Chapter21AnIntroductiontoDerivativeMarketsandSecurities(投资与投资组合管理)详解.ppt

Lecture Presentation Software to accompanyInvestment Analysis and Portfolio ManagementSeventh Editionby Frank K. Reilly Keith C. Brown Chapter 21 - An Introduction to Derivative Markets and Securities Questions to be answered: What distinguishes a derivative security such as a forward, futures, or option contract, from more fundamental securities, such as stocks and bonds? What are the important characteristics of forward, futures, and option contracts, and in what sense can the be interpreted as insurance policies? Chapter 21 - An Introduction to Derivative Markets and Securities How a