An introduction to derivatives and risk management / Don M. Chance, Robert Brooks. (Text)

Reprint. Originally published: 2014

1.Introduction -- 2. Structure of derivatives markets -- 3. Principles of option pricing -- 4. Option pricing models: the binomial model -- 5. Option pricing models: the Black-Scholes-Merton model -- 6. Basic option strategies -- 7. Advanced option strategies -- 8. Principles of pricing forwards, futures, and options on futures -- 9. Futures arbitrage strategies -- 10. Forward and futures hedging, spread, and target strategies -- 11. Swaps -- 12. Interest rate forwards and options -- 13. Advanced derivatives and strategies -- 14. Financial risk management techniques and applications -- 15. Managing risk in an organisation.

One book gives you a solid understanding of how derivatives are used to manage the risks of financial decisions. Extremely reader friendly, market-leading INTRODUCTION TO DERIVATIVES AND RISK MANAGEMENT (WITH STOCK-TRAK COUPON), 10e is packed with real-world examples while keeping technical mathematics to a minimum. With a blend of institutional material, theory, and practical applications, the book delivers detailed coverage of options, futures, forwards, swaps, and risk management as well as a balanced introduction to pricing, trading, and strategy. The financial information throughout reflects the most recent changes in the derivatives market--one of the most volatile sectors in the financial world. New "Taking Risk in Life" features illustrate the application of risk management in real-world financial decisions. In addition, Stock-Trak software is available with each new text, giving you hands-on practice managing a hypothetical portfolio.