Mark Rubinstein, «Rubinstein On Derivatives»
Haas School of Business at the University of California | ISBN 1899332537 | 2000 Year | PDF | 471 Pages
Haas School of Business at the University of California | ISBN 1899332537 | 2000 Year | PDF | 471 Pages
| “ | The authentic voice of a genuine master of his craft in a full introduction to modern derivatives pricing and hedging that is clear, provocative and rich in insight and experience Designed for the widest audience, without sacrificing a high level of understanding, graduating from limited math to arithmetic and algebra and some calculus. Covers forwards and futures, options, binomial trees, Black-Scholes, volatility and dynamic strategies with detailed definitions and examples Assets, Derivatives and Markets Basic concepts Underlying assets Classes of derivatives Examples of derivatives Markets Forwards and Futures Asset and Cash Valuation and replication Examples of forwards and futures Hedging with futures Swaps Introduction to Options Basic positions Combined positions Valuation Replication The Binomial Option Pricing Model Single-period model Multiperiod model Hedging with options Extensions Options on bonds The Black-Scholes Formula Derivation Hedging parameters Extensions Volatilty Realised volatility Implied volatility Dynamic Strategies Dynamic asset allocation Portfolio insurance Simulation | ” |
"For the pleasure not the pressure"