Technical Note
A NOTE ON OPTION PRICING
INDUSTRY :-
AREA :FINANCE
ORGANIZATION :-
LENGTH :12
LUMS No :02-584-2002-2
PUBLICATION YEAR : 2002
DESCRIPTION
ABSTRACT:
In 1970, very few business schools offered courses on derivative securities such as options, forwards and futures. In the new millennium, no one can be considered adequately prepared for a career in finance without a basic understanding of these instruments. Trading in options is a multi-trillion dollar industry, employing some of the most highly paid professionals in hundreds of thousands worldwide. It has revolutionized the field of finance. It has not only provided tools for managing all kinds of risk, but has also allowed us to look at many traditional topics of finance in a new light.