Preface Acknowlwdgments 1. Introduction PART ONE - Futures and Forwards 2. Futures Markets 3. Pricing Forwards and Futures I: The Basic Theory 4. Pricing Forwards and Futures II: Building on the Foundations 5. Hedging with Futures and Forwards 6. Interest-Rate Forwards and Futures PART TWO - Options 7. Options Markets 8. Options: Payoffs and Trading Strategies 9. No- Arbitrage Restrictions on Option Prices 10. Early Exercise and Put-Call Parity 11. Option Pricing: A First Pass 12. Binomial Option Pricing 13. Implementing Binomial Models 14. The Black-Scholes Model 15. The Mathematics of Black-Scholes 16. Options Modeling: Beyond Black-Scholes 17. Sensitivity Analysis: The Option "Greeks" 18. Exotic Options I: Path-Idependent Options 19. Exotic Options II: Path-Dependent Options 20. Value-at-Risk 21. Convertible Bonds 22. Real Options PART THREE - Swaps 23. Interest Rate Swaps and Floating-Rate Products 24. Equity Swaps 25. Currency and Commodity Swaps PART FOUR - Interest Rate Modeling 26. The Term Structure of Interest Rates: Concepts 27. Estimating the Yield Curve 28. Modeling Term-Structure Movements 29. Factor Models of the Term Structure 30. The Heath-Jarrow-Morton and Libor Market Models PART FIVE - Credit Risk 31. Credit Derivative Products 32. Structural Models of Default Risk 33. Reduced-Form Models of Default Risk 34. Modeling Correlated Default PART SIX - Computation 35. Derivative Pricing with Finite Differencing 36. Derivative Pricing with Monte Carlo Simulation 37. Using Octave