For courses in options, futures, and derivatives. To be financially
literate in today's market, business students must have a solid
understanding of derivatives concepts and instruments and the uses
of those instruments in corporations. The Third Edition has an
accessible mathematical presentation, and more importantly, helps
students gain intuition by linking theories and concepts together
with an engaging narrative that emphasizes the core economic
principles underlying the pricing and uses of derivatives. The
third edition has been updated to include new data and examples
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