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Securities are the fundamental tools and products of investment banking. This book is an introduction to these trading instruments, their mathematical formulas, how to assess their value, how to price them and how to assess their risk. It begins with an overview of how investmen…
Securities are the fundamental tools and products of investment banking. They can be broadly categorized into debt - including banknotes, bonds and debentures, equity and derivative financial instruments that range from options and swaps to very complex and risky trading strateg…