winter2010_notes_part1

winter2010_notes_part1 - Derivatives Fin 823 823 Mon/Wed...

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Derivatives Fin 823 Mon/Wed 3:30pm-5:18pm Gerlach 275 P f K i H Professor Kewei Hou 1-1
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What Is a Derivative? Definition An agreement between two parties which has a value determined by the price of something else Types Options, futures and swaps Uses Risk management Speculation Reduce transaction costs 1-2 Regulatory arbitrage
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