Investment Analysis and Portfolio ManagementPenned by a widely respected author team, this investments text takes an empirical approach to explaining current, real-world practice. Providing the most comprehensive coverage available, the text emphasizes investment alternatives and teaches students how to analyze these choices and manage their portfolio. Like the editions before it, the sixth edition includes excellent coverage of portfolio theory, capital market theory, security analysis, and international investments. |
Contents
THE INVESTMENT BACKGROUND | 4 |
Individual Stock and Bond Analysis | 34 |
The Asset Allocation Decision | 36 |
Copyright | |
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Common terms and phrases
alternative analysis annual assume average beta bond market call option capital market CAPM cash flow CFA Examination Chapter common stock compute consider corporate bonds correlation cost coupon debt decline derive discount discussion dividend economic equity estimate example expected rate expected return factors Financial Analysts firm firm's fixed-income funds future global growth rate high-yield bonds income increase indicates industry inflation interest rates investment investors issues Journal of Finance liquidity long-term major market portfolio market value maturity measure NYSE P/E ratio payments percent period Portfolio Management present value price changes profit margin put option rate of return relationship relative required rate risk premium risk-free risky assets sell share specific spot rate Standard & Poor's standard deviation stock market stock prices strategy systematic risk T-bills Table trading U.S. dollars valuation variables volatility Walgreen yield curve yield to maturity