My Account Details

ISBN10: 1265062005 | ISBN13: 9781265062002

* 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.
Instructor Information
Quick Actions (Only for Validated Instructor Accounts):
This market-leading undergraduate investments textbook 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.
1. Investments: Background and Issues
2. Asset Classes and Financial Instruments
3. Securities Markets
4. Mutual Funds and Other Investment Companies
PART TWO: PORTFOLIO THEORY
5. Risk, Return, and the Historical Record
6. Efficient Diversification
7. Capital Asset Pricing and Arbitrage Pricing Theory
8. The Efficient Market Hypothesis
9. Behavioral Finance and Technical Analysis
PART THREE: DEBT SECURITIES
10. Bond Prices and Yields
11. Managing Bond Portfolios
PART FOUR: SECURITY ANALYSIS
12. Macroeconomic and Industry Analysis
13. Equity Valuation
14. Financial Statement Analysis
PART FIVE: DERIVATIVE MARKETS
15. Options Markets
16. Option Valuation
17. Futures Markets and Risk Management
PART SIX: ACTIVE INVESTMENT MANAGEMENT
18. Evaluating Investment Performance
19. International Diversification
20. Hedge Funds
21. Taxes, Inflation, and Investment Strategy
22. Investors and the Investment Process
APPENDIXES
A. References
B. References to CFA Questions
Need support? We're here to help - Get real-world support and resources every step of the way.