CFA Level 1 notes · 6–9% of the exam
Derivatives
CFA Level I Derivatives notes. 10 readings, about 3 h 34 min.
What forwards, futures, swaps and options are and why issuers and investors use them, how no-arbitrage pricing and replication set their values, put-call parity and the one-period binomial model.
- 70Derivative Instrument and Derivative Market Features
- 71Forward Commitment and Contingent Claim Features and Instruments
- 72Derivative Benefits, Risks, and Issuer and Investor Uses
- 73Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
- 74Pricing and Valuation of Forward Contracts and for an Underlying With Varying Maturities
- 75Pricing and Valuation of Futures Contracts
- 76Pricing and Valuation of Interest Rates and Other Swaps
- 77Pricing and Valuation of Options
- 78Option Replication Using Put-Call Parity
- 79Valuing a Derivative Using a One-Period Binomial Model