Investments S [5 ed.] 9780072503661, 0072503661

Table of contents :
Preface......Page 6
Walk Through......Page 14
1. The Investment Environment......Page 18
2. Markets and Instruments......Page 43
3. How Securities Are Traded......Page 80
4. Mutual Funds and Other Investment Companies......Page 119
5. History of Interest Rates and Risk Premiums......Page 147
6. Risk and Risk Aversion......Page 168
7. Capital Allocation between the Risky Asset and the Risk-Free Asset......Page 197
8. Optimal Risky Portfolio......Page 221
9. The Capital Asset Pricing Model......Page 271
10. Single-Index and Multifactor Models......Page 305
11. Arbitrage Pricing Theory......Page 333
12. Market Efficiency......Page 353
13. Empirical Evidence on Security Returns......Page 395
14. Bond Prices and Yields......Page 426
15. The Term Structure of Interest Rates......Page 464
16. Managing Bond Portfolios......Page 494
17. Macroeconomics and Industry Analysis......Page 542
18. Equity and Valuation Models......Page 572
19. Financial Statement Analysis......Page 616
20. Options Markets: Introduction......Page 657
21. Option Valuation......Page 705
22. Futures Markets......Page 748
23. Futures and Swaps: A Closer Look......Page 775
24. Portfolio Performance Evaluation......Page 813
25. International Diversification......Page 855
26. The Process of Portfolio Management......Page 880