"A practical, informative guide to derivatives in the real world Derivatives is an exposition on investments, guiding you from the basic concepts, strategies, and fundamentals to a more detailed understanding of the advanced strategies and models. As part of Bloomberg Financial's three part...

Cover -- Series -- Title Page -- Copyright -- Dedication -- Preface -- Acknowledgments -- Part I: Bond Evaluation and Selection -- Chapter 1: Overview of the Financial System -- Real and Financial Assets -- Types of Debt Claims -- Financial Markets -- Types of Financial Markets -- Regulations --...

There are two general approaches to modeling stochastic interest rate movements using a binomial model—the equilibrium model and the calibration model. Both models assume that the interest rate's logarithmic return is normally distributed. However, a number of empirical studies have provided...

Title Page -- Table of Contents -- Preface -- Content -- Acknowledgments -- About the Author -- PART 1: Futures and Forward Contracts -- CHAPTER 1: Futures Markets -- Introduction to Futures and Options Markets -- The Nature of Futures Trading and the Role of the Clearinghouse -- Types of...