20.1 CHAPTER OVERVIEW20.2 OTC AND EXCHANGE-TRADED CURRENCY OPTIONS20.3 HEDGING FX EXPOSURES WITH OPTIONS: CASE STUDY20.4 PRICING CURRENCY OPTIONS20.5 INTEREST RATE OPTIONS20.6 EXCHANGE-TRADED INTEREST RATE OPTIONS20.7 CAPS, FLOORS, AND COLLARS20.8 INTEREST RATE CAP: CASE STUDY20.9 PRICING CAPS AND FLOORS: BLACK MODEL20.10 SWAPTIONS20.11 INTEREST RATE STRATEGIES20.12 CONVERTIBLE BONDS20.13 CB MEASURES OF VALUE20.14 CONVERSION PREMIUM AND PARITY20.15 CONVERTIBLE ARBITRAGE20.16 CHAPTER SUMMARY