Options, futures, and other derivative products

Author: John Hull
Publisher:
Publish Date: 2000-01-01
Features: This book is suitable for graduate students and upper-level undergraduates in business, economics, and financial engineering as elective courses. It is also suitable for financial professionals who want to gain practical knowledge on how to analyze derivative securities. One of the key decisions an author of a derivative securities book must make is the use of mathematics. If the mathematical expressions are too complex, the content may not be suitable for many students and financial professionals. The feature that distinguishes this book from others in the field is its consistent method for pricing all derivative securities (not just futures and options). The book assumes that readers have taken basic courses in finance, probability, and statistics but are not yet familiar with options, futures, swaps, etc. Therefore, students do not necessarily need to take a course in investment before studying a course based on this book (in North America, the name of the finance course at many universities may not necessarily be the same as the title of this book, but it is often used as a designated or primary reference book—translator's note).