A study of financial contracts for which the payoffs are contingent upon or derived from the value pre-specified underlying economic variables. Typical underlying variables include the spot price of a commodity and the price of a stock. These contracts are used extensively for hedging and speculative purposes. They also provide useful information about forecasts of the underlying economic variable in a process called "price discovery".
This course may not be repeated for credit.
Prerequisite(s)
- Third year standing and Finance 317 with a minimum grade of C-
Sections
| LEC 1 | MW 11:00 - 12:15
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| LEC 2 | MW 12:30 - 13:45
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This course will be offered next in
Spring 2008.