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Principles of Financial Engineering, 3rd Edition by Salih N. Neftci, Robert Kosowski

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Chapter 1

Introduction

This chapter provides an overview of some of the concepts and applications discussed in the book. We introduce the concept of replication and apply it to forwards, interest rate swaps, credit default swaps, and total returns swaps. We highlight the importance of funding, regulatory, balance sheet, and tax considerations in financial engineering.

Keywords

Forwards; money market; swaps; trading volatility

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