Fundamentals of Futures and Options Markets, Eighth Edition

The following typos and other errors are in the first printing of the book and solutions manual. We have tried to correct them in subsequent printings and so they may not be present in the copy you have.

Errata in Book

Page 59: Example 3.4: line 9: Spot price on November 10 should equal $95 not $92 (This was kindly pointed out by Hank Han-Hsing Lee)

Page 75: Problem 3.29: line 10: Replace “What is the initial margin requirement in October 2010?” by “What is the initial margin requirement in October 2013?” (This was kindly pointed out by Yingli Pi)

Page 123: Example 5.8: 11 lines from end: replace $1,587 with $1,597. (This was kindly pointed out by Julio Lopez.)

Page 208: line 2: replace “2010” by “2009”

Page 252: Problem 10.23: line 2: Delete “12 months to maturity,” (This is redundant as the same information is given later in the problem.)

Page 311: Two lines above start of Section 13.8: is one plus the expected percentage increase in the stock price if option is exercised. We could also say that is the expected stock price in a risk neutral world if option is exercised. (This was kindly pointed out by Hwa-Sung Kim)

Errata in Solutions Manual