Introduction to Derivatives and Risk Management 11th edition by Chance

Introduction to Derivatives and Risk Management, 11th edition by Don M. Chance, provides a clear introduction to derivative securities and their role in managing financial risk. Published by Cengage, this text covers options, futures, forwards, swaps, hedging strategies, pricing models, and the institutional settings where derivatives are traded. Students learn both the mechanics of derivative contracts and the reasoning behind risk management decisions. With practical examples and quantitative applications, it is well suited for finance courses that connect market theory with portfolio, corporate, and investment risk management practice.