For undergraduate and graduate courses in business and economics, focusing on courses in options and futures. Updated and revised to reflect the most current information, this introduction to futures and options markets is ideal for those with a limited background in mathematics. Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street and in the college market, this text presents an accessible and student-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, the Fifth Edition effectively guides students through the material while helping them prepare for the working world.

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