This introduction provides a clear framework for understanding and analyzing securities, and covers the major institutional features and theories of investing. While the book presents a thorough discussion of investments, the authors keep the material practical, relevant, and easy to understand. The latest developments in investments are brought to life through the use of tables, graphs, and illustrations that incorporate current market information and academic research. An international content deals directly with international securities and securities markets throughout the book—along with currency management and interest rate parity. Up-to-date “Money Matters” articles reflect the latest real-world developments and are provided throughout each chapter to give readers a sense of how practitioners deal with various investment issues and use techniques. Other coverage includes an array of investment tools—presented through discussions on stocks, bonds, and other securities such as options and futures. A guide to reviewing, forecasting, and monitoring—for individuals preparing to make investments or take the CFA exam.
Organize topics in a way that makes them easy to apply--whether to a portfolio simulation or to real life--and support these topics with hands-on activities. The approach of this text reflects two central ideas.
This introductory text provides a clear framework for understanding and analyzing securities. It also covers the major institutional features and theories of investing in the current economy. This edition has...
This ninth edition provides a terrific framework and introduction for students looking to pursue a career in investments—particularly for those interested in eventually holding the CFA charter.
This book offers a comprehensive review of the operations of the industry post-financial crisis from a variety of perspectives. This new edition builds upon the authors’ predecessor book, Fundamentals of Investment: An Irish Perspective.
Also available with MyLab Finance MyLab(TM) Finance is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results.
Suppose the following data are available for the 1983–2002 period for several mutual funds ( the S & P 500 Index and the 90 ... we can derive the following : Mutual Fund David Fund Frances Fund Wright Fund S & P 500 Index Jensen's Alpha ...
Fundamentals of Investments: Valuation and Management
"Traditionally, investments textbooks tend to fall into one of two camps.
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Fundamentals of Investment Management