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Book: Derivatives Markets (2nd Edition) (Addison-Wesley Series in Finance) :: Book
Date: Friday, 21 November, 2008 :: 00:54
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Derivatives Markets (2nd Edition) (Addison-Wesley Series in Finance)
List Price: USD $180.00
from USD $116.69
Product Group: book
Manufacturer: Addison Wesley
Studio: Addison Wesley
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Editorial Review: Product Description
To be financially literate in today's market, business students must have a solid understanding of derivatives concepts and instruments and the uses of those instruments in corporations. The Second Edition has an accessible mathematical presentation, and more importantly, helps students gain intuition by linking theories and concepts together with an engaging narrative that emphasizes the core economic principles underlying the pricing and uses of derivatives.
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Reviews:
Average Customer Review: 
Summary: Better than John C. Hull
Date: 2008-10-12 -
Comment: Very easy to understand. IMO, it is the only book that is at par with, if not better than, John C. Hull's "Options, Futures And Other Derivatives."
Strongly recommended for everyone with even an oblique interest in the study of derivatives.
If Shreve and Karatzas is/are too dense, read this instead.
With all due respect, this book should inspire the Broadies and Dermans of the world to write such textbooks themselves, and the Sundaresans and Glassermans of the world to (also) cater to less scholarly minds (such as the undersigned).
-Kunal Kunde
Summary: What a good one!
Date: 2008-09-06 -
Comment: I got this book few months back, though little pricy but someone recommended it. I found it to be a wonderful blend of the economics and mathematics of derivatives pricing. After reading the book, i was comfortable with :
understanding of derivatives pricing models &
derivatives markets
I strongly recommend people giving their FRM, CFA and / or SOA certifications to get their hands on this book.
You would like it. A good reference book. Only issue is it is little too heavy, hence you cannot lie down and read it for a long time ;-)
6 of 6 people found the following review helpful:
Summary: Book is good; Price is not
Date: 2007-12-15 -
Comment: I was recommended this text book by the study material I was using to prepare the acturial exam FM. Then I came to check this book here and I found out that the price here is way too much higher. With this price, you can buy both the text book and its solution mannual in Actex Mad River with free UPS shipping. Hope this will help.
3 of 4 people found the following review helpful:
Summary: advanced, comprehensive treatment
Date: 2007-07-10 -
Comment: As financial instruments become ever more complex, McDonald's book gives a systematic treatment of the most common forms of derivatives. Providing a unified etymology that can help you understand how they work.
He groups options (puts and calls) with forward contracts like zero coupon bonds. Through numerous simple payoff graphs, as well as explanatory accompanying text, the ideas are easily grasped. The book starts with these ideas in its early chapters. Then it builds on them, to illustrate associated and often more elaborate constructs, as in insurance strategies for hedging.
Nor is the discussion confined to minimising one's risk. There is an alternative method, of deliberately speculating on volatility, for example.
The modelling of futures and options pricing is dealt with in detail. Including the seminal Black-Scholes formula and related analysis. The assumptions behind Black-Scholes are examined in detail, given the crucial influence of this on many types of pricing. The treatment gets rather advanced, invoking ideas like Monte Carlo simulations of stock prices.
The text is well suited for a graduate program in finance.
1 of 3 people found the following review helpful:
Summary: Very concise, focus on intuition
Date: 2005-02-08 -
Comment: As an MBA student at Kellogg School, I find this book is concise and easy to read. It also teaches me the intuition in derivatives and asset pricing. As it has both basic and advanced material, it can be used as a reference book as well.
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Accessories:
Practice Problems and Solutions to accompany Derivatives Markets
Solutions Manual for Even Numbered Problems for Derivatives Markets
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