Essentials of Investments https://www.mheducation.com/cover-images/Jpeg_400-high/1260772160.jpeg 12 9781260772166 The market-leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, continues to evolve along with the changes in the financial markets yet remains organized around one basic theme—that security markets are nearly efficient, meaning that you should expect to find few obvious bargains in these markets. This text places great emphasis on asset allocation while presenting the practical applications of investment theory. The text also focuses on investment analysis, which allows us to present the practical applications of investment theory and convey practical value insights. A collection of Excel spreadsheets is provided to give you the tools to explore concepts more deeply. In their efforts to link theory to practice, the author team also makes their approach consistent with that of the CFA Institute. Included are questions from previous CFA exams in our end-of-chapter problems and CFA-style questions derived from the Kaplan-Schweser CFA preparation courses.
Essentials of Investments

Essentials of Investments

12th Edition
By Zvi Bodie and Alex Kane and Alan Marcus
ISBN10: 1260772160
ISBN13: 9781260772166
Copyright: 2022
Product Details +
09781260772166

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The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

Program Details

Part ONE: ELEMENTS OF INVESTMENTS 

Chapter 1: Investments: Background and Issues

Chapter 2: Asset Classes and Financial Instruments

Chapter 3: Securities Markets 

Chapter 4: Mutual Funds and Other Investment Companies 

Part TWO: PORTFOLIO THEORY 

Chapter 5: Risk, Return, and the Historical Record 

Chapter 6: Efficient Diversification 

Chapter 7: Capital Asset Pricing and Arbitrage PricingTheory 

Chapter 8: The Efficient Market Hypothesis 

Chapter 9: Behavioral Finance and Technical Analysis 

Part THREE: DEBT SECURITIES 

Chapter 10: Bond Prices and Yields 

Chapter 11: Managing Bond Portfolios 

Part FOUR: SECURITY ANALYSIS 

Chapter 12: Macroeconomic and Industry Analysis 

Chapter 13: Equity Valuation 

Chapter 14: Financial Statement Analysis 

Part FIVE: DERIVATIVE MARKETS 

Chapter 15: Options Markets 

Chapter 16: Option Valuation 

Chapter 17: Futures Markets and Risk Management 

Part SIX: ACTIVE INVESTMENT MANAGEMENT 

Chapter 18: Evaluating Investment Performance 

Chapter 19: International Diversification 

Chapter 20: Hedge Funds 

Chapter 21: Taxes, Inflation, and Investment Strategy 

Chapter 22: Investors and the Investment Process 

Appendixes

A References

B References to CFA Questions 

Index 

About the Author

Zvi Bodie

Zvi Bodie is Professor Emeritus at Boston University, where he taught from 1973 to 2016.  Today, he is an independent financial consultant and educator.  His main professional interest is to firmly establish finance as an applied science built on the principles explained in his books and websites.  He holds a Ph.D. from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT's Sloan School of Management.  His textbook Financial Economics coauthored by Nobel-Prize winning economist Robert C. Merton has been translated into 9 languages.  In addition to his textbooks, Bodie has coauthored two books for the mass market: Risk Less and Prosper: Your Guide to Safer Investing and Worry-Free Investing A Safe Approach to Achieving Your Lifetime Financial Goals.  In 2007, the Retirement Income Industry Association gave him its Lifetime Achievement Award for applied research.  He has authored and edited many books and articles on pensions and investing for retirement. With the support of the Research Foundation of the CFA Institute, he organized a series of 3 conferences on the theory and practice of life-cycle finance.  Currently he serves as senior advisor to the Investments and Wealth Institute and consults for a number of financial firms including Dimensional Fund Advisors. 

Alex Kane

Professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane’s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options.

Alan Marcus

Alan J. Marcus is a Professor of Finance in the Wallace E. Carroll School of Management at Boston College. His main research interests are in derivatives and securities markets. He is co-author (with Zvi Bodie and Alex Kane) of the texts Investments and Essentials of Investments. Professor Marcus has served as a research fellow at the National Bureau of Economic Research. Professor Marcus also spent two years at Freddie Mac, where he helped to develop mortgage pricing and credit risk models. He currently serves on the Research Foundation Advisory Board of the CFA Institute.

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