Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives) (7th Edition) [Hardcover]

John C. Hull (Author)

Book Description

ISBN-10: 0135052831 | ISBN-13: 978-0135052839 | Publication Date: August 8, 2008 | Edition: 7

 0135052831 / 9780135052839 Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives)

 

Package consists of:   

0136015867 / 9780136015864 Options, Futures, and Other Derivatives with Derivagem CD

0136015891 / 9780136015895 Student Solutions Manual for Options, Futures, and Other Derivatives

Product Details

• Hardcover: 822 pages
• Publisher: Prentice Hall; 7 edition (August 8, 2008)
• Language: English
• ISBN-10: 0135052831
• ISBN-13: 978-0135052839
• Product Dimensions: 10.7 x 8.5 x 2 inches
• Shipping Weight: 5 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #411,654 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

3 of 4 people found the following review helpful:

5.0 out of 5 stars One of the greatests books on Finance, December 9, 2010

By 

Mariano Muruzabal (from the under- world) - See all my reviews
(REAL NAME)   

This review is from: Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives) (7th Edition) (Hardcover)

I started reading the third ed., then I went to use the fifth ed. and I finally ended up studying from this 7th.edition.

In my opinion is the most complete edition in achieving an optimal balance between mathematics and content. Each chapter includes all the necessary math to understand from what elements each analysis is structured and Hull also takes the time to explain the practical meaning of each equation. To avoid overwhelming the reader with the demonstrations, they have been included as an appendix at the end of each chapter.

I think this is one of the great books of finance. I have used it for a first course in Derivatives where we cover the first 17 chapters, including "Volatility Smiles" and "Greek Letters". I went back to the book for another course in Financial Engineering, and also used it as reference for a course in Real Options, subject to which Hull devotes an entire chapter.

Hull excels in mathematics, and he gives all the necessary mathematical tools to provide a consistent and technical book, while providing excellent explanations to guide the reader through each topic.

The chapter on "Ito's Lemma" where he describes the modeling of stock prices as a geometric Brownian motion is superb, offering as well a practical way to simulate stock behavior. I actually use this chapter along with MS Excel to do Montecarlo Simulations and to build confidence intervals for the price movements of the SPY, upon I built an active investment strategy.

The domain of options and derivatives will provide practitioners with a comprehensive toolkit applicable to virtually all aspects of finance, whether to hedge portfolios, volatility management, and to complement the classical DCF business valuation methodology incorporating option pricing models to value the real options implicit in any business.

As an example of the broad applications of derivatives is that they can also be used to describe the capital structure of the firm to see equity as a call option, and using the "put-call parity" to relate the equity and debt to the value of the firm.

This is a reference book and a comprehensive guide to any aspects of options and derivatives.

5.0 out of 5 stars A Must Have for any Risk Manager's Library, January 9, 2012

By 

Dr. S. P. GREINER - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives) (7th Edition) (Hardcover)

One cannot fully understand the quantitative aspects of risk management without having this book in your reference library. It's thorough, easy to read and has all the necessary mathematics for reproduce the risk measures, pricing and valuation for most exchange traded securities out there. I fails only in the introduction to cover the requisite history of risk management but that's not so important for the work. I particuarly like the Merton model descriptions for pricing corporate bonds, the options pricing methods because it makes binomial pricing for options really easy to program yourself. This is one book you need in your library and also one you must read too.

1 of 3 people found the following review helpful:

5.0 out of 5 stars The best for derivative markets, September 27, 2010

By 

Oscar Manuel Mendoza (Peru, Sudamerica) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives) (7th Edition) (Hardcover)

I have already read previous edition from Dr. Hull. This edition is the best and complete reference for derivative markets. It is complemented by the solutions manual and complete references supporting by its web site. Highly recommendable.