【经典】Derivatives_Markets_3rd（上）【经典】【精品】.pdf

Brief Contents Preface xxi 1 Introduction to Derivatives 1 PART ONE Insurance, Hedging, and Simple Strategies 23 2 An Introduction to Forwards and Options 25 3 Insurance, Collars, and Other Strategies 61 4 Introduction to Risk Management 89 PART TWO Forwards, Futures, and Swaps 123 5 Financial Forwards and Futures 125 6 Commodity Forwards and Futures 163 7 Interest Rate Forwards and Futures 195 8 Swaps 233 PART THREE Options 263 9 Parity and Other Option Relationships 265 10 Binomial Option Pricing: Basic Concepts 293 11 Binomial Option Pricing: Selected Topics 323 12 The Black-Scholes Formula 349 13 Market-Making and Delta-Hedging 381 14 Exotic Options: I 409 vii viii Brief Contents PART FOUR Financial Engineering and Applications 435 15 Financial Engineering and Security Design 437 16 Corporate Applications 469 17 Real Options 509 PART FIVE Advanced Pricing Theory and Applications 543 18 The Lognormal Distribution 545 19 Monte Carlo Valuation 573 ˆ 20 Brownian Motion and Ito’s Lemma 603 21 The Black-Scholes-Merton Equation 627 22 Risk-Neutral and Martingale Pricing 649 23 Exotic Option