Understanding Arbitrage
Randall Billingsley
Reading Time
at 250 WPM3h 52m
The average reader, reading at a speed of 250 WPM, would take 3h 52m to read Understanding Arbitrage.
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8
days at 30 min/day
232
total minutes
Understanding Arbitrage
Published
2005
Publisher
Pearson Education, Limited
Pages
232
ISBN-13
9780137010028
Description
Arbitrage is central both to corporate risk management and to a wide range of investment strategies. Thousands of financial executives, managers, and sophisticated investors want to understand it, but most books on arbitrage are far too abstract and technical to serve their needs. Billingsley addresses this untapped market with the first accessible and realistic guide to the concepts and modern practice of arbitrage. It relies on intuition, not advanced math: readers will find basic algebra sufficient to understand it and begin using its methods. The author starts with a lucid introduction to the fundamentals of arbitrage, including the Laws of One Price and One Expected Return. Using realistic examples, he shows how to identify assets and portfolios ripe for exploitation: mispriced commodities, securities, misvalued currencies; interest rate differences; and more. You'll learn how to establish relative prices between underlying stock, puts, calls, and 'riskless' securities like Treasury bills -- and how these techniques support derivatives pricing and hedging. Billingsley then illuminates options pricing, the heart of modern risk management and financial engineering. He concludes with an accessible introduction to the Nobel-winning Modigliani-Miller theory, and its use in analyzing capital structure.
The art of money getting, or, Golden rules for money getting
Think and Grow Rich
As a man thinketh
The Wealth of Nations
The Richest Man in Babylon
The master key system in twenty-four parts with questionnaire and glossary
Frequently Asked Questions
How many pages are in Understanding Arbitrage?
This edition of Understanding Arbitrage has approximately 232 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Understanding Arbitrage?
For most readers, Understanding Arbitrage typically takes between 4h 50m and 3h 13m to complete. This is based on the book's length of approximately 58,000 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 3h 52m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 8 days • Estimated word count: 58,000 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Understanding Arbitrage?
The estimated word count for Understanding Arbitrage is approximately 58,000 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Understanding Arbitrage?
Understanding Arbitrage was written by Randall Billingsley.
When was Understanding Arbitrage published?
The publication date for this specific edition is 2005. The original work may have been published on a different date.