chap025 - CHAPTER 25 DERIVATIVES AND HEDGING RISK A-37...

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CHAPTER 25 DERIVATIVES AND HEDGING RISK
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A-37 CHAPTER 25 SLIDES CHAPTER ORGANIZATION 25.1 Key Concepts and Skills 25.2 Chapter Outline 25.3 Forward Contracts 25.4 Futures Contracts 25.5 Futures Contracts 25.6 Daily Resettlement: An Example 25.7 Daily Resettlement: An Example 25.8 Daily Resettlement: An Example 25.9 Daily Resettlement: An Example 25.10 Selected Futures Contracts 25.11 Futures Markets 25.12 Wall Street Journal Futures Price Quotes 25.13 Basic Futures Relationships 25.14 Hedging 25.15 Hedging and Speculating: Example 25.16 Hedging: How many contracts? 25.17 Interest Rate Futures Contracts 25.18 Pricing of Treasury Bonds 25.19 Pricing of Treasury Bonds 25.20 Pricing of Forward Contracts 25.21 Pricing of Forward Contracts: Example 25.22 Pricing of Forward Contracts: Example 25.23 Pricing of Futures Contracts 25.24 Hedging in Interest Rate Futures 25.25 Duration Hedging 25.26 Duration Hedging 25.27 Duration Formula 25.28 Calculating Duration: Example 25.29 Calculating Duration: Example 25.30 Duration 25.31 Swaps Contracts 25.32 The Swap Bank 25.33 An Example of an Interest Rate Swap 25.34 An Example of an Interest Rate Swap 25.35 An Example of an Interest Rate Swap 25.36 An Example of an Interest Rate Swap 25.37 An Example of an Interest Rate Swap 25.38 An Example of an Interest Rate Swap 25.39 An Example of an Interest Rate Swap 25.40 An Example of an Interest Rate Swap 25.40 An Example of an Interest Rate Swap 25.41 An Example of a Currency Swap 25.42 An Example of a Currency Swap 25.43 An Example of a Currency Swap 25.44 An Example of a Currency Swap 25.45 An Example of a Currency Swap 25.46 An Example of a Currency Swap 25.47 An Example of a Currency Swap 25.48 Variations of Basic Swaps 25.49 Risks of Interest Rate and Currency Swaps 25.50 Risks of Interest Rate and Currency Swaps 25.51 Pricing a Swap 25.52 Actual Use of Derivatives 25.53 Quick Quiz
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25.1 Derivatives, Hedging, and Risk 25.2 Forward Contracts 25.3 Futures Contracts 25.4 Hedging 25.5 Interest Rate Futures Contracts Pricing of Treasury Bonds Pricing of Forward Contracts Futures Contracts Hedging in Interest Rate Futures 25.6 Duration Hedging The Case of Zero Coupon Bonds The Case of Two Bonds with the Same Maturity but with Different Coupons Duration Matching Liabilities with Assets 25.7 Swaps Contracts Interest Rate Swaps Currency Swaps Exotics 25.8 Actual Use of Derivatives ANNOTATED CHAPTER OUTLINE Slide 25.0 Chapter 25 Title Slide Slide 25.1 Key Concepts and Skills Slide 25.2 Chapter Outline 25.1. Derivatives, Hedging, and Risk The value of a derivative asset is “derived” from an underlying primary asset. Derivatives can be used to change an individual’s or firm’s risk exposure. 25.2.
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This note was uploaded on 12/21/2011 for the course NIKA 101 taught by Professor Temur during the Spring '11 term at Acton School of Business.

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chap025 - CHAPTER 25 DERIVATIVES AND HEDGING RISK A-37...

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