CONCORDIA UNIVERSITY 
FINA 412: Options and Futures 
Comprehensive Study and Exam Preparation Guide 2025 
 
Part 01: About This Guide 
Part 02: Sample Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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Concordia University - Options and Futures (FINA 412)

C$25.00

ACADEMIC YEAR 2025 - 2026

University	Concordia University
Department	Finance
Course Code	FINA 412
Course Name	Options and Futures
Notes Title	Comprehensive Study and Exam Prep Guide
Page Length	30

Built for FINA 412: Options and Futures (Concordia), this updated self-study guide helps you master what examiners actually test. You’ll get a clear breakdown of the final-exam format, typical question styles, and marking focus, plus core practice questions with step-by-step solutions. Simple, well-labelled diagrams make key option and futures concepts stick for faster recall under time pressure. Topic-by-topic notes align to the latest syllabus so you can target high-value areas, avoid common pitfalls, and practise efficient methods. Use it to structure your revision, sharpen technique, and walk into the exam confident about both the content and how to present your working.

FINA 412: Options and Futures examines North American options and futures markets, emphasizing institutional structures, pricing principles, and real-world applications. Students will explore various types of futures and options contracts, such as those tied to stock indices, debt instruments, and foreign currencies. Emphasis is placed on using these instruments for risk management through hedging and for speculative strategies. The course also examines how financial derivatives impact equity and debt markets and addresses key regulatory issues affecting these instruments.

Students will develop a theoretical foundation in futures and options pricing, including the use of arbitrage pricing models, binomial trees, and the Black-Scholes-Merton model. Main topics to be covered include futures markets and central counterparties, the determination of forward and futures prices, interest rate futures, and swaps. Through detailed discussions of hedging, arbitrage, and speculative strategies, students will learn how to apply these tools effectively in financial markets, balancing theory with real-world application.

Prerequisite: FINA 380 or 385, and FINA 390 or 395.

COURSE CODE	COURSE NAME
ACCO 230	Introduction to Financial Accounting
ACCO 310	Financial Reporting I
ACCO 320	Financial Reporting II
ACTU 256	Mathematics of Finance
COMM 215	Business Statistics
COMM 217	Financial Accounting
COMM 220	Analysis of Markets
COMM 222	Organizational Behaviour and Theory
COMM 223	Marketing Management
COMM 305	Managerial Accounting
COMM 308	Introduction to Finance
COMM 315	Business Law and Ethics
ECON 201	Introduction to Microeconomics
ECON 203	Introduction to Macroeconomics
ECON 221	Statistical Methods I
ECON 222	Statistical Methods II
ECON 301	Intermediate Microeconomic Theory I
ECON 421	Econometrics I
ECON 423	Topics in Applied Econometrics
FINA 385	Theory of Finance I
FINA 395	Theory of Finance II
FINA 411	Portfolio Management
FINA 412	Options and Futures
PSYC 315	Statistical Analysis I
STAT 250	Statistics
STAT 460	Time Series and Forecasting

Concordia University - Options and Futures (FINA 412)

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