For courses in business,economics, and financial engineering andmathematics.

The definitive guide toderivativesmarkets, updated with contemporary examples and discussions

Known as "the bible" to business andeconomicsinstructors and a consistent best-seller in the university and collegemarketplace, Options,Futures, and Other Derivatives givesstudents a modern look atderivatives markets. By incorporating the industry'shottest topics, such asthe securitization and credit crisis, author John C.Hull helps bridge the gapbetween theory and practice. The 9th Edition coversall of thelatest regulations and trends, including the Black-Scholes-Mertonformulas,overnight indexed swaps, and the valuation of commodity derivatives.

Localize learning with Pearson Horizon

PearsonHorizon is an easy-to-use, local-language digital platformthat deliverspopular Pearson titles through a customizable, personalizedlearning experience- all while staying relevant to your area of the world.Pearson Horizon isavailable for select titles and in selectgeographies. For purchaseoptions, please contact your Pearsonrepresentative.

PearsonHorizon should only be purchased when required by aninstructor. Please be sureyou have the correct ISBN and Course ID.

List of Business Snapshots

List of Technical Notes

1. Introduction

2. Futures markets and centralcounterparties

3. Hedging strategies usingfutures

4. Interest rates

5. Determination of forward andfutures prices

6. Interest rate futures

7. Swaps

8. Securitization and the creditcrisis of 2007

9. XVAs

10. Mechanics of options markets

11. Properties of stock options

12. Trading strategies involvingoptions

13. Binomial trees

14. Wiener processes and Itô'slemma

15. The Black-Scholes-Merton model

16. Employee stock options

17. Options on stock indices andcurrencies

18. Futures options and Black'smodel

19. The Greek letters

20. Volatility smiles

21. Basic numerical procedures

22. Value at risk and expectedshortfall

23. Estimating volatilities andcorrelations

24. Credit risk

25. Credit derivatives

26. Exotic options

27. More on models and numericalprocedures

28. Martingales and measures

29. Interest rate derivatives: Thestandard market models

30. Convexity, timing, and quantoadjustments

31. Equilibrium models of theshort rate

32. No-arbitrage models of theshort rate

33. HJM, LMM, and multiple zerocurves

34. Swaps Revisited

35. Energy and commodityderivatives

36. Real options

37. Derivatives mishaps and whatwe can learn from them

Glossary of terms

DerivaGem software

Major exchanges trading futuresand options

Tables for N (x)

Author index

Subject index