Speculation And Hedging
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Risk Management, Speculation, and Derivative Securities
| Author | : Geoffrey Poitras |
| Publisher | : Academic Press |
| Total Pages | : 628 |
| Release | : 2002-06-10 |
| Genre | : Business & Economics |
| ISBN | : 9780125588225 |
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Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, "Risk Management, Speculation, and Derivative Securities" is a standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives.
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Excerpt from Speculation and Hedging: 262-67 Hedging is usually defined by illustration. In the standard example, a buyer of (say) 5000 bushels of wheat at $2 b
