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Derivatives Markets, Third Edition

ISBN-13: 978-0-321-54308-0 See more

Author(s): Robert L. McDonald

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eText:

ISBN-10 0-13-611809-7, ISBN-13 978-0-13-611809-1

Print:

ISBN-10 0-321-54308-4, ISBN-13 978-0-321-54308-0

Author(s): Robert L. McDonald

Publisher: Prentice Hall

Description

To be financially literate in today’s market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Third Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.

The Pearson Series in Finance, ii

Preface, xxi

1. Chapter 1 Introduction to Derivatives, 1

Chapter 1. Introduction to Derivatives, 1

1.1 What Is a Derivative?, 2

1.2 An Overview of Financial Markets, 2

Trading of Financial Assets, 2

Measures of Market Size and Activity, 4

Stock and Bond Markets, 5

Derivatives Markets, 6

1.3 The Role of Financial Markets, 9

Financial Markets and the Averages, 9

Risk-Sharing, 10

1.4 The Uses of Derivatives, 11

Uses of Derivatives, 11

Perspectives on Derivatives, 13

Financial Engineering and Security Design, 14

1.5 Buying and Short-Selling Financial Assets, 14

Transaction Costs and the Bid-Ask Spread, 14

Ways to Buy or Sell, 15

Short-Selling, 16

The Lease Rate of an Asset, 18

Risk and Scarcity in Short-Selling, 18

Chapter Summary, 20

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Derivatives Markets, Third Edition

ISBN-13: 978-0-321-54308-0 See more

Author(s): Robert L. McDonald

Price Information

Additional product details

Marketing Promotion