A whole is worth the sum of its parts. Even the most complex structured bond, credit arbitrage strategy or hedge trade can be broken down into its component parts, and if we understand the elemental components, we can then value the whole as the sum of its parts. We can quantify the risk that is hedged and the risk that is left as the residual exposure. If we learn to view all financial trades and securities as engineered packages of building blocks, then we can analyze in which structures some parts may be cheap and some may be rich. It is this relative value arbitrage principle that drives all modern trading and investment. This book is an easy-to-understand guide to the complex world of today’s financial markets teaching you what money and capital markets are about through a sequence of arbitrage-based numerical illustrations and exercises enriched with institutional detail. Filled with insights and real life examples from the trading floor, it is essential reading for anyone starting out in trading. Using a unique structural approach to teaching the mechanics of financial markets, the book dissects markets into their common building blocks: spot (cash), forward/futures, and contingent (options) transactions. After explaining how each of these is valued and settled, it exploits the structural uniformity across all markets to introduce the difficult subjects of financially engineered products and complex derivatives. The book avoids stochastic calculus in favour of numeric cash flow calculations, present value tables, and diagrams, explaining options, swaps and credit derivatives without any use of differential equations.
An Arbitrage Guide to Financial Markets is the first book to explicitly show the linkages of markets for equities, currencies, fixed income and commodities. Using a unique structural approach, it dissects all markets the same way: into spot, forward and contingent dimensions, bringing out the simplicity and the commonalities of all markets. The book shuns stochastic calculus in favor of cash flow details of arbitrage trades. All math is simple, but there is lots of it. The book reflects the relative value mentality of an institutional trader seeking profit from misalignments of various market segments. The book is aimed at entrants into investment banking and dealing businesses, existing personnel in non-trading jobs, and people outside of the financial services industry trying to gain a view into what drives dealers in today’s highly integrated marketplace. A committed reader is guaranteed to leave with a deep understanding of all current issues. "This is an excellent introduction to the financial markets by an author with a strong academic approach and practical insights from trading experience. At a time when the proliferation of financial instruments and the increased use of sophisticated mathematics in their analysis, makes an introduction to financial markets intimidating to most, this book is very useful. It provides an insight into the core concepts across markets and uses mathematics at an accessible level. It equips readers to understand the fundamentals of markets, valuation and trading. I would highly recommend it to anyone looking to understand the essentials of successfully trading, structuring or using the entire range of financial instruments available today." —Varun Gosain, Principal, Constellation Capital Management, New York "Robert Dubil, drawing from his extensive prior trading experience, has made a significant contribution by writing an easy to understand book about the complex world of today’s financial markets, using basic mathematical concepts. The book is filled with insights and real life examples about how traders approach the market and is required reading for anyone with an interest in understanding markets or a career in trading." —George Handjinicolaou, Partner, Etolian Capital, New York "This book provides an excellent guide to the current state of the financial markets. It combines academic rigour with the author’s practical experience of the financial sector, giving both students and practitioners an insight into the arbitrage pricing mechanism." —Zenji Nakamura, Managing Director, Europe Fixed Income Division, Nomura International plc, London
An Arbitrage Guide to Financial Markets is the first book to explicitly show the linkages of markets for equities, currencies, fixed income and commodities. Using a unique structural approach, it dissects all markets the same way: into spot, forward and contingent dimensions, bringing out the simplicity and the commonalities of all markets. The book shuns stochastic calculus in favor of cash flow details of arbitrage trades. All math is simple, but there is lots of it. The book reflects the relative value mentality of an institutional trader seeking profit from misalignments of various market segments. The book is aimed at entrants into investment banking and dealing businesses, existing personnel in non-trading jobs, and people outside of the financial services industry trying to gain a view into what drives dealers in today’s highly integrated marketplace. A committed reader is guaranteed to leave with a deep understanding of all current issues. "This is an excellent introduction to the financial markets by an author with a strong academic approach and practical insights from trading experience. At a time when the proliferation of financial instruments and the increased use of sophisticated mathematics in their analysis, makes an introduction to financial markets intimidating to most, this book is very useful. It provides an insight into the core concepts across markets and uses mathematics at an accessible level. It equips readers to understand the fundamentals of markets, valuation and trading. I would highly recommend it to anyone looking to understand the essentials of successfully trading, structuring or using the entire range of financial instruments available today." —Varun Gosain, Principal, Constellation Capital Management, New York "Robert Dubil, drawing from his extensive prior trading experience, has made a significant contribution by writing an easy to understand book about the complex world of today’s financial markets, using basic mathematical concepts. The book is filled with insights and real life examples about how traders approach the market and is required reading for anyone with an interest in understanding markets or a career in trading." —George Handjinicolaou, Partner, Etolian Capital, New York "This book provides an excellent guide to the current state of the financial markets. It combines academic rigour with the author’s practical experience of the financial sector, giving both students and practitioners an insight into the arbitrage pricing mechanism." —Zenji Nakamura, Managing Director, Europe Fixed Income Division, Nomura International plc, London
A whole is worth the sum of its parts. Even the most complex structured bond, credit arbitrage strategy or hedge trade can be broken down into its component parts, and if we understand the elemental components, we can then value the whole as the sum of its parts. We can quantify the risk that is hedged and the risk that is left as the residual exposure. If we learn to view all financial trades and securities as engineered packages of building blocks, then we can analyze in which structures some parts may be cheap and some may be rich. It is this relative value arbitrage principle that drives all modern trading and investment. This book is an easy-to-understand guide to the complex world of today’s financial markets teaching you what money and capital markets are about through a sequence of arbitrage-based numerical illustrations and exercises enriched with institutional detail. Filled with insights and real life examples from the trading floor, it is essential reading for anyone starting out in trading. Using a unique structural approach to teaching the mechanics of financial markets, the book dissects markets into their common building blocks: spot (cash), forward/futures, and contingent (options) transactions. After explaining how each of these is valued and settled, it exploits the structural uniformity across all markets to introduce the difficult subjects of financially engineered products and complex derivatives. The book avoids stochastic calculus in favour of numeric cash flow calculations, present value tables, and diagrams, explaining options, swaps and credit derivatives without any use of differential equations.
With Over 60 tables, most with graphic illustration, and over 1000 formulas, Formulas for Dynamics, Acoustics, and Vibration will provide an invaluable time-saving source of concise solutions for mechanical, civil, nuclear, petrochemical and aerospace engineers and designers. Marine engineers and service engineers will also find it useful for diagnosing their machines that can slosh, rattle, whistle, vibrate, and crack under dynamic loads.
Fundamentals of Corporate Finance, 5th Edition develops the key concepts of corporate finance with an intuitive approach while emphasizing computational skills. This course helps students develop an intuitive understanding of key financial concepts and provides them with problem-solving and decision-making skills. Using an intuitive approach, students develop a richer understanding of corporate finance concepts while also enabling them to develop the critical judgments necessary to apply financial tools in real-world decision-making situations. Corporate Finance, 5e offers a level of rigor that is appropriate for both business and finance majors and yet presents the content in a manner that students find accessible.
The use of computers for engineering design, and in CNC for manufacturing, has dramatically changed the cam design and manufacturing process. Additionally, cam design and manufacturing have been affected by a significant number of fundamental research results published in recent years. This new edition offers changes which have been made throughout the book to update its information with the latest technology from the engineering literature and from the author's research and that of his students. Beginning at an introductory level and progressing to more advanced topics, this it provides all the information needed to properly design, model, analyze, specify, and manufacture cam-follower systems. It is truly a comprehensive resource that brings together up-to-date cam design technology, correct design and manufacturing procedures, and recent cam research results-all in one volume Additionally, this unique book is accompanied by a 90-day trial demonstration copy of the Professional Version of Dynacam. Written by the author and used worldwide, this program solves the equations described in the book and allows in its fully licensed version the design, dynamic modeling, analysis, and generation of follower center, cam surface, and cutter coordinate data for any cam. It also defines conjugate cams for any application. Includes a completely rewritten and updated chapter on splines, along with a discussion of shape-preserving splines as currently used for automotive valve-train cams. Features added coverage of multi-degree of freedom models and of followers with deliberate impact events within the chapter on dynamic modeling. Covers Globoidal cams in several chapters. Provides a definitive solution to the torque compensation cam design problem. Program Dynacam is much enhanced and improved and is available at a preferred price to purchasers of the book.
The School of Business Administration at the University of Connecticut was created in 1940 at about the same time that the university changed its name to the University of Connecticut. This book chronicles the School’s journey to excellence over its first 75 years of existence. The School operates degree programs at four major locations. The School has grown from a faculty of 5 in 1940 to 112 in 2015. Starting with just an undergraduate program in 1940 the offerings of the school now include multiple MBA and MS programs as well as a Ph.D. program. Recognition of the quality of the School’s programs is represented by its AACSB accreditation and its rankings. In the most recent year its MBA program has been ranked in the Top 50 among all programs and the Top 25 among all public programs. Its MS in Accounting Program recently was ranked as number 3 in the country.
Learn how to perform the full range of radical pelvic procedures with this comprehensive text and atlas Radical and Reconstructive Gynecologic Cancer Surgery is the first text to encompass the full range of extirpative and reconstructive surgical procedures required to treat locally advanced and recurrent pelvic cancers. It is a unique blend of clinical best practices and a detailed surgical atlas with numerous high-quality photographs and illustrations. The book reflects the integrated multidisciplinary team approach necessary for the effective management of these cancers. The surgical chapters follow a consistent presentation that includes background, indications and clinical applications, anatomical considerations, preoperative preparation, surgical procedure, postoperative care, and long-term outcomes. Radical and Reconstructive Gynecologic Cancer Surgery is divided into three main parts: PART 1 covers the historical evolution of radical pelvic surgical procedures and provides an anatomical review of pertinent pelvic and abdominal visceral,vascular, and bony structures as a foundation for the detailed descriptions and illustrations of the surgical procedures that follow. PART 2 consists of the extirpative procedures organized by system, physiology, and anatomic region in a text and atlas format. The detailed illustrations are complemented by operative photographs that emphasizethe practical or "how-to" aspects of each procedure. PART 3 includes comprehensive coverage of the full range of reconstructive procedures and surgical options available to optimize patient outcomes, as well as a chapter on rehabilitation, quality of life issues, and symptom management.
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