Contents

Preface
1. Introduction
2. Markets and Products
3. Why There Are No Free Lunches
4. Pricing by Replication
5. The Quest for the Option Formula
6. How Firms Hedge
7. How Investors Use Derivatives
8. Disasters: Divine Results Racked by Human Recklessness
9. Credit Risk
10. Financial Engineering: Some Tools of the Trade

(new)
All 10 chapters in a single bookmarked pdf file.

Derivatives: The Tools That Changed Finance

Errata and Acknowledgements
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