An Introduction to Derivatives

Rating:
Summary: DON'T EX"O"RCISE YOUR DERIVATIVE DEMONS
Review: I am a graduate who majored in finance working as a financial analyst. Well, what I should say of this book is that it tells you how the mechanism works in the whole derivatives world in terms of trading and pricing in a comprehensive manner. As a corporate finance and banking finance expert who has recently got interest in the field of derivative securities this book turns out to be a good starting point in understanding derivatives. However, if you want to know more about in this field, you should also spend time on other textbooks and read academic papers. Furthermore, one had better take some empirical exercises especially on derivative pricing by using computer programmes. (A good comprehensive and easy to follow text is Simon Benninga's Financial Modelling with Excel) Also a good statistical and econometric background would be helpful in understanding derivatives. What I find as a shortcoming in this book is that it doesn't provide answers to the end of chapter questions nor does it supply a computer aid material (a disk whatever) even though it is mentioned in the book.