Hull, Options, Futures & Other Derivatives, Chapter 13: Binomial Trees is a 45 minute instructional video analyzing the following concepts:

* Calculate the value of an American and a European call or put option using a one-step and two-step binomial model.

* Describe how volatility is captured in the binomial model.

* Describe how the value calculated using a binomial model converges as time periods are added.

* Explain how the binomial model can be altered to price options on: stocks with dividends, stock indices, currencies, and futures.