Derivatives: A Comprehensive Resource for Options, Futures, Interest Rate Swaps and Mortgage Securities (Financial Management Association Survey and Synthesis Series) - Hardcover

Arditti, Fred D.

Hardcover

ISBN 10: 0875845606 ISBN 13: 9780875845609

Verlag: Harvard Business Review Press, 1996

Inhaltsangabe

This work discusses derivatives, covering all four major categories. It contains information on institutional procedure and market practice, explaining complicated subjects using numerical examples.

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Reseña del editor

The growth of derivative markets during the past decade has been nothing short of astounding and so, of late, has been the misunderstanding of their use. This book is the definitive resource on derivatives. It is the first to explain all four major classes of derivative instruments - options, futures, interest rate swaps, and mortgage securities - in terms of their market structure, applications, and pricing, with a focus on the valuation methods used most commonly by professional market participants. Unlike most treatments of derivatives, this book offers detailed explanations of the institutional procedure and market practice for each class of derivative as well as the pricing and hedging of mortgage-backed securities and the central role of prepayment in both activities. It also covers a wide variety of topics such as the structuring of CMOs, PACs, and TACs; smile option pricing; and pricing and hedging of long-dated swaps.

Details zur Ausgabe

• Verlag: Harvard Business Review Press
• Erscheinungsdatum: 1996
• Sprache: Englisch
• ISBN 10: 0875845606
• ISBN 13: 9780875845609
• Einband: Tapa dura
• Anzahl der Seiten: 416
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar