Acknowledgments I am very grateful to many who have contributed to this publication. My wife, Janet, and children (Paul, Lauren, Audrey, Julia and Peter) have been patient and supportive during the more than two year process of researching and writing this book. When I decided to become an academic, they assumed that my investment banker work-week would drop from 70þ hours to less than half that amount. This has not been the case, as I learned that academics work long hours too, and the book added many hours to my schedule. My oldest son, Paul, is a banker, derivatives structurer, and former convertibles trader, and I relied on and appreciated his wisdom in thinking through the organization of the book and benefited from technical suggestions he made. I wish to thank Xiaowei Zhang, who worked in my team at JP Morgan, for her very diligent and efficient contributions as my principal assis- tant during the editing and model production stage of this project. I was very fortunate to be able to rely on her many talents during an interlude in her investment banking career. As I transitioned from practitioner to academic over past 5 years, many finance department col- leagues and administrators at Northwestern University's Kellogg School of Management offered sup- port for this project and me. Special thanks to Kathleen Haggerty for her assistance from the Office