Books by Robert L. McDonald

Derivatives Markets, 3/e

Robert L. McDonald

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• All Web Appendices (.zip file)
• Appendix 5.A: Taxes and the Forward Price
• Appendix 5.C: Forward and Futures Prices When Interest Rates Are Random
• Appendix 9.B: Algebraic Proofs of Strike-Price Relations
• Appendix 10.A: Taxes and Option Prices
• Appendix 16.A: An Alternative Approach to Expensing Option Grants
• Appendix 17.A: Calculation of Optimal Time to Drill an Oil Well
• Appendix 17.B: The Solution with Shutting Down and Restarting
• Appendix 18.B: Constructing a Normal Probability Plot
• Appendix 19.A: Formulas for Geometric Average Options
• Appendix 20.A: Valuation Using Discounted Cash Flow
• Appendix 21.C: Solutions for Prices and Probabilities
• Appendix 22.C: Risk-Neutral Pricing and Marginal Utility in the Binomial Model
• Appendix 23.A: The Reflection Principle
• Appendix 25.A: Constructing the BDT Tree