBINATIONS 234 10.4 OTHER PAYOFFS 237 SUMMARY 237 FURTHER READING 238
QUESTIONS AND PROBLEMS 238 ASSIGNMENT QUESTIONS 239 CHAPTER 11 BINOMIAL
TREES 241 .1 ONE-STEP BINOMIAL MODEL 241 .2 RISK-NEUTRAL VALUATION 244
.3 TWO-STEP BINOMIAL TREES 247 .4 A PUT EXAMPLE 249 .5 AMERICAN OPTIONS
250 .6 DELTA 251 .7 MATCHING VOLATILITY WITH IT AND D 252 .8 INCREASING
THE NUMBER OF STEPS 255 .9 OPTIONS ON OTHER ASSETS 256 SUMMARY 260
FURTHER READING 260 QUESTIONS AND PROBLEMS 261 ASSIGNMENT QUESTIONS 262
CHAPTER 12 WIENER PROCESSES AND ITO'S LEMMA 263 12.1 THE MARKOV PROPERTY
263 12.2 CONTINUOUS-TIME STOCHASTIC PROCESSES 264 12.3 THE PROCESS FOR A
STOCK PRICE 269 12.4 THE PARAMETERS 272 12.5 ITO'S LEMMA 273 12.6 THE
LOGNORMAL PROPERTY 274 SUMMARY 275 FURTHER READING 276 QUESTIONS AND
PROBLEMS 276 ASSIGNMENT QUESTIONS 277 APPENDIX: DERIVATION OF ITO'S
LEMMA 279 CHAPTER 13 THE BLACK-SCHOLES-MERTON MODEL 281 13.1 LOGNORMAL
PROPERTY OF STOCK PRICES 281 13.2 THE DISTRIBUTION OF THE RATE OF RETURN
283 13.3 THE EXPECTED RETURN 284 13.4 VOLATILITY 286 13.5 CONCEPTS
UNDERLYING THE BLACK SCHOLES-MERTON DIFFERENTIAL EQUATION 289 13.6
DERIVATION OF THE BLACK-SCHOLES-MERTON DIFFERENTIAL EQUATION 291 13.7
RISK-NEUTRAL VALUATION 293 13.8 BLACK-SCHOLES PRICING FORMULAS 295 13.9
CUMULATIVE NORMAL DISTRIBUTION FUNCTION 297 13.10 WARRANTS AND EXECUTIVE
STOCK OPTIONS 298 13.11 IMPLIED VOLATILITIES 300 13.12 DIVIDENDS 301
SUMMARY 304 FURTHER READING 305 QUESTIONS AND PROBLEMS 306 ASSIGNMENT
QUESTIONS 309 APPENDIX: PROOF OF BLACK-SCHOLES-MERTON FORMULA 310
CONTENTS XI CHAPTER 14 OPTIONS ON STOCK INDICES, CURRENCIES, AND FUTURES
313 14.1 RESULTS FOR A STOCK PAYING A KNOWN DIVIDEND YIELD 313 14.2
OPTION PRICING FORMULAS 314 14.3 OPTIONS ON STOCK INDICES 316 14.4
CURRENCY OPTIONS 321 14.5 FUTURES OPTIONS 323 14.6 VALUATION OF FUTURES
OPTIONS USING BINOMIAL TREES 329 14.7 THE DRIFT OF FUTURES PRICES IN A
RISK-NEUTRAL WORLD 331 14.8 BLACK'S MODEL FOR VALUING FUTURES OPTIONS
332 14.9 FUTURES OPTIONS VS. SPOT OPTIONS 333 SUMMARY 334 FURTHER
READING 335 QUESTIONS AND PROBLEMS 336 ASSIGNMENT QUESTIONS 339 CHAPTER
15 THE GREEK LETTERS 341 15.1 ILLUSTRATION 341 15.2 NAKED AND COVERED
POSITIONS 342 15.3 A STOP-LOSS STRATEGY 342 15.4 DELTA HEDGING 344 15.5
THETA 353 15.6 GAMMA 355 15.7 RELATIONSHIP BETWEEN DELTA, THETA, AND
GAMMA 359 15.8 VEGA 359 15.9 RHO 362 15.10 THE REALITIES OF HEDGING 363
15.11 SCENARIO ANALYSIS 364 15.12 PORTFOLIO INSURANCE 364 15.13 STOCK
MARKET VOLATILITY 367 SUMMARY 368 FURTHER READING 369 QUESTIONS AND
PROBLEMS 369 ASSIGNMENT QUESTIONS 371 APPENDIX: TAYLOR SERIES EXPANSIONS
AND HEDGE PARAMETERS 373 CHAPTER 16 VOLATILITY SMILES 375 16.1 PUT-CALL
PARITY REVISITED 375 16.2 FOREIGN CURRENCY OPTIONS 376 16.3 EQUITY
OPTIONS 379 16.4 THE VOLATILITY TERM STRUCTURE AND VOLATILITY SURFACES
381 16.5 GREEK LETTERS 383 16.6 WHEN A SINGLE LARGE JUMP IS ANTICIPATED
383 SUMMARY 385 FURTHER READING 386 QUESTIONS AND PROBLEMS 386
ASSIGNMENT QUESTIONS 388 APPENDIX: DETERMINING IMPLIED RISK-NEUTRAL
DISTRIBUTIONS FROM VOLATILITY SMILES 389 CHAPTER 17 BASIC NUMERICAL
PROCEDURES 391 17 1 BINOMIAL TREES 391 17 ~ USING THE BINOMIAL TREE FOR
OPTIONS ON INDICES, CURRENCIES, AND FUTURES CONTRACTS J * 17.3 BINOMIAL
MODEL FOR A DIVIDEND-PAYING STOCK 401 XII CONTENTS 17.4 ALTERNATIVE
PROCEDURES FOR CONSTRUCTING TREES 406 17.5 TIME-DEPENDENT PARAMETERS 409
17.6 MONTE CARLO SIMULATION 410 17.7 VARIANCE REDUCTION PROCEDURES 417
17.8 FINITE DIFFERENCE METHODS 419 SUMMARY 430 FURTHER READING 430
QUESTIONS AND PROBLEMS 431 ASSIGNMENT QUESTIONS 432 CHAPTER 18 VALUE AT
RISK 435 18.1 THE VAR MEASURE 435 18.2 HISTORICAL SIMULATION 438 18.3
MODEL-BUILDING APPROACH 440 18.4 LINEAR MODEL 442 18.5 QUADRATIC MODEL
446 18.6 MONTE CARLO SIMULATION 448 18.7 COMPARISON OF APPROACHES 449
18.8 STRESS TESTING AND BACK TESTING 450 18.9 PRINCIPAL COMPONENTS
ANALYSIS 450 SUMMARY 454 FURTHER READING 454 QUESTIONS AND PROBLEMS 455
ASSIGNMENT QUESTIONS 456 APPENDIX: CASH-FLOW MAPPING 458 CHAPTER 19
ESTIMATING VOLATILITIES AND CORRELATIONS 461 19.1 ESTIMATING VOLATILITY
461 19.2 THE EXPONENTIALLY WEIGHTED MOVING AVERAGE MODEL 463 19.3 THE
GARCH (1,1) MODEL 465 19.4 CHOOSING BETWEEN THE MODELS 466 19.5 MAXIMUM
LIKELIHOOD METHODS 467 19.6 USING GARCH (1,1) TO FORECAST FUTURE
VOLATILITY 471 19.7 CORRELATIONS 475 SUMMARY 477 FURTHER READING 478
QUESTIONS AND PROBLEMS 478 ASSIGNMENT QUESTIONS 480 CHAPTER 20 CREDIT
RISK 481 20.1 CREDIT RATINGS 481 20.2 HISTORICAL DEFAULT PROBABILITIES
482 20.3 RECOVERY RATES 483 20.4 ESTIMATING DEFAULT PROBABILITIES FROM
BOND PRICES 484 20.5 COMPARISON OF DEFAULT PROBABILITY ESTIMATES 486
20.6 USING EQUITY PRICES TO ESTIMATE DEFAULT PROBABILITIES 489 20.7
CREDIT RISK IN DERIVATIVES TRANSACTIONS 491 20.8 CREDIT RISK MITIGATION
493 20.9 DEFAULT CORRELATION 495 20.10 CREDIT VAR 499 SUMMARY 502
FURTHER READING 503 QUESTIONS AND PROBLEMS 503 ASSIGNMENT QUESTIONS 505
CONTENTS XIII CHAPTER 21 CREDIT DERIVATIVES 507 21.1 CREDIT DEFAULT
SWAPS 507 21.2 CREDIT INDICES 510 21.3 VALUATION OF CREDIT DEFAULT SWAPS
510 21.4 CDS FORWARDS AND OPTIONS 514 21.5 TOTAL RETURN SWAPS 515 21.6
BASKET CREDIT DEFAULT SWAPS 516 21.7 COLLATERALIZED DEBT OBLIGATIONS 516
21.8 VALUATION OF A BASKET CDS AND CDO 519 21.9 CONVERTIBLE BONDS 520
SUMMARY 523 FURTHER READING 524 QUESTIONS AND PROBLEMS 524 ASSIGNMENT
QUESTIONS 526 CHAPTER 22 EXOTIC OPTIONS 529 22.1 PACKAGES 529 22.2
NONSTANDARD AMERICAN OPTIONS 530 22.3 FORWARD START OPTIONS 531 22.4
COMPOUND OPTIONS 531 22.5 CHOOSER OPTIONS 532 22.6 BARRIER OPTIONS 533
22.7 BINARY OPTIONS 535 22.8 LOOKBACK OPTIONS 536 22.9 SHOUT OPTIONS 537
22.10 ASIAN OPTIONS 538 22.11 OPTIONS TO EXCHANGE ONE ASSET FOR ANOTHER
540 22.12 OPTIONS INVOLVING SEVERAL ASSETS 541 22.13 STATIC OPTIONS
REPLICATION 541 SUMMARY 544 FURTHER READING 544 QUESTIONS AND PROBLEMS
545 ASSIGNMENT QUESTIONS 547 APPENDIX: CALCULATION OF MOMENTS FOR
VALUATION OF BASKET OPTIONS AND ASIAN OPTIONS 549 CHAPTER 23 WEATHER,
ENERGY, AND INSURANCE DERIVATIVES 551 23.1 REVIEW OF PRICING ISSUES 551
23.2 WEATHER DERIVATIVES 552 23.3 ENERGY DERIVATIVES 553 23.4 INSURANCE
DERIVATIVES 556 SUMMARY 557 FURTHER READING 558 QUESTIONS AND PROBLEMS
558 ASSIGNMENT QUESTION 559 CHAPTER 24 MORE ON MODELS AND NUMERICAL
PROCEDURES 561 24.1 ALTERNATIVES TO BLACK-SCHOLES 562 24.2 STOCHASTIC
VOLATILITY MODELS 566 24.3 THE IVF MODEL 568 24.4 PATH-DEPENDENT
DERIVATIVES 569 24.5 BARRIER OPTIONS 573 246 OPTIONS ON TWO CORRELATED
ASSETS 576 24.7 MONTE CARLO SIMULATION AND AMERICAN OPTIONS 579 XIV
CONTENTS SUMMARY 583 FURTHER READING 584 QUESTIONS AND PROBLEMS 585
ASSIGNMENT QUESTIONS 586 CHAPTER 25 MARTINGALES AND MEASURES 589 25.1
THE MARKET PRICE OF RISK 590 25.2 SEVERAL STATE VARIABLES 593 25.3
MARTINGALES 594 25.4 ALTERNATIVE CHOICES FOR THE NUMERAIRE 596 25.5
EXTENSION TO SEVERAL FACTORS 599 25.6 APPLICATIONS 600 25.7 CHANGE OF
NUMERAIRE 602 SUMMARY 603 FURTHER READING 604 QUESTIONS AND PROBLEMS 604
ASSIGNMENT QUESTIONS 606 APPENDIX: HANDLING MULTIPLE SOURCES OF
UNCERTAINTY 607 CHAPTER 26 INTEREST RATE DERIVATIVES: THE STANDARD
MARKET MODELS 611 26.1 BLACK'S MODEL 611 26.2 BOND OPTIONS 614 26.3
INTEREST RATE CAPS AND FLOORS 619 26.4 EUROPEAN SWAP OPTIONS 625 26.5
GENERALIZATIONS 629 26.6 HEDGING INTEREST RATE DERIVATIVES 630 SUMMARY
630 FURTHER READING 631 QUESTIONS AND PROBLEMS 631 ASSIGNMENT QUESTIONS
632 CHAPTER 27 CONVEXITY, TIMING, AND QUANTO ADJUSTMENTS 635 27. \
CONVEXITY ADJUSTMENTS 635 27.2 TIMING ADJUSTMENTS 639 27.3 QUANTOS 641
SUMMARY 644 FURTHER READING 644 QUESTIONS AND PROBLEMS 645 ASSIGNMENT
QUESTIONS 646 APPENDIX: PROOF OF THE CONVEXITY ADJUSTMENT FORMULA 648
CHAPTER 28 INTEREST RATE DERIVATIVES: MODELS OF THE SHORT RATE 649 28.1
BACKGROUND 649 28.2 EQUILIBRIUM MODELS 650 28.3 NO-ARBITRAGE MODELS 654
28.4 OPTIONS ON BONDS 658 28.5 VOLATILITY STRUCTURES 659 28.6 INTEREST
RATE TREES 660 28.7 A GENERAL TREE-BUILDING PROCEDURE 662 28.8
CALIBRATION 672 28.9 HEDGING USING A ONE-FACTOR MODEL 673 SUMMARY 673
FURTHER READING 674 QUESTIONS AND PROBLEMS 674 ASSIGNMENT QUESTIONS 676
CONTENTS XV CHAPTER 29 INTEREST RATE DERIVATIVES: HJM AND LMM 679 29.1
THE HEATH, JARROW, AND MORTON MODEL 679 29.2 THE.LIBOR MARKET MODEL 682
29.3 MORTGAGE-BACKED SECURITIES 692 SUMMARY 694 FURTHER READING 695
QUESTIONS AND PROBLEMS 696 ASSIGNMENT QUESTIONS 696 CHAPTER 30 SWAPS
REVISITED 697 30. 1 VARIATIONS ON THE VANILLA DEAL 697 30.2 COMPOUNDING
SWAPS 699 30.3 CURRENCY SWAPS 700 30.4 MORE COMPLEX SWAPS 701 30.5
EQUITY SWAPS 704 30.6 SWAPS WITH EMBEDDED OPTIONS 705 30.7 OTHER SWAPS
708 SUMMARY 709 FURTHER READING 710 QUESTIONS AND PROBLEMS 710
ASSIGNMENT QUESTIONS 711 CHAPTER 31 REAL OPTIONS 713 31.1 CAPITAL
INVESTMENT APPRAISAL 713 31.2 EXTENSION OF THE RISK-NEUTRAL VALUATION
FRAMEWORK 714 31.3 ESTIMATING THE MARKET PRICE OF RISK 716 31.4
APPLICATION TO THE VALUATION OF A BUSINESS 717 31.5 COMMODITY PRICES 717
31.6 EVALUATING OPTIONS IN AN INVESTMENT OPPORTUNITY 722 SUMMARY 727
FURTHER READING 727 QUESTIONS AND PROBLEMS 727 ASSIGNMENT QUESTIONS 728
CHAPTER 32 DERIVATIVES MISHAPS AND WHAT WE CAN LEARN FROM THEM , 729
32.1 LESSONS FOR ALL USERS OF DERIVATIVES _ 729 32.2 LESSONS FOR
FINANCIAL INSTITUTIONS 733 32.3 LESSONS FOR NONFINANCIAL CORPORATIONS
737 SUMMARY 738 FURTHER READING 738 GLOSSARY OF TERMS 741 DERIVAGEM
SOFTWARE 761 MAJOR EXCHANGES TRADING FUTURES AND OPTIONS 767 TABLE FOR
N(X) WHEN X ^ 0 768 TABLE FOR N(X) WHEN * 5* 0 769 AUTHOR INDEX 771
SUBJECT INDEX 775 PPN: 118090461 TITEL: OPTIONS, FUTURES, AND OTHER
DERIVATIVES / JOHN C. HULL. - . - UPPER SADDLE RIVER, NJ : PEARSON,
PRENTICE HALL, 2006 ISBN: 0-13-149908-4(BUCH); 0-13-149909-2(CD-ROM)
BIBLIOGRAPHISCHER DATENSATZ IM SWB-VERBUND |
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| discipline_str_mv | Wirtschaftswissenschaften |
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| index_date | 2024-07-02T13:40:45Z |
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| language | English |
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| spelling | Hull, John 1946- Verfasser (DE-588)109733290 aut Student Solutions manual Options, futures and other derivatives John C. Hull 6. ed. Upper Saddle River, NJ Pearson Education 2006 221 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Erg. zu: Hull, John C.: Options, futures and other derivatives Optionsmarkt (DE-588)4381644-7 gnd rswk-swf Termingeschäft (DE-588)4117190-1 gnd rswk-swf Optionshandel (DE-588)4126185-9 gnd rswk-swf Termingeschäft (DE-588)4117190-1 s Optionshandel (DE-588)4126185-9 s DE-604 Optionsmarkt (DE-588)4381644-7 s Hull, John 1946- (DE-588)109733290 aut Options, futures and other derivatives SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014577959&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hull, John 1946- Hull, John 1946- Student Solutions manual Options, futures and other derivatives Optionsmarkt (DE-588)4381644-7 gnd Termingeschäft (DE-588)4117190-1 gnd Optionshandel (DE-588)4126185-9 gnd |
| subject_GND | (DE-588)4381644-7 (DE-588)4117190-1 (DE-588)4126185-9 |
| title | Student Solutions manual Options, futures and other derivatives |
| title_alt | Options, futures and other derivatives |
| title_auth | Student Solutions manual Options, futures and other derivatives |
| title_exact_search | Student Solutions manual Options, futures and other derivatives |
| title_exact_search_txtP | Student Solutions manual Options, futures and other derivatives |
| title_full | Student Solutions manual Options, futures and other derivatives John C. Hull |
| title_fullStr | Student Solutions manual Options, futures and other derivatives John C. Hull |
| title_full_unstemmed | Student Solutions manual Options, futures and other derivatives John C. Hull |
| title_short | Student Solutions manual Options, futures and other derivatives |
| title_sort | student solutions manual options futures and other derivatives |
| topic | Optionsmarkt (DE-588)4381644-7 gnd Termingeschäft (DE-588)4117190-1 gnd Optionshandel (DE-588)4126185-9 gnd |
| topic_facet | Optionsmarkt Termingeschäft Optionshandel |
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