The publisher, Prentice Hall Business Publishing
Widely-adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math, this text bridges the gap between the theory and practice of derivatives, and helps students develop a solid working knowledge of how derivatives can be analyzed. It deals with a wide range of derivative products and provides complete coverage of key analytical material.

FROM THE PUBLISHER

This fifth edition book bridges the gap between the theory and practice of derivatives. It provides a unifying approach to the valuation of all derivatives—not just futures and options. It assumes that the reader has some knowledge of finance and probability and statistics. Topics covered include Determination of Forward and Futures Prices, Interest Rate Markets, Mechanics of Options Markets, and Properties of Stock Options. For individuals who work for banks and other financial institutions, as well as options traders, options analysts, risk managers, swaps traders, financial engineers, and corporate treasurers.

SYNOPSIS

Suited for advanced undergraduates or graduate students, this textbook covers both derivative markets and risk management. Chapters discuss futures markets, prices, hedging strategies, interest rate markets, swaps, options markets, properties of stock options, trading strategies, binomial trees, the Black-Scholes model, volatility, value at risk, numerical procedures, exotic options, martingales and measures, interest rate derivatives, credit risk, credit derivatives, real options, insurance, and derivatives mishaps. Hull teaches finance and management at the University of Toronto. Annotation c. Book News, Inc., Portland, OR

FROM THE CRITICS

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