The note describes the key elements and the pricing of financial derivatives. Derivative financial instruments are contracts whose value is derived from the value of another underlying asset, such as common stock, commodity (eg, coffee, oil, or wheat), or communications. Each derivative has its own characteristics and regulations, and each is used for certain financial goals.
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by Susan Chaplinsky Source: Darden School of Business 9 pages. Publication Date: September 5, 2000. Prod. #: UV0394-PDF-ENG