Futures, Options and Swaps (3rd ed)

This text is the American Institute of Management Research's recommended text for students preparing for the Chartered Financial Analyst exam.

It should be an ideal text for students in finance or economics/finance programs who have completed one semester of investments at either the undergraduate or post-graduate level.

With a conversational writing style and comprehensive coverage of derivatives, the text provides a balance between introductory and advanced topics.

In this edition chapters 19 "Options", and 20 - 22 on "Swaps" are expanded; additional end of chapter pedagogy has been added throughout, and more applications exercises have been included.

There is also a discussion of the guidelines for reporting derivatives (FASB #133) on US financial statements.