Wednesday, May 22, 2013

Options, Futures and Other Derivatives 8th Edition, Hull

Options, Futures, and Other Derivatives and DerivaGem CD Package 8th Edition PDF Download Ebook. John C. Hull bridges the gap between theory and practice, this introductory text on the futures and options markets is ideal for those with a limited background in mathematics.

The eighth edition has been updated and improved–featuring a new chapter on securitization and the credit crisis, and increased discussion on the way commodity prices are modeled and commodity derivatives valued. In the study of derivatives, if the level of mathematical sophistication is too high, then the material is likely to be inaccessible to many students and practitioners.

But if it’s too low, then some important issues may not get the in-depth explanation they need. To help, this text takes a balanced approach to mathematical sophistication by eliminating nonessential mathematical material or including it in the end-of-chapter appendices and/or technical notes on the website. Author offers a careful explanation of the concepts that are likely to be new to many readers—along with presenting the concepts with many numerical examples.

DerivaGem version 2.00 is included with this book. There is a new Getting Started section at the end of the book—and DerivaGem is now compatible with Office, Mac, and Linux users. This program consists of two Excel applications. The Options Calculator consists of easy-to-use software for valuing a wide range of options.

The Applications Builder consists of a number of Excel functions from which users can build their own applications. It includes a number of sample applications and enables students to explore the properties of options and numerical procedures more easily. It also allows more interesting assignments to be designed.

The new Chapter 8: Securitization and the Credit Crisis of 2007 is entirely devoted to securitization and the credit crisis. The events in the financial markets since the last edition made this update necessary and particularly relevant. Chapter 33 now includes increased discussion on the way commodity prices are modeled and commodity derivatives valued.

Chapter 3 has been simplified and contains an appendix explaining the capital asset pricing model. Chapter 12 contains a new appendix to show that the Black-Scholes-Merton formula can be derived as the limiting case of a binomial tree.

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