Options, futures, and futures derivatives

Author: (Canada) Hull, J.
Publisher:
Publish Date: 2006-03-01
Features: This book is a renowned classic widely circulated in the Western financial world, hailed as the "Bible of Wall Street." Derivatives theory holds a central position in modern finance. The introduction of derivatives theory (particularly option pricing theory) not only established the fundamental theoretical framework of financial economics but also, under the guidance of the theory, propelled the development of futures, options, swaps, and other markets, enabling finance to expand 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 cutting-edge research. 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 or 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.