Futures And Options (McGraw-Hill Series In Finance) (Hardcover)

This text is designed for students or practitioners who want to learn how futures and option markets operate. It covers complex and difficult subjects, such as hedging, in a systematic way. It is designed for use at the undergraduate and graduate level where courses in futures, futures and options, speculative markets or advanced risk management are offered. The book gives a step-by-step analysis of each topic, starting very simply and building to sophisticated levels. It uses real data, data analyses, and graphical analyses extensively. It also provides general hedging concepts and applies them to many different futures contracts and situations. An instructor's manual is available.