Fundamentals Of Futures And Options Markets (7th Edition)

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A reader-friendly book with an abundance of numerical and real-life examples. Based on Hull's Options, Futures and Other Derivatives–the seventh edition of Fundamentals of Futures and Options Markets presents an accessible and reader-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides readers through the material while helping them prepare their skills and knowledge for the workplace. The seventh edition addresses and analyzes the impact of the current financial crisis.

Hardcover: 624 pages

Publisher: Pearson; 7 edition (March 14, 2010)

Language: English

ISBN-10: 0136103227

ISBN-13: 978-0136103226

Product Dimensions: 8.2 x 1.1 x 10.3 inches

Shipping Weight: 2.8 pounds

Average Customer Review: 3.6 out of 5 stars  See all reviews (41 customer reviews)

Best Sellers Rank: #348,933 in Books (See Top 100 in Books) #113 in Books > Business & Money > Investing > Commodities #270 in Books > Textbooks > Business & Finance > Investments & Securities #89435 in Books > Reference

I read through this book and can safely say this book is probably one of the worst textbooks I have ever come across. The book has grammatical errors, is verbose in some instances, and at times does not explain material properly, and has some issues with logic as well. For example - in Chapter 4 under "measuring interest rates" Hull states "We can think of the interest rates between one compounding frequency and another to be analogous to the difference between kilometers and miles. They are two different units of measurement". This analogy is not a good one because the difference between kilometers and miles is a simple linear conversion between two units that measure the same distance. Otherwise, differences in compounding frequency calculate the effect of interest rates compounded at different time intervals, e.g: yearly, monthly, daily or continuously. Selecting one changes the impact of interest on the principal when calculating the future value or when discounting to get a present value. So this does not resemble a conversion from miles to kilometers where the magnitude of the answer is the same only the units are different. e.g. if a person runs one mile he also runs 1.6 kilometers and vice versa.In another example in Chapter 4 in a section on bond yield, Hull states "Suppose that the theoretical price of the bond we have been considering, $98.39, is also its market value (that is, the market’s price of the bond is in exact agreement with the data in Table 4.2)". This takes 36 words!. Why so many words? Why not simply state "Assume the price of the bond, shown in table xx is also $98.39" (12 words) or "let the market price of bond XYZ be $98.39) (9 words).Some of the topics have poor explanations.

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