TAILIEUCHUNG - Lecture Business finance - Chapter 19: Options and contingent claims

Chapter 19 - Options and contingent claims. This chapter include objectives: Understand the major types and characteristics of options and distinguish between options and futures; identify and explain the factors that affect option prices; understand and apply basic option pricing theorems, including put–call parity, | Chapter 19 Options and Contingent Claims 2 2 2 2 2 2 2 2 Learning Objectives Understand the major types and characteristics of options and distinguish between options and futures. Identify and explain the factors that affect option prices. Understand and apply basic option pricing theorems, including put–call parity. 2 2 2 2 2 2 2 2 Learning Objectives (cont.) Understand the binomial model and Black–Scholes model of option pricing and calculate option prices using these models. Explain the characteristics and uses of foreign currency options and options on futures. Define a contingent claims and explain the option-like features of several contingent claims. 3 3 3 3 Options and Option Markets An ‘option’ is the right to force a transaction to occur at some future time on terms and conditions decided now. It is a contract which gives the purchaser the right, but not the obligation, to assume a long (buy) or short (sell) position in the relevant underlying financial instrument or .

• Tài chính doanh nghiệp
• Business finance
• Lecture Business finance
• Capital market
• Financial management
• Contingent claims
• Option markets
• Sources of finance
• Leasing finance
• Sources of long term finance
• Long term finance
• Equipment finance
• Ordinary shares
• Long term debt
• Dividend Policy
• Capital structure
• Capital structure decisions
• Capital market efficiency
• Futures contracts
• Analysis of takeovers
• International financial management
• Management of short term assets
• Financial decisions
• Financial mathematics
• The time value of money
• Project evaluation
• Project evaluation methods
• Portfolio theory
• Aasset pricing
• Financial intermediaries
• Sources of short term debt