Market instruments
Distinguish cash products and derivative payoffs.
What you should be able to do
Independently: Compare cash flows and risks across four instruments.
Suggested prerequisites
A short guide
Distinguish cash products and derivative payoffs. Compare cash flows and risks across four instruments. Read the indicated source section, identify its key concepts and conditions, and work through the example. Record inputs, sources, units and assumptions. Keep your method separate from the result, mark unanswered questions, and review the output against the checklist.
An example
Equity is ownership and a bond is debt; an option buyer has a right, not an obligation.
Your task
Compare cash flows and risks across four instruments.
Start with this source
Read the indicated section relevant to market instruments and complete the foundation task.
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Your learning checklist
Required items: 0 / 10 completed or already known
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