Options, futures, and other derivatives / John C. Hull.

Includes bibliographical references and index.

1. Introduction — 2. Mechanics of futures markets — 3. Hedging strategies using futures — 4. Interest rates — 5. Determination of forward and futures prices — 6. Interest rate futures — 7. Swaps — 8. Securitization and the credit crisis of 2007 — 9. Mechanics of options markets — 10. Properties of stock options — 11. trading strategies involving options — 12. Binomial trees — 13. Wiener processes and Itô’s lemma — 14. The Black-Scholes-Merton model — 15. Employee stock options — 16. Options on stock indices and currencies — 17. Futures 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.

Bridge the gap between theory and practice.

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

Designed to bridge the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics.

The eighth edition has been updated and improved—featuring a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued.