Options contracts, which give the right but not the obligation, to buy or sell a certain underlying asset at a certain price or before a certain date. Explains the basis of options covering the basics, such as the option terms, the payoff scheme options, parameters that affect the cost, put-call parity, and the upper and lower bounds of options prices. Presents problems for students to solve. "Hide
by George Chacko, Vincent Dessain, Peter Hecht, Anders Sjoman 12 pages. Publication Date: April 1, 2005. Prod. #: 205105-PDF-ENG