For undergraduate and graduate courses in Options and Futures, Financial Engineering, and Risk Management, typically found in business, finance, economics and mathematics departments.
This fifth edition text 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. It assumes that the student has taken an introductory course in finance and an introductory course in probability and statistics.
Features and Benefits:
One- and two-step binomial trees - Provide a good introduction to no-arbitrage arguments, risk-neutral valuation, and numerical procedures. Guides students through difficult subject matter using a visual, model-based approach for easy understanding.
Discussion of credit risk and credit derivatives. Credit risk is becoming a progressively more important issue in derivatives markets and the volume of trading in credit derivatives is growing fast. Это и многое другое вы найдете в книге Options, Futures, and Other Derivatives (5th Edition) (John C. Hull)