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Introduction to Derivatives and Risk Management, 10th Edition

Don M. Chance, Robert Brooks

  • {{checkPublicationMessage('Published', '2015-01-01T00:00:00+0000')}}
Starting At $77.95 See pricing and ISBN options
Introduction to Derivatives and Risk Management 10th Edition by Don M. Chance/Robert Brooks

Overview

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.

Don M. Chance

Don M. Chance, Ph.D., CFA, holds the Norman V. Kinsey Distinguished Chair in Finance at the E. J. Ourso College of Business at Louisiana State University. He previously held the James C. Flores Endowed Chair of MBA Studies and the William H. Wright, Jr. Endowed Chair for Financial Services at LSU and the First Union Professorship in Financial Risk Management at Virginia Tech. Prior to his academic career, he worked for a large southeastern bank. He has been a visiting scholar at universities in Hong Kong, Australia, Korea, Singapore, Scotland and in the U.S. He has authored four other books, "Essays in Derivatives: Risk Transfer Tools and Topics Made Easy" (2nd ed.), "Analysis of Derivatives for the CFA Program," "Financial Risk Management: An End User Perspective" and "Foundations of the Pricing of Financial Derivatives: Theory and Analysis," co-authored with Robert E. Brooks. He has extensive experience conducting professional training programs and serving as an expert witness through his LLC, Omega Risk Advisors. He has also been heavily involved in the derivatives and risk management curriculum in the CFA program, for which he was recognized with the C. Stewart Shepard Award. He is a member of LSU's Supplemental Retirement Plan Oversight Committee. He introduced the proposal to convert LSU's grading system to the Plus-Minus model and chaired the university's promotion and tenure committee for several years.

Robert Brooks

Robert E. Brooks, Ph.D., CFA, is professor emeritus of finance at the University of Alabama and the President of Financial Risk Management, LLC, a financial risk management consulting firm. The author of numerous articles appearing in both academic and practitioner journals, Dr. Brooks has been quoted in The Wall Street Journal, The New York Times, Bloomberg News and The Bond Buyer, as well as regional newspapers. He is the author of several books, including "Foundations of the Pricing of Financial Derivatives: Theory and Analysis," co-authored with Don Chance (Ph.D. level) and "Building Quantitative Finance Applications with R" (masters level material, freely available at www.robertebrooks.org). Dr. Brooks also has consulted with money managers, major public utilities, energy companies, auditing firms, corporations, investment bankers, elected municipal officials and commercial bankers. Further, Dr. Brooks serves as both a consulting as well as testifying expert in finance-related litigation (see www.frmhelp.com). In addition, Dr. Brooks conducts professional development seminars on various aspects of finance. He earned his B.S. in finance from Florida State University and his Ph.D. in finance from the University of Florida.
  • NEW! "Taking Risk in Life" features appear in selected chapters and present real-life situations illustrating the application of risk management in financial decisions.
  • REVISED! The Tenth Edition has been thoroughly updated throughout to reflect numerous recent changes in the options markets and futures markets. It includes a new and completely revised chapter 2: Derivatives Markets.
  • NEW! Providing the ultimate testing resource, 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 various 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.
  • UP-TO-THE-MINUTE ARTICLES AND READINGS REFLECT EMERGING ISSUES AND CHANGES: The latest updates, articles and suggested readings at the end of each chapter keep you and your students at the forefront of the many challenges and changes throughout the market. Internet-related information and the book's companion website further ensure the material you present is the most current.
  • UP-TO-THE-MINUTE ARTICLES AND READINGS REFLECT EMERGING ISSUES AND CHANGES: The latest updates, articles and suggested readings at the end of each chapter keep you and your students at the forefront of the many challenges and changes throughout the market. Internet-related information and the book's companion website further ensure the material you present is the most current.
  • "MAKING THE CONNECTION" BOXES DEMONSTRATE FINANCIAL DECISION-MAKING IN ACTION: Now you can give your students insights into how chapter content applies directly to real-world financial decision-making. Engaging "Making the Connection" boxes highlight examples from real businesses and actual market conditions to emphasize the practicality of chapter theories.
  • "CONCEPT CHECKS" ENSURE STUDENT COMPREHENSION: The "Concept Checks" questions at the end of each chapter help students understand the basic materials covered in the text. Solutions to these questions at the end of the book allow students to check their own comprehension.
  • EXTENSIVE ILLUSTRATIONS CLARIFY CONCEPTS: A wealth of captivating, useful illustrations--including more than 100 figures and more than 100 tables--further expand upon and reinforce the concepts presented in the text. Figures build on each other to illustrate links between stocks, risk-free bonds, futures, options, forwards, Black-Scholes call/put pricing, and similar concepts.
  • MINIMAL USE OF TECHNICAL MATHEMATICS KEEPS BOOK ACCESSIBLE FOR STUDENTS: While the topic of financial derivatives is unavoidably a technical subject, the authors do not emphasize calculus that is not necessary for learning material at this level. The text uses a flexible mathematical approach that places more complex material in end-of-chapter appendices--all while keeping the text challenging and applicable to today's needs.
  • PROVEN END-OF-CHAPTER PRACTICE AND NEW TEST BANK PROBLEMS IMPROVE UNDERSTANDING: A variety of end-of-chapter problems offer focused opportunities for students to apply the concepts they've learned. New Test Bank problems provide additional choices to easily check your students' comprehension.
1. Introduction.
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.
10. Hedging.
11. Swaps.
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.
Glossary.
Index.

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  • ISBN-10: 0357701747
  • ISBN-13: 9780357701744
  • RETAIL $77.95

  • ISBN-10: 1305104978
  • ISBN-13: 9781305104976
  • RETAIL $340.95