1st Edition
by Keith Cuthbertson (Author), Dirk Nitzsche (Author), Niall O'Sullivan (Author)
Three experts provide an authoritative guide to the theory and practice of derivatives
Derivatives: Theory and Practice
and its companion website explore the practical uses of derivatives and
offer a guide to the key results on pricing, hedging and speculation
using derivative securities. The book links the theoretical and
practical aspects of derivatives in one volume whilst keeping
mathematics and statistics to a minimum. Throughout the book, the
authors put the focus on explanations and applications.
Designed
as an engaging resource, the book contains commentaries that make
serious points in a lighthearted manner. The authors examine the real
world of derivatives finance and include discussions on a wide range of
topics such as the use of derivatives by hedge funds and the application
of strip and stack hedges by corporates, while providing an analysis of
how risky the stock market can be for long-term investors, and more.
To
enhance learning, each chapter contains learning objectives, worked
examples, details of relevant finance blogs technical appendices and
exercises.
