Futures, Options And Swaps - Hardcover

KOLB

Hardcover

ISBN 10: 1878975420 ISBN 13: 9781878975423

Publisher: Wiley–Blackwell, 1995

Synopsis

This text a comprehensive treatment of the three most important types of financial derivatives which are linked by a common pricing framework, the proposition that rational prices preclude arbitrage profits. This guiding principle is introduced in the first chapter and pursued throughout the text. Additionally, the text emphasizes the use of futures, options, and swaps in risk management. While the author features ample examples of speculative strategies that can be implemented with these instruments, the discussion emphasizes the relationship among futures, options, and swaps, for example, various parity conditions are derived and illustrated. The treatment in this text emphasizes financial derivatives, but it does not neglect traditional commodity futures. Each copy of the text is accompanied by OPTION!, an IBM PC-compatible software program, which computes the option values discussed in the book, and can be used to solve the more than 50 exercises designed to enhance the understanding of option pricing principles and applications. An instructor's manual and futures data diskette with settlement prices on a wide variety of futures contacts is available to adopters.

About this title

Review

"The best college textbook I have ever reviewed...every finance professor and practitioner should have a copy because it breaks new ground on several fronts." 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

From the Back Cover

Written in a clear, conversational style, this fourth edition of the classic Futures, Options, and Swaps provides the most comprehensive coverage of derivatives currently available. This book is renowned for providing an excellent balance between introductory and advanced topics.

This new edition includes many new applications exercises at the end of each chapter. An enhanced and updated version of OPTION! the IBM PC–compatible program that can compute virtually every option and swap value discussed in this book is included with the text. The software is also downloadable from the Futures, Options, and Swaps website, www.blackwellpublishing.com/kolb.

The fourth edition has been extensively updated and reflects the evolution away from the ′Chicago′–style markets that has happened in recent years. Chapters on futures markets, interest rate futures, and stock index futures have also been significantly revised.

Edition details

• Publisher: Wiley–Blackwell
• Publication date: 1995
• ISBN 10: 1878975420
• ISBN 13: 9781878975423
• Binding: Hardcover
• Language: English
• Number of pages: 770