"Bob Kolb's Futures, Options, and Swaps is the best college textbook I have ever reviewed in my 25-year teaching career. In my opinion, every finance professor and practitioner should have a copy because it breaks new ground on several fronts. This book is self-contained and combines theory with practice. It is solidly grounded in modern derivative theory and yet has strong ties to the real world of financial derivatives." Suk H. Kim, University of Detroit MercyProduct Description
"This edition, with its outstanding balance of theory and application along with its thorough coverage of relevant institutional arrangements, provides students at all levels with an excellent understanding of these markets. The accompanying OPTION! software is a powerful teaching aide for the pricing of various option and swaps products." Gerry Gay, Georgia State University--This text refers to an out of print or unavailable edition of this title.
This work brings together in one text a comprehensive treatment of the three most important types of financial derivatives. These three types of derivatives are linked by a common pricing framework. Readers should be able to understand, in a non-mathematical format, the relationship between these derivatives and how the markets are affected by fluctuations in their pricing. The text also emphasizes the use of futures, options and swaps in risk management, and provides ample examples describing how these instruments can be implemented. There are also many examples showing the relationship between each instrument. Each copy of the text is accompanied by an IBM-PC compatible diskette, including the program "OPTION!" which can compute virtually every option value discussed in the book. The exercises in the book can also be solved by using the "OPTION!" software.