Investment
Bodie

Bodie, Kane, and Marcus' Investments is the leading textbook for the graduate/MBA investments market. It is recognized as the best blend of practical and theoretical coverage, while maintaining an appropriate rigor and clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation, and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts.Further extended the systematic collection of Excel spreadsheets that give students tools to explore concepts more deeply. These spreadsheets are available on the bookżs web site at www.mhhe.com/bkm. For instance, Chapter 16 (The Process of Portfolio Management) has a new appendix containing an extensive spreadsheet model for sophisticated financial planning. The spreadsheets for this chapter allow students to study the interaction of taxes and inflation on long-term financial strategies.Includes new end of chapter questions that require the use of Standard & Poorżs Educational Version of Market Insight. Access to this online resource is free with each new copy of the book. The site contains quantitative and qualitative data on 600 top companies; it is powered by S&Pżs renowned COMPUSTATŽ database.Expanded Internet Exercises called E-Investments now appear in every chapter. These exercises were created to provide students with a structured set of steps to investigate financial data on the Internet. Easy-to-follow instructions and questions are presented so students can use what theyżve learned. Chapter 11 (Arbitrage Pricing Theory and Multifactor Models of Risk and Return) has been largely rewritten. There is a greater focus on the use of factor models as a means to understand and measure various risk exposures. The intuition for multifactor risk-return relation is enhanced, and the comparison between the multifactor APT and CAPM is further developed. The treatment of behavioral finance (Ch. 12 Market Efficiency and Behavioral Finance) has been fully reworked, with more careful development of behavioral hypothesis, their implications for security pricing, and their relation to the empirical evidence on security pricing. Chapter 25 (International Diversification) is fully rewritten, and contains considerable more evidence on global financial markets and security returns. The authors continue to present material in a framework that is organized by a central core of consistent fundamental principles. As such, they have stripped away unnecessary mathematical and technical detail to concentrate on providing the intuition to guide students and practitioners in their professional lives. To link theory with practice, the authors approach is consistent with that of the Institute of Chartered Financial Analysis (ICFA), a subsidiary of the Association of Investment Management and Research (AIMR). End of chapter problem sets contain questions from past CFA exams (identified with an icon), and appendix B lists each CFA question in the text and the exam from which it was taken. Also, chapter 3 includes excerpts from the "Code of Ethics and Standards of Professional Conduct" of the ICFA. Chapter 26, which discusses investors and the investment process, is modeled after the ICFA outline. Devotes considerable attention to Modern Portfolio Theory, which focuses on the techniques and implications of efficient diversification for the proper measurement of risk and the risk-return relationship. Provides complete coverage of futures, options and other derivative security markets. These markets have become crucial and integral to the financial universe and are the major sources of innovation in that universe. Understanding these markets is extremely important to finance professionals as well as to the sophisticated individual investor. Boxed readings contain short articles from business periodicals that enliven, reinforce and apply the material in a current, real-world way.

Informacje dodatkowe o Investment:

Wydawnictwo: angielskie
Data wydania: b.d
Kategoria: Ekonomia
ISBN: 978-0-07-711144-1
Liczba stron: 0