Introduction to Derivatives and Risk Management, 10th Edition
- Don M. Chance
- Robert Brooks
- ISBN-10: 130510496X
- ISBN-13: 9781305104969
- 640 Pages | Hardcover
- Previous Editions: 2013, 2010, 2007
- COPYRIGHT: 2016 Published
Coupling real business examples with minimal technical mathematics, market-leading INTRODUCTION TO DERIVATIVES AND RISK MANAGEMENT, 10e blends institutional material, theory, and practical applications to give students a solid understanding of how derivatives are used to manage the risks of financial decisions. It delivers detailed coverage of options, futures, forwards, swaps, and risk management as well as a balanced introduction to pricing, trading, and strategy. The financial information throughout the Tenth Edition reflects the most recent changes in the derivatives market--one of the most volatile sectors in the financial world. New "Taking Risk in Life" features illustrate the application of risk management in real-world financial decisions.The Tenth Edition also includes Cengage Learning Testing Powered by Cognero, a flexible, online testing resource that gives instructors limitless testing possibilities.
2. Derivatives Markets.
Part I: OPTIONS.
3. Principles of Options Pricing.
4. Option Pricing Models: The Binomial Model.
5. Option Pricing Models: The Black-Scholes-Merton Model.
6. Basic Option Strategies.
7. Advanced Option Strategies.
Part II: FORWARDS, FUTURES, AND SWAPS.
8. Principles of Pricing Forwards, Futures, and Options on Futures.
9. Futures Arbitrage Strategies.
Part III: ADVANCED TOPICS.
12. Interest Rate Forwards and Options.
13. Advanced Derivatives and Strategies.
14. Financial Risk Management Techniques and Applications.
15. Managing Risk.
Appendix A: List of Important Formulas.
Appendix B: References.
Appendix C: Solutions to Concepts.
All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.
Put all the instruction tools you need at your fingertips. The website includes Microsoft® Word versions of the Solutions Review Manual and Test Bank, PowerPoint® lecture slides, and access to the Cognero Test Bank. Approximately 25 PowerPoint® slides per chapter highlight tables and figures with useful hyperlinks that allow you to jump to the table or figure and back again without breaking the flow of your lecture. The online Solutions Review Manual gives your students a useful online review tool, providing answers to the end-of-chapter problems, as well as the step-by-step solutions, so students can check their own work and determine exactly where they may have made errors. The Test Bank questions help you evaluate your students' understanding of text concepts. You'll find a variety of more than 300 questions within this proven Test Bank. The companion site also has useful Web links, author-provided spreadsheets, errata updates, and Technical Notes that clearly show students how numerous formulas and measures of various kinds of risk are derived.Cengage Testing, powered by Cognero® Instant Access (ISBN-10: 1305269020 | ISBN-13: 9781305269026)
Accessible from the instructor companion site, Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; and deliver tests from your LMS, your classroom, or wherever you want. The Cognero Test Bank content is tagged according to Tier I (Business Program Interdisciplinary Learning Outcomes) and Tier II (Finance-specific) standards, topic, Bloom's Taxonomy, and difficulty level.