on all orders of $59 or more

$8 OFF your purchase of $100 or more!
Use coupon code WEDNESDAY in checkout.

Understanding Arbitrage An Intuitive Approach to Financial Analysis

, by
Understanding Arbitrage An Intuitive Approach to Financial Analysis by Billingsley, Randall, 9780137010028
Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
  • ISBN: 9780137010028 | 0137010028
  • Cover: Paperback
  • Copyright: 10/5/2005
  • eBook

    Available Instantly

    Online: 365 Days

    Downloadable: Lifetime Access

Arbitrage is central both to corporate risk management and to a wide range of investment strategies. Thousands of financial executives, managers, and sophisticated investors want to understand it, but most books on arbitrage are far too abstract and technical to serve their needs. Billingsley addresses this untapped market with the first accessible and realistic guide to the concepts and modern practice of arbitrage. It relies on intuition, not advanced math: readers will find basic algebra sufficient to understand it and begin using its methods. The author starts with a lucid introduction to the fundamentals of arbitrage, including the Laws of One Price and One Expected Return. Using realistic examples, he shows how to identify assets and portfolios ripe for exploitation: mispriced commodities, securities, misvalued currencies; interest rate differences; and more. You'll learn how to establish relative prices between underlying stocks, puts, calls, and 'riskless' securities like Treasury bills - and how these techniques support derivatives pricing and hedging.

You might also enjoy...

Please wait while the item is added to your bag...