It is sometimes hard for me to believe that the first edition of this book, published in 1988, was only 330 pages and 13 chapters long. The book has grown and been adapted to keep up with the fast pace of change in derivatives markets. Like earlier editions, this book serves sev…
In the years since the subprime mortgage crisis of August 2007 moved economics from the business report to the front page, a justified fall in confidence has gripped producers, consumers, financial institutions, and governments.Even the idea that the market is an efficient alloc…
We present corporate finance as an application of a set of simple, powerful ideas. At the heart is the principal of the absence of arbitrage opportunities, or Law of One Price-in life, you don't get something for nothing. This simple concept is a powerful and important tool in f…
