Derivatives are financial instruments whose returns are derived from the returns of other primary instruments. This course will provide the prerequisites for a more advanced analysis of investment and corporate finance. The subject matter is indispensable for students contemplating a career in the finance arena. There is no excuse for a lack of participation. Class attendance is a very important component of participation, even though it is not required in the formal sense.
Assignments are due at the beginning of class.
The Faculty Council of the Schulich School of Business has passed a motion prescribing a range and target mean for final grade distributions for elective courses. Please note that I will be grading in accordance with this guideline. Students are expected to read the chapter material and prepare the questions prior to class. Students interested in taking the advanced course in derivatives, FINE6800, in the Fall 1999 or Winter 2000 term, are recommended to purchase this textbook. Mechanics and Institutional Characteristics.