Futures, Options and Swaps is the American Institute of Management Research′s recommended text for students preparing for the Chartered Financial Analyst exam. It is an ideal text for students in finance or economics/finance programs who have completed one semester of investments at either the undergraduate or post–graduate level.
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"Bob Kolb′s Futures, Options, and Swaps is the best college textbook I have ever reviewed in my 25–year teaching career. In my opinion, every finance professor and practitioner should have a copy because it breaks new ground on several fronts. This book is self–contained and combines theory with practice. It is solidly grounded in modern derivative theory and yet has strong ties to the real world of financial derivatives." Suk H. Kim, University of Detroit Mercy
"This edition, with its outstanding balance of theory and application along with its thorough coverage of relevant institutional arrangements, provides students at all levels with an excellent understanding of these markets. The accompanying OPTION! software is a powerful teaching aide for the pricing of various option and swaps products." Gerry Gay, Georgia State University
Blackwell Publishers
FUTURES, OPTIONS, & SWAPS, SECOND EDITION, provides a comprehensive treatment of the three most important types of financial derivatives. These three derivatives are linked by a common pricing framework -- the proposition that rational prices preclude arbitrage profits. Readers learn the relationship between these derivatives and how the markets are affected by fluctuations in their pricing. The text also emphasizes the use of futures, options and swaps in risk management and provides extensive examples describing how these instruments can be implemented, and illustrates the relationship between each instrument.
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