a comprehensive resource, for options, futures, interest rate swaps, and mortgage securities Arditti, Fred D. Primary Author mixed material bibliography Boston, Massachusetts Harvard Business School 1996 en English

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xxi, 394 p. : Illust ; 25 cm The growth of derivative markets during the past decade has been nothing short of astounding and so, of late, has been the misunderstanding of their use. This book is the definitive resource on derivatives. It is the first to explain all four major classes of derivative instruments - options, futures, interest rate swaps, and mortgage securities - in terms of their market structure, applications, and pricing, with a focus on the valuation methods used most commonly by professional market participants." "Unlike most treatments of derivatives, this book offers detailed explanations of the institutional procedure and market practice for each class of derivative as well as the pricing and hedging of mortgage-backed securities and the central role of prepayment in both activities. It also covers a wide variety of topics such as the structuring of CMOs, PACs, and TACs; smile option pricing; and pricing and hedging of long-dated swaps. United States Derivative securities 332.645 ARD d c.1 0875845606 e-Library Universitas Pertamina Be Global Leader 332.645 ARD d c.1 3585/PUP/2017 Perpustakaan Universitas Pertamina 332.645 ARD d c.1 Derivatives.jpg.jpg 2373 2018-07-28 15:02:07 2018-08-23 16:31:49 machine generated