Futures, Options and Swaps - Hardcover

Kolb, Robert W.

3.7

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9781878975423: Futures, Options and Swaps

Hardcover

ISBN 10: 1878975420 ISBN 13: 9781878975423

Publisher: Kolb Pub Co, 1994

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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.

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