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    Parimutuel Applications In Finance

    By: K. Baron

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    -+
    $266.99
     
     
    ISBN
    9780230627505
    Date Released
    Binding
    eBook
     
     

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    Description
    Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

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