Investment Analysis and Portfolio ManagementThe purpose of this book is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well. The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions. To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available. Reilly/Brown provide the best foundation, used extensively by professionals, organizations, and schools across the country. A great source for those with both a theoretical and practical need for investment expertise. |
Contents
THE INVESTMENT BACKGROUND | 4 |
Chapter 1 | 39 |
The Investment Setting | 61 |
Copyright | |
62 other sections not shown
Common terms and phrases
alternative analysis annual asset allocation assume average beta bond market capital market CAPM cash flow CFA Examination Level Chapter common stock compute consider corporate bonds correlation cost coupon debt decline derive discount discussion dividend dividend discount model economic equity estimate example expected rate expected return factors Financial Analysts firm firm's fixed-income free cash flow funds future global growth rate high-yield bonds implies income increase indicates inflation interest rates investors issues liquidity long-term market portfolio market value maturity measure NYSE P/E ratio payments percent period Portfolio Management present value profit margin put option rate of return relationship required rate risk premium risk-free risky assets S&P Industrials Index sell share shown in Exhibit specific spot rate standard deviation stock market stock prices strategy systematic risk total assets trading U.S. dollars variables volatility Walgreens yield curve yield to maturity