Understanding Arbitrage (Paperback)

The first brief, intuitive, 'low-math' guide to modern arbitrage and its importance in the practice of finance and investing. This text makes arbitrage understandable to the widest possible audience. It shows how to identify and exploit arbitrage opportunities in securities, commodities, currencies, interest rates, and more. Understanding Arbitrage leverages the author's unsurpassed experience teaching arbitrage to thousands of financial students and practitioners.

Features
The first brief, intuitive, 'low-math' guide to modern arbitrage and its importance in the practice of finance and investing.
* The first book to make arbitrage understandable to the widest possible audience of investors and financial professionals.
* Shows how to identify and exploit arbitrage opportunities in securities, commodities, currencies, interest rates, and more.
* Leverages the author's unsurpassed experience teaching arbitrage to thousands of financial students and practitioners.

Contents
Preface.
* Arbitrage, Hedging, and the Law of One Price.
* Arbitrage in Action.
* Cost of Carry Pricing.
* International Arbitrage.
* Put-Call Parity and Arbitrage.
* Option Pricing.
* Arbitrage and the (Ir)Relevance of Capital Structure.

References and Further Reading.
* Index.
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