Skilled investors know that to play in today's high-risk global-investment environment, they must maximize return while hedging risk. To do this successfully, investors must understand completely the intricacies and nuances of a myriad of investment vehicles, many relatively new to the investment arena. In Derivative Securities: The Complete Investor's Guide, two renowned experts show how a unified approach to derivatives, one that pays equal attentions to options and futures pricing in both theory and practice, allows the investor to achieve his or her goals. Particular attention is paid to the issue of credit risk in pricing and the crucial function of risk management.