Options, Futures, and Other Derivatives. 5th Edition

Author: John Hull
Publisher:
Publishing Time: Not Available
Features: This book is a classic widely circulated in the Western financial industry and is hailed as the "Bible of Wall Street." Derivatives theory holds a central position in modern finance. The development of derivatives theory (particularly option pricing theory) not only established the fundamental theoretical framework of financial economics but also, under the guidance of theory, propelled the development of futures, options, swaps, and other markets, enabling finance to grow to its current massive scale globally. This book comprehensively and systematically explains the basic theories and methods of derivatives pricing and financial risk management. In this new edition, four additional chapters have been added, covering new derivatives instruments and research frontiers. By reading this book, readers can systematically master the core theories and fundamental methods of modern finance, especially for those aspiring to study financial engineering and engage in capital market businesses, reading this book is highly valuable. This book can serve as a teaching text for undergraduate and graduate students majoring in finance and related fields in colleges and universities, as well as a reference manual for professionals in the financial industry.