Investments, tenth edition

 21.6  Empirical Evidence on Option Pricing  758

End of Chapter Material  759–769

CHAPTER 22

Futures Markets  770

 22.1  The Futures Contract  771

The Basics of Futures Contracts / Existing Contracts

 22.2  Trading  Mechanics 

775

The Clearinghouse and Open Interest / The Margin 

Account and Marking to Market / Cash versus Actual 

Delivery / Regulations / Taxation

bod61671_fm_i-xxviii.indd   xiii

bod61671_fm_i-xxviii.indd   xiii

7/31/13   7:22 PM

7/31/13   7:22 PM

Final PDF to printer

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Contents

xiv

 22.3  Futures Markets Strategies  781

Hedging and Speculation / Basis Risk and Hedging 

 22.4  Futures  Prices 

785

The Spot-Futures Parity Theorem / Spreads / Forward 

versus Futures Pricing