"Investments set the standardas a graduate (MBA) text intended primarily for courses in investment analysis.
The guiding principle has been to present the material in a framework that isorganized by a central core of consistent fundamental principles and will introducestudents to major issues currently of concern to all investors. In an effort to link theory to practice, the authorsmake their approach consistent with that of the CFA Institute. Many features ofthis text make it consistent with and relevant to the CFA curriculum.
The common unifying theme is that securitymarkets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. Investments is alsoorganized around several important themes: The central theme is the near informational-efficiency of well-developed security markets and the general awareness that competitive markets do not offer ""free lunches"" to participants. A second theme is the risk–return trade-off. Also, this text places great emphasis on asset allocation. Finally, this text offers a broad and deep treatment of futures, options, and other derivative security markets."
By:
Zvi Bodie,
Alex Kane,
Alan Marcus
Imprint: McGraw-Hill Education
Country of Publication: United States
Edition: 13th edition
Dimensions:
Height: 252mm,
Width: 201mm,
Spine: 38mm
Weight: 1.590kg
ISBN: 9781266085963
ISBN 10: 1266085963
Pages: 1072
Publication Date: 02 February 2023
Audience:
College/higher education
,
Primary
Format: Paperback
Publisher's Status: Active
PART I: Introduction Chapter 1: The Investment Environment Chapter 2: Asset Classes and Financial Instruments Chapter 3: How Securities Are Traded Chapter 4: Mutual Funds and Other InvestmentCompanies PART II: Portfolio Theory and Practice Chapter 5: Risk, Return, and the HistoricalRecord Chapter 6: Capital Allocation to Risky Assets Chapter 7: Efficient Diversification Chapter 8: Index Models PART III: Equilibrium in Capital Markets Chapter 9: The Capital Asset Pricing Model Chapter 10: Arbitrage Pricing Theory andMultifactor Models of Risk and Return Chapter 11: The Efficient Market Hypothesis Chapter 12: Behavioral Finance and TechnicalAnalysis Chapter 13: Empirical Evidence on SecurityReturns PART IV: Fixed-Income Securities Chapter 14: Bond Prices and Yields Chapter 15: The Term Structure of Interest Rates Chapter 16: Managing Bond Portfolios PART V: Security Analysis Chapter 17: Macroeconomic and Industry Analysis Chapter 18: Equity Valuation Models Chapter 19: Financial Statement Analysis PART VI: Options, Futures, and Other Derivatives Chapter 20: Options Markets: Introduction Chapter 21: Option Valuation Chapter 22: Futures Markets Chapter 23: Futures, Swaps, and Risk Management PART VII: Applied Portfolio Management Chapter 24: Portfolio Performance Evaluation Chapter 25: International Diversification Chapter 26: Alternative Assets Chapter 27: The Theory of Active PortfolioManagement Chapter 28: Investment Policy and the Frameworkof the CFA Institute REFERENCES TO CFA PROBLEMS GLOSSARY NAME INDEX SUBJECT INDEX NOTATION, FORMULAS
Zvi Bodie is Professor Emeritus at Boston University. He holds a PhD from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT's Sloan School of Management. He has published widely in scholarly and professional journals on pension investment strategy and life-cycle asset-liability matching. In 2007 the Retirement Income Industry Association gave him its Lifetime Achievement Award for applied research. Alex Kune holds a PhD from the Stern School of Business of New York University and has been Visiting Professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and Research Associate, National Bureau of Economic Research. An author of many articles in finance and management journals. Professor Kanes research is mainly in corporate finance, portfolio management. and capital markets. Alan Marcus is the Mario J. Gabelli Professor of Finance in the Carroll School of Management at Boston College. He received his PhD in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT's Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. He also spent two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk. He currently serves on the Research Foundation Advisory Board of the CFA Institute.
