product description page

Understanding Derivatives : Options, Futures, Swaps, Mbss, Cdos and Others (Paperback) (Robert Strong &

$59.45
MSRPReg: $69.95 Save $10.50 (15% off)
shipping not available
free order pickup not available
not sold at Manhattan Herald Square

about this item

Although most universities now have an undergraduate derivatives course, many instructors were, and still are, in desperate need of a book with coverage that is both adequate and accessible – as most textbooks on financial derivatives are either too basic or too advanced for undergraduate students.Understanding Derivatives: Options, Futures, Swaps, MBSs, CDOs and Others, First Edition, provides a broad introduction to the options, futures, swaps and interest rate options markets, and also provides the intuition needed to understand the fundamental mathematics of pricing. In addition, coverage of innovative derivative products such as exotic options, weather derivatives, catastrophe futures and volatility spreads has not been neglected. We cover these concepts – without delving into their pricing or valuation – and conclude with a contemporary issues chapter that discusses the latest developments in the field.This book presents a good balance of theory and practice. It is important for a student of the derivatives market to understand how arbitrage arguments lead to rational option pricing, why the cost of carry is crucial to futures pricing, and how a swap dealer determines the fixed rate on an interest rate swap. These are enjoyable topics to learn about, and motivated finance students can find them fascinating. At the same time, it is equally important to understand how the end-user makes intelligent use of these products as risk management tools. Additionally, a variety of application examples are included from the perspective of both the speculator and the hedger.

more to consider

  • Unbelievable : My Front-Row Seat to the Craziest Campaign in American History (Reprint) (Paperback)

    $11.59

  • Way of Rest : Finding the Courage to Hold Everything in Love (Paperback) (Jeff Foster)

    $12.88

  • God's Not Dead 2 (Paperback) (Travis Thrasher)

    $10.19

  • Under the Cover of Light : The Extraordinary Story of USAF Col Thomas Jerry Curtis's 7 1/2 Year

    $16.99

  • Under Their Skin (Hardcover) (Margaret Peterson Haddix)

    $11.89

recommended

  • SheaMoisture® Mongongo & Hemp Seed Oils High Porosity Moisture-Seal Shampoo - 13 fl oz

    $10.99

  • 2018 TF Publishing Desk Calendar

  • Employment Discrimination (Paperback) (Joel Wm. Friedman)

    $50.30

  • Thousands : Poems (Paperback) (Lightsey Darst)

    $11.56

  • Love Print Throw Pillow Collection - Surya

    $20.99 - $27.99


from the manufacturer


guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.