Home   FAQs   New Arrivals   Specials   Pricing & Shipping   Location   Corporate Services   Why Choose Bookware?  
 Search:   
Call our store: 9955 5567 (from within Sydney) or 1800 734 567 (from outside Sydney)
 View Cart   Check Out   
 
Browse by Subject
 TAFE Accounting
 TAFE I.T./Computing
 TAFE - Other
I.T
 .NET
 Windows 8
 Adobe CS6
 Cisco
 CCNA 2012
 CCNP 2012
 Java
 VB
 ASP
 Web Design
 E-Commerce
 Project Management
 ITIL
 Macintosh
 Mobile Devices
 Linux
 Windows Server 2012
 SQL Server 2012
 SAP
Certification
 MCITP
 MCTS
Economics and Business
 Accounting
 Business Information Systems
 Economics
 Finance
 Management
 Marketing
 TAX
 Human Resources
Academic
 Law
 Nursing
 Medical
 Psychology
 Engineering

Options, Futures, and Other Derivatives with Derivagem CD, 7th Edition

by: JOHN C HULL

Notify me when in stock

On-line Price: $150.95 (includes GST)

Hardcover & CD package 848

13%Off Retail Price

You save: $22.00

Usually ships within 4 - 5 business days.

Retail Price: $172.95

Publisher: PRENTICE HALL,08.05.08

Category: FINANCE Level: B/I/A

ISBN: 0136015867
ISBN13: 9780136015864

Add to Shopping Cart

PRESCRIBED TEXT FOR:
FINM7041 AT ANU, SEMESTER 1 2010
FINS3635 AT UNSW, SEMESTER 2 2011

For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.

Designed to bridge the gap between theory and practice, this highly successful book is the top seller among both the academic audience and derivative practitioners around the world.



New To This Edition

top


For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.

Designed to bridge the gap between theory and practice, this highly successful book is regarded as the "bible" on trading floors and in academic classrooms throughout the world.

NEW! Employee Stock Options

A new chapter on employee stock options has been included in this text. Issues such as whether employee stock options align the interests of senior executives and shareholders, how the options should be valued, and backdating scandals are quite topical and students enjoy discussing them.

NEW! Credit Derivatives

Chapter 23 on credit derivatives has been expanded to include material on:

·


          Subprime mortgages in the U.S.

·


          Asset-backed securities

·


          The credit crunch of 2007

·


          The valuation of CDO's

·


          The implementation of the Gaussian copula model

·


          Alternatives to the Gaussian copula model

OTHER TOPICS OF DISTINCTION

* Options on futures are now covered in a separate chapter from options on indices and currencies.

* Many new topics are covered. For example, I cover the VIX volatility index in Chapters 13 and 26, variance swaps in Chapter 26, Gaussian quadrature (for the implementation of the Gaussian copula model) in Chapter 23, how transactions involving index credit spreads work (Chapter 23), and more on volatility smiles (Chapter 18).

* End-of-chapter problems have been added.

* Chapter 17 on Greek letters has been restructured with various letters now explained in the context of an option on a non-dividend paying stock.

* Chapter 4 now contains a more detailed description of liquidity preference theory and how banks manage net interest income.

* The second argument of f is now the variance rather than the standard deviation of the distribution.



Features and Benefits

top


For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.

Designed to bridge the gap between theory and practice, this highly successful book is regarded as the "bible" on trading floors and in academic classrooms throughout the world.

Mathematical Sophistication

One of the key decisions that must be made by an author who is writing in the area of derivatives concerns the use of mathematics.

If the level of mathematical sophistication is too high, the material is likely to be inaccessible to many students and practitioners.

If it is too low, some important issues will inevitably be treated in a rather superficial way.


  * Nonessential mathematical material has been either eliminated or included in end-of-chapter appendices and the technical notes on my website.


  * Concepts that are likely to be new to many readers have been explained carefully, and many numerical examples have been included.

NEW! Employee Stock Options

A new chapter on employee stock options has been included in this text. Issues such as whether employee stock options align the interests of senior executives and shareholders, how the options should be valued, and backdating scandals are quite topical and students enjoy discussing them.

Credit Derivatives

Chapter 23 on credit derivatives has been expanded to include material on:

·


          Subprime mortgages in the U.S.

·


          Asset-backed securities

·


          The credit crunch of 2007

·


          The valuation of CDOs

·


          The implementation of the Gaussian copula model

·


          Alternatives to the Gaussian copula model

Software

Version 1.5101 of DerivaGem is included with this book. This consists of two Excel applications: the Options Calculator and the Applications Builder.


  * The Options Calculator - Consists of easy-to-use software for valuing a wide range of options.


  * The Applications Builder - consists of a number of Excel functions from which users can build their own applications. It includes a number of sample applications and enables students to explore the properties of options and numerical procedures more easily. It also allows more interesting assignments to be designed.

OTHER TOPICS OF DISTINCTION

* Options on futures are now covered in a separate chapter from options on indices and currencies.

* Many new topics are covered. For example, I cover the VIX volatility index in Chapters 13 and 26, variance swaps in Chapter 26, Gaussian quadrature (for the implementation of the Gaussian copula model) in Chapter 23, how transactions involving index credit spreads work (Chapter 23), and more on volatility smiles (Chapter 18).

* End-of-chapter problems have been added.



Table of Contents

top


Preface
1.


  Introduction
2.


  Mechanics of Futures Markets
3.


  Hedging Strategies Using Futures
4.


  Interest Rates
5.


  Determination of Forward and Futures Prices
6.


  Interest Rate Futures
7.


  Swaps
8.


  Mechanics of Options Markets
9.


  Properties of Stock Options
10.


  Trading Strategies Involving Options
11.


  Binomial Trees
12.


  Wiener Processes and Itô's lemma
13.


  The Black-Scholes-Merton Model
14.


  Options on Stock Indices, Currencies, and Futures
15.


  The Greek Letters
16.


  Volatility Smiles
17.


  Basic Numerical Procedures
18.


  Value at Risk
19.


  Estimating Volatilities and Correlations
20.


  Credit Risk
21.


  Credit Derivatives
22.


  Exotic Options
23.


  Weather, Energy, and Insurance Derivatives
24.


  More on Models and Numerical Procedures
25.


  Martingales and Measures
26.


  Interest Rate Derivatives: The Standard Market Models
27.


  Convexity, Timing, and Quanto Adjustments
28.


  Interest Tate Derivatives: Models of the Short Rate
29.


  Interest Rate Derivatives: HJM and LMM
30.


  Swaps Revisited
31.


  Real Options
32.


  Derivatives Mishaps and What We Can Learn from Them
Glossary of terms
DerivaGem software
Major exchanges trading futures and options
Tables for N(x)
Author index
Subject index