Introduction to Derivatives & Risk Management Sixth Edition (6)

A market leader, this book has detailed but flexible coverage of options, futures, forwards, swaps, and risk management - as well as a solid introduction to pricing, trading, and strategy allowing readers to gain valuable information on a wide range of topics and apply to situations they may face. Benefits: - Extensive set of PowerPoint slides with hyperlinked tables and figures from the text. - Flexible mathematical approach puts more complex material in end-of-chapter appendices. - Internet-related information and text web site keeps material current. - Real-world examples from actual market conditions show practicality of chapter theories. - A collection of figures in the text that build on each other, illustrating links between puts, calls, stocks, risk-free bonds, futures, options, forwards, Black-Scholes call/put pricing, etc. - Concept Problems provide extra challenge beyond typical end-of-chapter material. - Sections on mortgage-backed securities, structured notes, derivatives accounting, and best practices benchmarks for risk management. - Outstanding blend of institutional material, theory, and practical applications. - Integration of currency derivatives and options on futures with other related material throughout the text. - Two chapters on risk management. - Coverage of new topics: weather, power, energy derivative, real options, CBOE's Volatility Index, and single-stock futures. - New "Derivatives Tools: Concepts, Applications and Extensions" boxes cover material that may require review or elaboration or may extend the material presented in the text. - Price quotations covered from Internet sources. - Spreadsheets have been rewritten and streamlined for easier use. - New spreadsheet teaching tool illustrates the dynamics of option boundary conditions. - New portable Black-Scholes Excel User-Defined Function can be exported to calculate Black-Scholes value and Greeks in any spreadsheet in a single cell.