Derivatives: A Comprehensive Resource for Options, Futures, Interest Rate Swaps, and Mortgage Securities

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 is the definitive resource on derivatives and the first book to explain all four major classes of derivative instruments-options, futures, interest rate swaps, and mortgage securities-in terms of their pricing, with a focus on the valuation methods used most commonly by professional market participants. Derivatives will help investment bankers, corporate treasurers, fund managers, financial advisers, apprentice traders, and business students become more familiar with these complex instruments and increase their sense of confidence in participating in derivatives markets.