FUNDAMENTALS OF FINANCIAL INSTRUMENTS An accessible, one-stop reference for students and professionals The thoroughly updated Second Edition of Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives is the leading, one-stop reference for students and professionals interested in exploring foundational and advanced topics in financial instruments. Including coverage of essential economic theory and the structure of the market, the book begins with explorations of basic financial instruments and concepts before moving on to more advanced material on equity, preferred shares, bonds, money market instruments, foreign exchange products, derivatives, mortgage-backed securities, and swaps. The latest edition offers new material on interest rate derivatives, bonds with embedded options, mutual funds, ETFs, pension plans, financial macroeconomics, orders, exchanges, and useful Excel functions for finance students and professionals. An ideal resource for students of undergraduate, graduate, and executive programs in business and finance, Fundamentals of Financial Instruments will be invaluable for banking and finance professionals seeking to fortify their understanding of the foundations of finance. This standalone resource is also a powerful accompaniment to popular textbooks used in courses like financial derivatives, fixed income securities, and international finance.