All About Derivatives / Edition 2

by Michael Durbin

Overview

All About Derivatives, Second Edition, presents the complex subject of financial derivatives with a clarity and coherence you won’t find in other books. Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of All About Derivatives provides a rock-solid foundation on:

• The most common contracts available to you in today's market
• Key concepts such as cost of carry, settlement, valuation, and payoff
• Proven methods for establishing fair value
• How leverage can work for you—and against you
• The various derivative contracts traded today, including forwards, futures, swaps, and options
• Pricing methods and mathematics for determining fair value
• Hedging strategies for managing and reducing different types of risk

INCLUDES A BRAND-NEW CHAPTER ON THE ROLEDERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN

Product Details

ISBN-13:	9780071743518
Publisher:	McGraw Hill LLC
Publication date:	11/16/2010
Series:	All About Series
Pages:	288
Sales rank:	687,176
Product dimensions:	5.90(w) x 8.90(h) x 0.80(d)

About the Author

Michael Durbin is a writer, educator, and financial technology consultant specializing in high-frequencytrading of financial derivatives. He has taught at Duke University's Fuqua School of Business and the University of North Carolina's Kenan-Flagler Business School and hashelped numerous Wall Street firms develop derivative pricing and trading systems. Durbin lives in Chapel Hill, North Carolina.

Table of Contents

Introduction
Chapter 1 Derivatives in a Nutshell
Chapter 2 The Forward Contract
Chapter 3 The Futures Contract
Chapter 4 The Swap Contract
Chapter 5 The Option Contract
Chapter 6 Credit Derivatives
Chapter 7 Using Derivatives to Manage Risk
Chapter 8 Pricing Forwards and Futures
Chapter 9 Pricing Swaps
Chapter 10 Pricing Options
Chapter 11 Hedging a Derivatives Position
Chapter 12 Derivatives and the 2008 Financial Meltdown
Epilogue Are Derivatives Any Good?
Appendix A All About Interest
Appendix B Swap Conventions
Appendix C More Binomial Option Pricing
Bibliography
Index
Footnotes
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