Review institutional detail of the primary risks faced by the major types of business finance firms and the applicability of these risks for the financial manager. Topics include asset valuation; the economic role of money markets and how this role relates to security valuation and risk analysis; risk measurement; options pricing; derivative risk management; measuring and comparing risk exposures across financial markets; risks and rewards of international financial markets; and recent developments in the practice of risk management. Case studies and industry applications provide context.