"The aim of this book is to present a clear exposition of key results on pricing, hedging and speculation using derivative securities. The emphasis is on drawing out the practical uses of derivatives. The reader needs only to have undertaken an introductory course in finance, together with some...

Cover -- Title Page -- Copyright -- Contents -- About the Authors -- About the Companion Site -- Preface -- Chapter 1 Derivative Securities -- 1.1 Forwards and Futures -- 1.1.1 Market Classification -- 1.2 Options -- 1.2.1 Call Options -- 1.2.2 Long Call: Speculation -- 1.2.3 Closing Out --...