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Financial engineering expert Charles S. Tapiero has his finger on the pulse of shifts coming to financial engineering and its applications. With an eye toward the future, he has crafted a comprehensive and accessible book for practitioners and students of Financial Engineering that emphasizes an intuitive approach to financial and quantitative foundations in financial and risk engineering. The book covers the theory from a practitioner perspective and applies it to a variety of real-world problems.
Who This Book Is For xvi
How This Book Is Structured xvii
What's on the Companion Web Site xix
CHAPTER 1 Risk, Finance, Corporate Management, and Society 1
Risks Everywhere—A Consequence of Uncertainty 1
Risk and Finance: Basic Concepts 4
Finance and Risks 6
Financial Instruments 7
Securities or Stocks 7
Example: An IBM Day-Trades Record 7
Example: Constructing a Portfolio 11
Derivatives and Options 12
Real and Financial Assets 15