Synopses & Reviews
KEY BENEFIT: This book provides a solid theoretical framework around which to build practical knowledge of securities and securities markets. KEY TOPICS: It offers a balanced presentation of theory and practice as it explains to readers the essentials of prominent investment concepts. Just as importantly, it illustrates how those concepts are applied by professional investors. Further, the book reviews a wide range of empirical studies that connects the academic to the practitioner. Numerous examples enhance readers' understanding of important ideas. The Sixth Edition distills the growing complexity of the investment environment, enumerating and describing today's various securities and markets in a clear, concise manner and integrating discussions of new investment management techniques.
Table of Contents
1. Introduction.
2. Buying and Selling Securities.
3. Security Markets.
4. Efficient Markets, Investment Value, and Market Price.
5. The Valuation of Riskless Securities.
6. The Portfolio Selection Problem.
7. Portfolio Analysis.
8. Riskfree Borrowing and Lending.
9. The Capital Asset Pricing Model.
10. Factor Models.
11. Arbitrage Pricing Theory.
12. Taxes and Inflation.
13. Fixed-Income Securities.
14. Bond Analysis.
15. Bond Portfolio Management.
16. Common Stocks.
17. The Valuation of Common Stocks.
18. Earnings.
19. Options.
20. Futures.
21. Investment Companies.
22. Financial Analysis.
23. Investment Management.
24. Portfolio Performance Evaluation.
25. International Investing.
Glossary.
Selected Solutions.
Index.