Options, Futures, and Other Derivatives and DerivaGem CD Package (8th Edition)

Rotman School of Management, University of Toronto. . About the Author Hull, Joseph L

Designed to bridge the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics.The eighth edition has been updated and improved–featuring a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued.  0132777428 / 9780132777421 Options, Futures, and Other Derivatives and DerivaGem CD Package  Package consists of:    0132164949 / 9780132164948 Options, Futures

A Must Have for any Risk Manager's Library 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 fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for pricing corporate bonds, the options pricing methods because it makes binomial pricing for options really easy to program yourself. This is one book you need. 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.. F. N. Tavares said 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 before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale result for change of numeraire). Interest rate derivatives are well introduced here and the new chapter on more numerical procedures extends the results from

. Hull, Joseph L. Rotman School of Management, University of Toronto