Investments, Sixth Edition

Introduction * Buying And Selling Securities * Security Markets * Efficient Markets, Investment Value, And Market Price * The Valuation Of Riskless Securities * The Portfolio Selection Problem * Portfolio Analysis * Riskfree Borrowing and Lending * The Capital Asset Pricing Model * Factor Models * Arbitrage Pricing Theory * Taxes And Inflation * Fixed-Income Securities * Bond Analysis * Bond Portfolio Management * Common Stocks * The Valuation Of Common Stocks * Earnings * Options * Futures * Investment Companies * Financial Analysis * Investment Management * Portfolio Performance Evaluation * International Investing Glossary Selected Solutions To End-Of-Chapter Questions And Problems Index 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.