Options, futures, and other derivatives : John C Hull

Includes index.

Chapter 1 Introduction, 2 - Mechanics of future markets, 3 - Hedging strategies using futures, 4 - Interest rates, 5 - Determination of forward and future prices, Interest rate futures, 7 - Swaps, 8 - Securitization and the credit crisis of 2007, 9 - Mechanics of option markets, 10 - Properties of stock options, 11 - Trading strategies involving options, 12 - Binomial trees, 13 - Wiener processes and Ito's Lemma, 14 - The Black- Scholes- Merton model, 15 - Employee stock options, 16 - Options on stock indices and currencies, 17 - Future options, 18 - The Greek letters, 19 - Volatility smiles, 20 - Basic numerical procedures, 21 - Value at risk, 22 - Estimating volatilities and correlations, 23 - Credit risk, 24 - Credit derivatives, 25 - Exotic options, 26 - More on models and numerical procedures, 27 - Martingales and measures, 28 - Interest rate derivatives: the standard market models, 29 - Convexity, timing and quanto adjustments, 30 - Interest rate derivatives: models of the short rate, 31 - Interest rate derivatives: HJM and LMM, 32 - Swaps revisited, 33 - Energy and commodity derivatives, 34 - Real options, 35 - Derivatives mishaps and what we can learn from them, 36 - Derivatives markets in developing countries.

This highly successful book continues to bridge the gap between theory and practice, and bring the latest developments in the derivative markets, This global edition has been edited to include enhancements making it more relevant to students outside the United States.