Fundamentals of Futures and Options Markets, Solutions Manual and Study Guide

Preface v Introduction 1(6) Mechanics of Futures Markets 7(6) Hedging Strategies Using Futures 13(6) Interest Rates 19(7) Determination of Forward and Futures Prices 26(8) Interest Rate Futures 34(7) Swaps 41(8) Mechanics of Options Markets 49(7) Properties of Stock Options 56(7) Trading Strategies Involving Options 63(6) Introduction to Binomial Trees 69(8) Valuing Stock Options: The Black-Scholes Model 77(10) Options on Stock Indices and Currencies 87(6) Futures Options 93(7) The Greek Letters 100(12) Binomial Trees in Practice 112(9) Volatility Smiles 121(7) Value at Risk 128(7) Interest Rate Options 135(5) Exotic Options and Other Nonstandard Products 140(5) Credit Derivatives 145(6) Weather, Energy, and Insurance Derivatives 151(2) Derivatives Mishaps and What We Can Learn from Them 153