Market Risk Analysis III Pricing hedging and trading financial instruments by Carol Alexander pdf free download. A financial instrument is a legal contract between two or more parties that defines conditions under which the various parties incur costs and receive benefits. A cost or benefit need not be a monetary amount; it could be a commodity, for instance. The simplest type of financial instrument is a financial asset, which is a legal claim on a real asset such as a company, a commodity, cash, gold or a building. A financial security is a standardized form of financial asset that is traded in an organized market.
Market Risk Analysis III Pricing hedging and trading financial instruments by Carol Alexander pdf free download
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