This seventh volume covers ten learning modules. It addresses derivative instruments and derivative market features, forward commitment and contingent claim features and instruments, the benefits, risks and issuer and investor uses of derivatives, arbitrage, replication and the cost of carry in pricing derivatives, the pricing and valuation of forward contracts for varying maturities, pricing and valuation of futures contracts, pricing and valuation of interest rate and other swaps, pricing and valuation of options, option replication using put-call parity, and valuing a derivative using a one-period binomial model.
