Association for Investment Management and Research 2003, ISBN
0-935015-93-0 Analysis of Derivatives for the CFA Program
represents the fourth step in an ongoing effort by the Association
for Investment Management and Research to produce a set of
coordinated, comprehensive, and practitioner-oriented textbook
readings specifically designed for the three levels of the
Chartered Financial Analyst Program.
This book is part of a formal integrated package of materials that prepares the CFA candidate for the examination. This consideration is the driving force behind how the material is presented. Derivatives is only one part of the curriculum, but an important part.
As any CFA candidate knows, the Leaing Outcome Statements (LOSS) identify in a concise manner the concepts that the candidate must lea. Each LOS is then covered within the chapter. The chapter ends with a set of items called "Key Points. " There is a one-to-one correspondence between each LOS and each Key Point. Although the candidate should not rely exclusively on the Key Points, they should be very useful as a concise review of the important concepts.
When it comes to leaing derivatives, there is no substitute for working problems.
Accordingly, the material is liberally supported with numerical examples. Each concept is illustrated not only with a numerical example but also by a subsequent detailed practice problem. At the end of the chapter are approximately 20 more study problems with complete solutions. It would be virtually impossible for the candidate to say "I need more problems to work.
The organizational structure of the book is also conducive to finding one's way around easily.
The book contains bolded terms, which are defined in a glossary at the end of the book. Key equations are numbered, and a list of these equations also appears at the end of the book.
This book is part of a formal integrated package of materials that prepares the CFA candidate for the examination. This consideration is the driving force behind how the material is presented. Derivatives is only one part of the curriculum, but an important part.
As any CFA candidate knows, the Leaing Outcome Statements (LOSS) identify in a concise manner the concepts that the candidate must lea. Each LOS is then covered within the chapter. The chapter ends with a set of items called "Key Points. " There is a one-to-one correspondence between each LOS and each Key Point. Although the candidate should not rely exclusively on the Key Points, they should be very useful as a concise review of the important concepts.
When it comes to leaing derivatives, there is no substitute for working problems.
Accordingly, the material is liberally supported with numerical examples. Each concept is illustrated not only with a numerical example but also by a subsequent detailed practice problem. At the end of the chapter are approximately 20 more study problems with complete solutions. It would be virtually impossible for the candidate to say "I need more problems to work.
The organizational structure of the book is also conducive to finding one's way around easily.
The book contains bolded terms, which are defined in a glossary at the end of the book. Key equations are numbered, and a list of these equations also appears at the end of the book.