Options, futures, and other derivatives:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Upper Saddle River, NJ
Pearson, Prentice Hall
2006
|
| Ausgabe: | 6. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | CD-ROM u.d.T.: DerivaGem software |
| Beschreibung: | XXII, 789 S. graph. Darst. 1 CD-ROM (12 cm) |
| ISBN: | 0131499084 0131499092 |
Internformat
MARC
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Datensatz im Suchindex
| _version_ | 1806142884000301056 |
|---|---|
| adam_text |
CONTENTS IN BRIEF
List of Business Snapshots xvi
List of Technical Notes xvii
Preface xix
1. Introduction 1
2. Mechanics of futures markets 21
3. Hedging strategies using futures 47
4. Interest rates 75
5. Determination of forward and futures prices 99
6. Interest rate futures 129
7. Swaps 149
8. Mechanics of options markets 181
9. Properties of stock options 205
10. Trading strategies involving options 223
11. Binomial trees 241
12. Wiener processes and Ito's lemma 263
13. The Black Scholes Merton model 281
14. Options on stock indices, currencies, and futures 313
15. The Greek letters 341
16. Volatility smiles 375
17. Basic numerical procedures 391
18. Value at risk 435
19. Estimating volatilities and correlations 461
20. Credit risk 481
21. Credit derivatives 507
22. Exotic options 529
23. Weather, energy, and insurance derivatives 551
24. More on models and numerical procedures 561
25. Martingales and measures 589
26. Interest rate derivatives: the standard market models 611
27. Convexity, timing, and quanto adjustments 635
28. Interest rate derivatives: models of the short rate 649
29. Interest rate derivatives: HJM and LMM 679
30. Swaps revisited 697
31. Real options 713
32. Derivatives mishaps and what we can learn from them 729
Glossary of terms 741
DerivaGem software 761
Major exchanges trading futures and options 767
Tables for N(x) 768
Author index 771
Subject index 775
Contents
List of Business Snapshots xvi
List of Technical Notes xvii
Preface xix
Chapter 1 Introduction 1
1.1 Exchange traded markets 1
1.2 Over the counter markets 2
1.3 Forward contracts 3
1.4 Futures contracts 6
1.5 Options 6
1.6 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 Basic principles 47
3.2 Arguments for and against hedging 50
3.3 Basis risk 53
3.4 Cross hedging 56
3.5 Stock index futures 60
vii
viii 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 Confirmations 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 178
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 non dividend paying stock 215
9.6 Early exercise: puts on a non dividend paying stock 216
9.7 Effect of dividends 218
Summary 219
Further reading 220
Questions and problems 220
Assignment questions 222
Chapter 10 Trading strategies involving options 223
10.1 Strategies involving a single option and a stock 223
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 1VF model 568
24.4 Path dependent derivatives 569
24.5 Barrier options 573
24.6 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
27.1 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 x 0 769
Author index 771
Subject index 775 |
| adam_txt |
CONTENTS IN BRIEF
List of Business Snapshots xvi
List of Technical Notes xvii
Preface xix
1. Introduction 1
2. Mechanics of futures markets 21
3. Hedging strategies using futures 47
4. Interest rates 75
5. Determination of forward and futures prices 99
6. Interest rate futures 129
7. Swaps 149
8. Mechanics of options markets 181
9. Properties of stock options 205
10. Trading strategies involving options 223
11. Binomial trees 241
12. Wiener processes and Ito's lemma 263
13. The Black Scholes Merton model 281
14. Options on stock indices, currencies, and futures 313
15. The Greek letters 341
16. Volatility smiles 375
17. Basic numerical procedures 391
18. Value at risk 435
19. Estimating volatilities and correlations 461
20. Credit risk 481
21. Credit derivatives 507
22. Exotic options 529
23. Weather, energy, and insurance derivatives 551
24. More on models and numerical procedures 561
25. Martingales and measures 589
26. Interest rate derivatives: the standard market models 611
27. Convexity, timing, and quanto adjustments 635
28. Interest rate derivatives: models of the short rate 649
29. Interest rate derivatives: HJM and LMM 679
30. Swaps revisited 697
31. Real options 713
32. Derivatives mishaps and what we can learn from them 729
Glossary of terms 741
DerivaGem software 761
Major exchanges trading futures and options 767
Tables for N(x) 768
Author index 771
Subject index 775
Contents
List of Business Snapshots xvi
List of Technical Notes xvii
Preface xix
Chapter 1 Introduction 1
1.1 Exchange traded markets 1
1.2 Over the counter markets 2
1.3 Forward contracts 3
1.4 Futures contracts 6
1.5 Options 6
1.6 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 Basic principles 47
3.2 Arguments for and against hedging 50
3.3 Basis risk 53
3.4 Cross hedging 56
3.5 Stock index futures 60
vii
viii 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 Confirmations 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 178
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 non dividend paying stock 215
9.6 Early exercise: puts on a non dividend paying stock 216
9.7 Effect of dividends 218
Summary 219
Further reading 220
Questions and problems 220
Assignment questions 222
Chapter 10 Trading strategies involving options 223
10.1 Strategies involving a single option and a stock 223
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 1VF model 568
24.4 Path dependent derivatives 569
24.5 Barrier options 573
24.6 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
27.1 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 x 0 769
Author index 771
Subject index 775 |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Hull, John 1946- |
| author_GND | (DE-588)109733290 |
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| author_variant | j h jh |
| building | Verbundindex |
| bvnumber | BV021461996 |
| callnumber-first | H - Social Science |
| callnumber-label | HG6024 |
| callnumber-raw | HG6024.A3 |
| callnumber-search | HG6024.A3 |
| callnumber-sort | HG 46024 A3 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 620 QK 660 |
| classification_tum | WIR 170f |
| ctrlnum | (OCoLC)837245038 (DE-599)BVBBV021461996 |
| dewey-full | 332.645 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.645 |
| dewey-search | 332.645 |
| dewey-sort | 3332.645 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | 6. ed. |
| format | Book |
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| id | DE-604.BV021461996 |
| illustrated | Illustrated |
| index_date | 2024-07-02T14:08:05Z |
| indexdate | 2024-08-01T00:27:58Z |
| institution | BVB |
| isbn | 0131499084 0131499092 |
| language | English |
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| spellingShingle | Hull, John 1946- Options, futures, and other derivatives Futures Stock options Derivative securities Stochastik (DE-588)4121729-9 gnd Optionsmarkt (DE-588)4381644-7 gnd Finanzmathematik (DE-588)4017195-4 gnd Optionspreistheorie (DE-588)4135346-8 gnd Financial Futures (DE-588)4128564-5 gnd Derivat Wertpapier (DE-588)4381572-8 gnd Diskette (DE-588)4122115-1 gnd Optionsgeschäft (DE-588)4043670-6 gnd Termingeschäft (DE-588)4117190-1 gnd Optionshandel (DE-588)4126185-9 gnd Option (DE-588)4115452-6 gnd |
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| title | Options, futures, and other derivatives |
| title_alt | DerivaGem software |
| title_auth | Options, futures, and other derivatives |
| title_exact_search | Options, futures, and other derivatives |
| title_exact_search_txtP | Options, futures, and other derivatives |
| title_full | Options, futures, and other derivatives John C. Hull |
| title_fullStr | Options, futures, and other derivatives John C. Hull |
| title_full_unstemmed | Options, futures, and other derivatives John C. Hull |
| title_short | Options, futures, and other derivatives |
| title_sort | options futures and other derivatives |
| topic | Futures Stock options Derivative securities Stochastik (DE-588)4121729-9 gnd Optionsmarkt (DE-588)4381644-7 gnd Finanzmathematik (DE-588)4017195-4 gnd Optionspreistheorie (DE-588)4135346-8 gnd Financial Futures (DE-588)4128564-5 gnd Derivat Wertpapier (DE-588)4381572-8 gnd Diskette (DE-588)4122115-1 gnd Optionsgeschäft (DE-588)4043670-6 gnd Termingeschäft (DE-588)4117190-1 gnd Optionshandel (DE-588)4126185-9 gnd Option (DE-588)4115452-6 gnd |
| topic_facet | Futures Stock options Derivative securities Stochastik Optionsmarkt Finanzmathematik Optionspreistheorie Financial Futures Derivat Wertpapier Diskette Optionsgeschäft Termingeschäft Optionshandel Option Aufgabensammlung Lehrbuch Übungssammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014681929&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT hulljohn optionsfuturesandotherderivatives AT hulljohn derivagemsoftware |