All About Derivatives Second Edition Av Michael Durbin

EVERYTHING YOU NEED TO KNOW ABOUT DERIVATIVESAll About Derivatives, Second Edition, presents the complex subject of financial derivatives with a clarity and coherence you won’t find in other books. Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of All About Derivatives provides a rock-solid foundation on: * The most common contracts available to you in today's market * Key concepts such as cost of carry, settlement, valuation, and payoff * Proven methods for establishing fair value * How leverage can work for you--and against you * The various derivative contracts traded today, including forwards, futures, swaps, and options * Pricing methods and mathematics for determining fair value * Hedging strategies for managing and reducing different types of riskINCLUDES A BRAND-NEW CHAPTER ON THE ROLEDERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN