
xxiv Preface
The Learning Objectives for
each chapter are captured as
questions that readers will be
able to answer after reading
the chapter.
Each chapter starts of with a real-life situation describing the
practical application of concepts explained in the chapter.
Learning Objectives
Chapter-opening Box
1
2
Chapter 4, “Forward Contracts”, examines forward contracts: how to use them, value them, and hedge com-
modity price, interest rate, and exchange rate risks. Chapter 5, “Futures Contracts”, discusses the basics of futures
contracts, and their traditional role in Indian exchanges. Chapter 6, “Hedging Strategies Using Futures”, focuses
on ...