TABLE
OF CONTENTS ix
Unit 9: Fixed Income Securities (Continued)
Practice Exercise 9.4 .......................................................................... 9-41
Unit Summary....................................................................................... 9-43
Unit 10: Derivative Securities
Introduction............................................................................................ 10-1
Unit Objectives ..................................................................................... 10-1
Options.................................................................................................. 10-1
Background and Markets........................................................ 10-3
Payoff Profile for Calls and Puts............................................. 10-4
Call Options .................................................................. 10-4
Put Options ................................................................... 10-6
Summary................................................................................... 10-9
Swaps ................................................................................................... 10-9
Interest Rate Swaps................................................................. 10-9
Currency Swaps......................................................................10-14
Unit Summary......................................................................................10-15
Progress Check 10.............................................................................10-17
Appendix
Glossary...................................................................................................G-1
Index