Pearson Options Futures & Other Derivatives by John C Hull

Since the first edition of this book was published in 1988, there have been many developments in the options and derivatives markets. The ninth edition of Options, Futures and Other Derivatives has taken in to account these fast-paced changes and presents the reader with an up-to-date scenario.
Like earlier editions, this book has been designed to serve the wider spectrum of the market. It is appropriate for students pursuing graduate courses in business, economics, and financial engineering. It can be used for advanced undergraduate courses involving quantitative skills. Many practitioners who are involved in derivatives markets may also find the book useful.

Salient Features:

• 1) New material across different chapters on the industry's use of overnight indexed swap (OIS) rates for discounting 
• 2) A new chapter discussing discount rates, credit risk, and funding costs
• 3) New content on the regulation of over-the-counter derivatives markets
• 4) More discussion of central clearing, margin requirements, and swap execution facilities
• 5) Coverage of products such as Deep-out-of-the-money put (DOOM) options and Credit Event Binary Options (CEBOs) offered by the Chicago Board Options Exchange (CBOE).
• 6) New nontechnical explanation of the terms in the Black-Scholes-Merton formulas Coverage of perpetual options and other perpetual derivatives
• 7) Expansion and updating of the material on credit risk and credit derivatives with the key products and issues introduced early in the book
• 8) More coverage of one-factor equilibrium models of the term structure
• 9) New release of DerivaGem with many new features
• 10) Updated Test Bank for instructors adopting this book