Efnisyfirlit

• Cover
• Preface
• Part 1: Background
• Chapter 1: Understanding Investments
• An Overall Perspective on Investing
• Establishing a Framework for Investing
• A Perspective on Investing
• The Importance of Studying Investments
• Understanding the Investment Decision Process
• Checking Your Understanding
• Structuring the Decision Process
• Important Considerations in the Investment Decision-Making Process
• Checking Your Understanding
• Organizing the Text
• Summary
• Questions
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 2: Investment Alternatives
• Organizing Financial Assets
• A Global Perspective
• Nonmarketable Financial Assets
• Money Market Securities
• Checking Your Understanding
• Capital Market Securities
• Fixed-Income Securities
• Checking Your Understanding
• Equity Securities
• Checking Your Understanding
• Derivative Securities
• A Final Note
• Summary
• Questions
• Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 3: Indirect Investing
• Investing Indirectly
• What Is an Investment Company?
• Three Major Types of Investment Companies
• Checking Your Understanding
• Types of Mutual Funds
• Checking Your Understanding
• The Net Asset Value per Share
• The Details of Indirect Investing
• Checking Your Understanding
• Investment Company Performance
• Investing Internationally through Investment Companies
• The Future of Indirect Investing
• Hedge Funds
• Summary
• Questions
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 4: Securities Markets and Market Indexes
• The Importance of Financial Markets
• The Primary Markets
• Checking Your Understanding
• The Secondary Markets
• Checking Your Understanding
• Stock Market Indexes
• Checking Your Understanding
• Bond Markets
• Derivatives Markets
• The Globalization of Markets
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 5: How Securities are Traded
• Introduction
• Brokerage Transactions
• How Orders Work
• Checking Your Understanding
• Investor Protection in the Securities Markets
• Checking Your Understanding
• Margin
• Short Sales
• Checking Your Understanding
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Part 2 Portfolio and Capital Market Theory
• Chapter 6: The Risk and Return from Investing
• An Overview
• Return
• Measuring Returns
• A Global Perspective
• Checking Your Understanding
• Summary Statistics for Returns
• Checking Your Understanding
• Risk
• Measuring Risk
• Checking Your Understanding
• Realized Returns and Risks from Investing
• Compounding and Discounting
• Summary
• Questions
• Demonstration Problems
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 7: Portfolio Theory
• Dealing With Uncertainty
• Checking Your Understanding
• Introduction to Modern Portfolio Theory
• Portfolio Return and Risk
• Analyzing Portfolio Risk
• Checking Your Understanding
• The Components of Portfolio Risk
• Checking Your Understanding
• Calculating Portfolio Risk
• Checking Your Understanding
• Obtaining the Data
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 8: Portfolio Selection and Asset Allocation
• Building a Portfolio Using Markowitz Principles
• The Global Perspective—International Diversification
• Some Important Conclusions about the Markowitz Model
• Checking Your Understanding
• Selecting Optimal Asset Classes—The Asset Allocation Decision
• Asset Allocation and the Individual Investor
• Checking Your Understanding
• The Impact of Diversification on Risk
• The Implications of Reducing Risk by Holding Portfolios
• Summary
• Questions
• Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 9: Capital Market Theory and Asset Pricing Models
• Capital Market Theory
• Checking Your Understanding
• The Capital Market Line
• Checking Your Understanding
• Systematic Risk and Beta
• The Capital Asset Pricing Model (CAPM)
• Checking Your Understanding
• Arbitrage Pricing Theory
• Checking Your Understanding
• Other Prominent Factor Models
• Some Conclusions about Asset Pricing
• Summary
• Questions
• Demonstration Problems
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Part 3 Common Stocks: Analysis, Valuation, and Management
• Chapter 10: Common Stock Valuation
• Overview
• Discounted Cash Flow Models
• The Dividend Discount Model
• Checking Your Understanding
• Growth Rate Cases for the DDM
• Checking Your Understanding
• Other Discounted Cash Flow Approaches
• Checking Your Understanding
• The Multiplier Approach
• Other Multipliers
• Relative Valuation Metrics
• Which Approach to Use?
• Bursting the Bubble on New Economy Stocks—A Lesson in Valuation
• Checking Your Understanding
• Some Final Thoughts on Valuation
• Summary
• Questions
• Demonstration Problems
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 11: Common Stocks: Analysis and Strategy
• A Global Perspective
• The Impact of the Overall Market on Stocks
• Building Stock Portfolios
• Checking Your Understanding
• The Passive Strategy
• Checking Your Understanding
• The Active Strategy
• Checking Your Understanding
• Rational Markets and Active Strategies
• A Simple Strategy: The Coffeehouse Portfolio
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 12: Market Efficiency
• Overview
• The Concept of an Efficient Market
• Checking Your Understanding
• How to Test for Market Efficiency
• Checking Your Understanding
• Market Anomalies
• Checking Your Understanding
• Behavioral Finance
• Checking Your Understanding
• Some Conclusions about Market Efficiency
• Summary
• Questions
• Problems
• Checking Your Understanding
• Part 4 Security Analysis
• Chapter 13: Economy/Market Analysis
• Introduction
• Taking a Global Perspective
• Assessing the Economy
• Checking Your Understanding
• The Stock Market and the Economy
• Checking Your Understanding
• Understanding the Stock Market
• Checking Your Understanding
• Making Market Forecasts
• Checking Your Understanding
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 14: Sector/Industry Analysis
• Introduction
• What Is an Industry?
• The Importance of Sector/Industry Analysis
• Checking Your Understanding
• Analyzing Sectors/Industries
• Checking Your Understanding
• Using Sector/Industry Analysis as an Investor
• Summary
• Questions
• Checking Your Understanding
• Chapter 15: Company Analysis
• Fundamental Analysis
• The Accounting Aspects of Earnings
• Checking Your Understanding
• The Problems with EPS
• Checking Your Understanding
• Using the Financial Statements to Analyze FCF, ROE, and EPS
• Checking Your Understanding
• Earnings Estimates
• The Multiplier
• Fundamental Security Analysis in Practice
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 16: Technical Analysis
• Introduction
• What Is Technical Analysis?
• Checking Your Understanding
• Stock Price and Volume Techniques
• Checking Your Understanding
• Technical Indicators
• Testing Technical Analysis Strategies
• The Ebb and Flow of Technical Analysis
• Some Conclusions about Technical Analysis
• Summary
• Questions
• Computational Problems
• Checking Your Understanding
• Part 5 Fixed-Income Securities: Analysis, Valuation, and Management
• Chapter 17: Bond Yields and Prices
• Introduction
• Bond Yields and Interest Rates
• Measuring Bond Yields
• Checking Your Understanding
• Checking Your Understanding
• Bond Prices
• Bond Price Changes
• Checking Your Understanding
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 18: Bonds: Analysis and Strategy
• Why Buy Bonds?
• Important Considerations in Managing a Bond Portfolio
• Checking Your Understanding
• Bond Strategies and Techniques
• Passive Management Strategies
• Active Management Strategies
• Managing Price Volatility
• Checking Your Understanding
• Immunization
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Part 6 Derivative Securities
• Chapter 19: Options
• Why Have Derivative Securities?
• Introduction to Options
• Understanding Options
• Checking Your Understanding
• Checking Your Understanding
• Payoffs and Profits from Basic Option Positions
• Some Basic Options Strategies
• Checking Your Understanding
• Option Valuation
• Checking Your Understanding
• An Investor’s Perspective on Puts and Calls
• Stock Index Options
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 20: Futures Contracts
• An Overview of Futures Markets
• The Structure of Futures Markets
• Checking Your Understanding
• The Mechanics of Trading
• Checking Your Understanding
• Using Futures Contracts
• Checking Your Understanding
• Financial Futures
• Single Stock Futures
• Summary
• Questions
• Problems
• Computational Problems
• Checking Your Understanding
• Part 7 Investment Management
• Chapter 21: Managing Your Financial Assets
• A Perspective on Investing in Financial Assets
• Managing Your Financial Assets
• Checking Your Understanding
• Formulate an Appropriate Investment Strategy
• Investor Objectives
• Checking Your Understanding
• What Issues Do Investors Face in Their Financial Planning?
• Investor Expectations as a Part of Financial Planning
• Checking Your Understanding
• Implementing Investing Strategies
• Basic Investment Management Strategies
• Financial Planning on an Ongoing Basis
• Checking Your Understanding
• Rebalancing a Portfolio of Financial Assets
• Determining the Success of Your Financial Planning
• Summary
• Questions
• Spreadsheet Exercises
• Checking Your Understanding
• Chapter 22: Evaluation of Investment Performance
• A Framework for Evaluating and Assessing Portfolio Performance
• Performance Measurement Issues
• Checking Your Understanding
• Risk-Adjusted Measures of Performance
• Checking Your Understanding
• Checking Your Understanding
• Measures of Downside Risk
• Style Analysis and Performance Attribution
• Money Managers and Performance Presentations
• Checking Your Understanding
• An Overview on Performance Evaluation
• Summary
• Questions
• Problems
• Computational Problems
• Spreadsheet Exercises
• Checking Your Understanding
• Glossary
• Index
• End User License Agreement