Derivatives Markets

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How can we evaluate the sometimes unintelligible world of financial derivatives, especially when they are seemingly capable of wreaking so much havoc?It is clear that derivatives are not well-understood even among many market participants. This book is a crisp, down-to-earth, theoretically rigorous but applied introduction to derivative securities and will provide a working knowledge of derivatives to a wide area of market participants, including, but not limited to, finance students.