{"product_id":"the-practical-guide-to-wall-street-equities-and-derivatives-479-wiley-finance-9780470383728","title":"The Practical Guide to Wall Street Equities and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe Practical Guide to Wall Street  is an indispensable resource for anyone who aspires to a front-office sales or trading position on Wall Street and an essential desk reference for market practitioners and those who interact with this exciting but widely misunderstood industry.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eA Comment on the Events of 2008 xxiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One What Is a Stock? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Equity Fundamentals (Part 1): Introduction to Financial Statements 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 3\u003c\/p\u003e \u003cp\u003eEquity and Corporation 4\u003c\/p\u003e \u003cp\u003eIntroduction to Financial Statements 5\u003c\/p\u003e \u003cp\u003eThe Balance Sheet 6\u003c\/p\u003e \u003cp\u003eThe Income Statement 15\u003c\/p\u003e \u003cp\u003eStatement of Cash Flows 20\u003c\/p\u003e \u003cp\u003eSummary 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Equity Fundamentals (Part 2): Financial Ratios, Valuation, and Corporate Actions 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 27\u003c\/p\u003e \u003cp\u003eFinancial Ratios 28\u003c\/p\u003e \u003cp\u003eGrowth and Value 38\u003c\/p\u003e \u003cp\u003eBloomberg 39\u003c\/p\u003e \u003cp\u003eValuation 40\u003c\/p\u003e \u003cp\u003eTechnical Analysis 51\u003c\/p\u003e \u003cp\u003eCorporate Actions 54\u003c\/p\u003e \u003cp\u003eSummary 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Products and Services 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Cash Market 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 69\u003c\/p\u003e \u003cp\u003eHow a Stock Exchange Functions 69\u003c\/p\u003e \u003cp\u003eExchange Structure 76\u003c\/p\u003e \u003cp\u003eOrder Types 81\u003c\/p\u003e \u003cp\u003eHow the Cash Trading Business Works 102\u003c\/p\u003e \u003cp\u003eCommunication 112\u003c\/p\u003e \u003cp\u003ePurchasing a Stock in a Foreign Currency 115\u003c\/p\u003e \u003cp\u003eSummary 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Equity Indices 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 123\u003c\/p\u003e \u003cp\u003eIndex Construction 125\u003c\/p\u003e \u003cp\u003eWhat an Index Doesn’t Tell Us 129\u003c\/p\u003e \u003cp\u003eValuation and Calculation 131\u003c\/p\u003e \u003cp\u003eReplicating Portfolio 134\u003c\/p\u003e \u003cp\u003eTrading an Index Portfolio 136\u003c\/p\u003e \u003cp\u003eIndex Changes 139\u003c\/p\u003e \u003cp\u003eIndex Dividend Points 142\u003c\/p\u003e \u003cp\u003eTotal Return Index Calculation 144\u003c\/p\u003e \u003cp\u003eMulticurrency Indices 145\u003c\/p\u003e \u003cp\u003eEquity Indices in Practice 147\u003c\/p\u003e \u003cp\u003eInternational Indices 156\u003c\/p\u003e \u003cp\u003eSummary 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Program Trading 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 167\u003c\/p\u003e \u003cp\u003eExplanation of a Sample Trade 173\u003c\/p\u003e \u003cp\u003eWhen Is Program Trading More Beneficial? 182\u003c\/p\u003e \u003cp\u003ePortfolio Analytics 184\u003c\/p\u003e \u003cp\u003eTransition Management 189\u003c\/p\u003e \u003cp\u003ePrincipal Trades 191\u003c\/p\u003e \u003cp\u003eSummary 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Exchange-Traded Funds (ETFs) 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 203\u003c\/p\u003e \u003cp\u003eTrading Mechanics 205\u003c\/p\u003e \u003cp\u003eNet Asset Value (NAV) 207\u003c\/p\u003e \u003cp\u003ePopularity 208\u003c\/p\u003e \u003cp\u003eTrading versus Holding 212\u003c\/p\u003e \u003cp\u003eETFs in Practice 214\u003c\/p\u003e \u003cp\u003eSummary 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Forwards and Futures 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 217\u003c\/p\u003e \u003cp\u003eCalculation of Fair Value 219\u003c\/p\u003e \u003cp\u003eFutures 223\u003c\/p\u003e \u003cp\u003eIndex Arbitrage 233\u003c\/p\u003e \u003cp\u003eThe Futures Roll 240\u003c\/p\u003e \u003cp\u003eExchange for Physical (EFP) 245\u003c\/p\u003e \u003cp\u003eBasis Trades 254\u003c\/p\u003e \u003cp\u003eFutures Contracts in Practice 259\u003c\/p\u003e \u003cp\u003eTechnical Comment on the Accuracy of Approximations 263\u003c\/p\u003e \u003cp\u003eSummary 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Swaps 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 267\u003c\/p\u003e \u003cp\u003eMotivation for a Swap 267\u003c\/p\u003e \u003cp\u003eA Long Equity Swap Example 269\u003c\/p\u003e \u003cp\u003eThe Swap in Detail: Definitions and Terminology 272\u003c\/p\u003e \u003cp\u003eCalculation of Payments 277\u003c\/p\u003e \u003cp\u003eShort Swap 279\u003c\/p\u003e \u003cp\u003eBack-to-Back Swaps 280\u003c\/p\u003e \u003cp\u003eSwaps as a Trading Tool 281\u003c\/p\u003e \u003cp\u003eA Comment on Hedging 286\u003c\/p\u003e \u003cp\u003eSwap Valuation: Accrual versus NPV 287\u003c\/p\u003e \u003cp\u003eCurrency Exposure 289\u003c\/p\u003e \u003cp\u003eISDA 293\u003c\/p\u003e \u003cp\u003eRisks and Other Considerations 294\u003c\/p\u003e \u003cp\u003eSummary 296\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Options (Part 1) 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 299\u003c\/p\u003e \u003cp\u003eDefinitions and Terminology 300\u003c\/p\u003e \u003cp\u003ePayoff Structure 301\u003c\/p\u003e \u003cp\u003eOption Values Prior to Maturity 311\u003c\/p\u003e \u003cp\u003eQuantitative Considerations 323\u003c\/p\u003e \u003cp\u003eThe Black-Scholes Derivation 326\u003c\/p\u003e \u003cp\u003eTypes of Volatility 337\u003c\/p\u003e \u003cp\u003eSummary 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Options (Part 2) 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVolatility Trading 343\u003c\/p\u003e \u003cp\u003eOption Sensitivities: The “Greeks” 354\u003c\/p\u003e \u003cp\u003eImplied Volatility Revisited 374\u003c\/p\u003e \u003cp\u003eOTC and Exotic Options 377\u003c\/p\u003e \u003cp\u003eSummary 383\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Trading Floor 385\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 385\u003c\/p\u003e \u003cp\u003eOrganization of the Sales and Trading Businesses 386\u003c\/p\u003e \u003cp\u003eOther Groups 390\u003c\/p\u003e \u003cp\u003eSummary 404\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Economics 405\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Macroeconomics for Trading and Sales 407\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 407\u003c\/p\u003e \u003cp\u003eCapital Asset Pricing Model (CAPM) 408\u003c\/p\u003e \u003cp\u003eOverview of Macroeconomics 408\u003c\/p\u003e \u003cp\u003eThe Fed 417\u003c\/p\u003e \u003cp\u003eMoving beyond the Big Three: Other Macroeconomic Concepts 424\u003c\/p\u003e \u003cp\u003eOther Variables 426\u003c\/p\u003e \u003cp\u003eA Final Observation 428\u003c\/p\u003e \u003cp\u003eSummary 429\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Economic Data Releases 431\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 431\u003c\/p\u003e \u003cp\u003ePreliminary Definitions 433\u003c\/p\u003e \u003cp\u003ePrincipal U.S. Economic Indicators 436\u003c\/p\u003e \u003cp\u003eRest of the World Economics 456\u003c\/p\u003e \u003cp\u003eEurope 457\u003c\/p\u003e \u003cp\u003eEuropean Economic Statistics 462\u003c\/p\u003e \u003cp\u003eAsia 466\u003c\/p\u003e \u003cp\u003eThe Market’s Reaction Function 471\u003c\/p\u003e \u003cp\u003eWhat the Market Tells Us about the Economy 476\u003c\/p\u003e \u003cp\u003eSummary 480\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix Mathematical Review 481\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 481\u003c\/p\u003e \u003cp\u003eFunctions 482\u003c\/p\u003e \u003cp\u003eCompound Interest and Exponential Growth 483\u003c\/p\u003e \u003cp\u003eCalculus 487\u003c\/p\u003e \u003cp\u003eRandom Variables, Probability, and Statistics 494\u003c\/p\u003e \u003cp\u003eSummary 505\u003c\/p\u003e \u003cp\u003eNotes 507\u003c\/p\u003e \u003cp\u003eAbout the Author 519\u003c\/p\u003e \u003cp\u003eIndex 521\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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