Not requiring any prerequisites, this second edition builds on the basic framework of the first edition. Coverage of options on futures is expanded, with more attention to option premiums. Options on futures are increasingly popular with decision makers, and more detailed coverage is merited. Separate chapters on foreign currencies and on stock market applications have been added. As our exposure to a global market grows, currency exchange risk becomes more important and has direct ramifications for the American farmer. And all the markets - stock, financial, agricultural, currency - are becoming closely intertwined.

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