Corporate Financial Theory 9 公司财务理论.pptVIP

Derivatives Options Historical Topics (Internal to the Corp) 1 - Capital Budgeting (Investment) 2 - Capital Structure (Financing) Today We are leaving Internal Corporate Finance We are going to Wall St “Capital Markets” Options - financial and corporate Options are a type of derivative Options Terminology Derivatives - Any financial instrument that is derived from another. (e.g.. options, warrants, futures, swaps, etc.) Option - Gives the holder the right to buy or sell a security at a specified price during a specified period of time. Call Option - The right to buy a security at a specif