Abstract
Classic financial mathematics deals first and foremost with basic financial instruments such as stocks, foreign currencies and bonds. A derivative (derivative security or contingent claim) is a financial instrument whose value depends on the value of other, more basic underlying variables. In this chapter we consider forward contracts, futures contracts and options as well as some combinations.
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© 2011 Springer-Verlag Berlin Heidelberg
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Franke, J., Härdle, W.K., Hafner, C.M. (2011). Derivatives. In: Statistics of Financial Markets. Universitext. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-16521-4_1
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DOI: https://doi.org/10.1007/978-3-642-16521-4_1
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-16520-7
Online ISBN: 978-3-642-16521-4
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