Investments

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The sixth edition, with numerous improvements over the previous edition, continues to offer students of management the most thorough, balanced, and current survey of the investment environment and the investment process. With a fresh and stimulating approach, the book provides a solid theoretical framework, integrated with a discussion of new investment management techniques, to build a practical knowledge of the functioning of securities and securities markets. The essentials of prominent investment concepts are explained through numerous well-knit examples to enhance students' grasp of the material. Included in each chapter are bulleted summaries, endnotes, key terms, questions and problems, and extensive annotated references to give students a strong foundation and opportunity for further study of topics presented in the text. Table of Contents PrefaceIntroductionBuying and Selling SecuritiesSecurity MarketsEfficient Markets, Investment Value, and Market PriceThe Valuation of Riskless SecuritiesThe Portfolio Selection ProblemPortfolio AnalysisRiskfree Borrowing and LendingThe Capital Asset Pricing ModelFactor ModelsArbitrage Pricing TheoryTaxes and InflationFixed-Income SecuritiesBond AnalysisBond Portfolio ManagementCommon StocksThe Valuation of Common StocksEarningsOptionsFuturesInvestment CompaniesFinancial AnalysisInvestment ManagementPortfolio Performance EvaluationInternational InvestingGlossarySelected Solutions to End-of-Chapter Questions and ProblemsIndex