Options, Futures, and Other Derivatives (4th Edition)

Concepts that are likely to be new to many readers have been explained carefully, and many numerical examples have been included. Volatility smiles and alternatives to Black-Scholes now appear before the chapter on exotic options, which in turn appears before the material on interest rate derivatives. Over the years many people have asked me to make the solutions more generally available. Updates to the software can be downloaded from my Web site (mgmt.utoronto/-hull). Interest rate derivatives can be valued either using Black's model or a no-arbitrage model. If the level of mathematical sophistication is too high, the material is likely to be inaccessible to many students and practitioners. Answers to Questions Solutions to the end-of-chapter problems in t

A Must Have for any Risk Manager's Library Dr. S. P. GREINER One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fail. abhi said Not a easy read if you do not know about options. Very well written. Not a easy read if you do not know about options. But covers the concepts very well , and not just on surface,. The end of the chapters problems are pretty helpful too.. classical book I was planning to buy this book for a few years.This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them.It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books b

It assumes that the reader has taken an introductory course in finance and an introductory course in probability and statistics. For undergraduate and graduate courses in Options and Futures, Financial Engineering and Risk Management, typically found in business, finance, economics and mathematics departments. Also suitable for practitioners who want to acquire a working knowledge of how derivatives can be analyzed.This best seller represents how academia and real-world practice have come together with a common respect and focus of theory and practice. It provides a unifying approach to the valuation of all derivatives--not just futures and options. No prior knowledge of options, futures contracts, swaps, and so on is assumed.