Available with the latest version of DerivaGem software--includes two Microsoft Excel® applications, Options Calculator, Applications Builder, and a Monte Carlo simulation worksheet:

The Options Calculator features easy-to-use software to help value a wide range of options.
The Applications Builder enables instructors and students to build their own applications, using a variety of Excel functions. Students can explore the properties of numerical procedures and options more effectively, and instructors can design more engaging assignments around custom applications. It also includes a number of sample applications.
A Monte Carlo simulation worksheet illustrates how to use the simulation for valuing options.

Bridges the gap between theory and practice--considered “the bible” of derivatives markets by practitioners, the best-selling college text provides the most up-to-date information on key topics:

Regulations for over-the-counter derivatives
Overnight indexed swap (OIS) rates
The Black-Scholes-Merton formulas
Credit risk, discount rates, and funding costs
Perpetual options and other perpetual derivatives
Products such as DOOM options and CEBOs offered by CME Group
Central Clearing, margin requirements, and swap execution facilities
One-factor equilibrium models of the term structure

Provides a delicate balance of mathematical sophistication--careful attention to mathematical concepts and notation:

Expanded numerical examples of key concepts
End-of-chapter appendices for non-essential mathematical material
Detailed explanations of concepts likely new to students

Offers a comprehensive understanding of important topics--includes helpful resources for teachers and students:

Hundreds of PowerPoint^® slides are available for download from Pearson’s Instructor Resource Center or the author’s website.
The Solutions Manual features answers to the “Questions and Problems” at the end of each chapter.
The Instructor’s Manual contains solutions to all end-of-chapter exercises, including “Further Questions” sections. The manual also includes test bank questions, relevant Excel worksheets, and notes on course organization and teaching each chapter.
Technical Notes elaborate on points made in the text and can be downloaded from the author’s website at www.rotman.utoronto.ca/~hull/TechnicalNotes.
UPDATED! Chapter 7 has been rewritten to improve presentation and reflect changing market practices in relation to swaps.
NEW! Chapter 9 has been added to cover valuation adjustments, such as CVA, DVA, FVA, MVA, and KVA.
NEW! Chapter 31 provides details about equilibrium models of the term structure, which are widely used in long-term scenario analysis.
EXPANDED! Negative interest rates are now covered throughout the book to reflect a number of European and Asian markets.
EXPANDED! More detailed explanations give a fuller picture of the calculation of Greek letters and smile dynamics.
EXPANDED! Discussion of the expected shortfall measure and stressed risk measures has been expanded to reflect their increasing use in regulation and risk management.
EXPANDED! Increased coverage of the SABR model gives students a more firm grasp on stochastic volatility.
UPDATED! Materials on CCPs and OTC derivative regulation includes the most current information.
UPDATED! Examples have been revisited to reflect current market conditions.
REVISED! Improved material on martingales and measures, tailing the hedge, bootstrap methods, and convertible bonds helps students better understand important concepts.
EXPANDED! End-of-chapter problems have been expanded and revised.

Options, Futures, and Other Derivatives, 10th edition

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