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Derivatives : theory and practice /

Cuthbertson, Keith,

Derivatives : theory and practice / Keith Cuthbertson, Dirk Nitzsche & Niall Michael O'Sullivan. - 1st ed. - Chichester: Wiley, c2020. - xxxii, 880 p.: 25 cm.

Includes bibliographical references and index.

Derivative securities -- Future markets -- Forward and future prices -- Futures : hedging and speculation -- Index futures -- Strategies : stock index futures -- Currency forwards and futures -- Interest rates -- Bond markets -- Bonds : duration and convexity -- Interest rate futures -- Hedging with interest rate futures -- T-bond futures -- Options markets -- Use of options -- Black-scholes model -- Option strategies -- Stock options and stock index options -- Foreign currency options -- BOPM : introduction -- BOPM : Implementation -- BOPM : extensions -- Analysis of black -scholes -- Pricing European options -- Pricing options : Monte Carlo simulation -- Delta hedging -- The greeks -- Portfolio insurance -- Other options -- Exotic options -- Energy and weather derivatives -- Interest rate swaps -- Pricing interest rate swaps -- Other rate swaps -- Equity swaps -- T-bond ,caps , floors and collar -- Swaptions, Forward swaps , and MBS -- Pricing fixed income options : Black 's model and MCS -- Pricing fixed income derivatives :BOPM -- Credit derivatives -- Market risk -- price dynamics

"The aim of this book is to present a clear exposition of key results on pricing, hedging and speculation using derivative securities. The emphasis is on drawing out the practical uses of derivatives. The reader needs only to have undertaken an introductory course in finance, together with some basic statistics and simple algebra, including calculus. The mathematics and statistics have been kept to a minimum, with the emphasis on intuitive explanations and practical applications. For those requiring some revision of basic finance concepts, these can be found in a companion text, Investments, 2nd edition (K. Cuthbertson and D. Nitzsche, John Wiley)"--

9781119595595

2019026414


Derivative securities.

HG6024.A3 / C88 2020

332.64/57