The purpose of this book is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well. The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions. To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available. Reilly/Brown provide the best foundation, used extensively by professionals, organizations, and schools across the country. A great source for those with both a theoretical and practical need for investment expertise.

The purpose of this text is to help the student learn how to manage their money to derive the maximum benefit from what they earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization. The material is intended to be rigorous and empirical yet not overly quantitative. Reilly/Brown provides the best foundation, used extensively by professionals, organizations, and schools across the country. A great source for those with both a theoretical and practical need for investment expertise.

Seventh edition.

Professor Reilly received his BBA (Cum Laude), University of Notre Dame; MBA, Northwestern University; Ph.D. University of Chicago, and is a Chartered Financial Analyst (CFA). Dr. Reilly is the Bernard J. Hank Professor of Finance, Mendoza College of Bus

Part 1: THE INVESTMENT BACKGROUND. Chapter 1. The Investment Setting. Chapter 2. The Asset Allocation Decision. Chapter 3. Selecting Investments in a Global Market. Chapter 4. Organization and Functioning of Securities Markets. Chapter 5. Security Market Indicator Series. Part 2: DEVELOPMENTS IN INVESTMENT THEORY. Chapter 6. Efficient Capital Markets. Chapter 7. An Introduction to Portfolio Management. Chapter 8. An Introduction to Asset Pricing Models. Chapter 9. Multifactor Models of Risk and Return. Part 3: VALUATION PRINCIPLES AND PRACTICES. Chapter 10. Analysis of Financial Statements. Chapter 11. An Introduction to Security Valuation. Part 4: ANALYSIS AND MANAGEMENT OF COMMON STOCKS 400. Chapter 12. Macroanalysis and Microvaluation of the Stock Market. Chapter 13. Industry Analysis. Chapter 14. Company Analysis and Stock Valuation. Chapter 15. Technical Analysis. Chapter 16. Equity Portfolio Management Strategies. Part 5: ANALYSIS AND MANAGEMENT OF BONDS. Chapter 17. Bond Fundamentals. Chapter 18. The Analysis and Valuation of Bonds. Chapter 19. Bond Portfolio Management Strategies. Part 6: DERIVATIVE SECURITY ANALYSIS. Chapter 20. An Introduction to Derivative Markets and Securities. Chapter 21. Forward and Futures Contracts. Chapter 22. Option Contracts. Chapter 23. Swap Contracts, Convertible Securities, and Other Embedded Derivatives. Part 7: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT. Chapter 24. Professional Asset Management. Chapter 25. Evaluation of Portfolio Performance.