{"product_id":"investments-9781119667506","title":"Investments","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThe revised and updated fourteenth edition of \u003ci\u003eInvestments: Analysis and Management\u003c\/i\u003e explains the essentials of investing and supports good investment decisions. More than a simple introduction to the subject, this comprehensive textbook prepares students to handle real-world investment problems and controversies in a clear and accessible manner. Emphasizing readability, Authors Charles Jones and Gerald Jensen minimize complex formulas and simplify difficult materialenabling students of all levels and backgrounds to follow the entire discussion and delve further into the subject.\u003c\/p\u003e \u003cp\u003eIdeally suited for beginning courses in investments, this textbook is designed as a practical guide to help students gain foundational knowledge of investing and develop the analytic skills necessary for deciphering investment issues. Carefully organized chapters guide students through fundamental investing concepts, portfolio and capital market theory, common stock analysis and valuation, fixed\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart 1 Background\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Understanding Investments 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Overall Perspective on Investing 1\u003c\/p\u003e \u003cp\u003eEstablishing a Framework for Investing 3\u003c\/p\u003e \u003cp\u003eA Perspective on Investing 4\u003c\/p\u003e \u003cp\u003eThe Importance of Studying Investments 5\u003c\/p\u003e \u003cp\u003eUnderstanding the Investment Decision Process 9\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 14\u003c\/p\u003e \u003cp\u003eStructuring the Decision Process 14\u003c\/p\u003e \u003cp\u003eImportant Considerations in the Investment Decision-Making Process 15\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 20\u003c\/p\u003e \u003cp\u003eOrganizing the Text 20\u003c\/p\u003e \u003cp\u003eSummary 21\u003c\/p\u003e \u003cp\u003eQuestions 22\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 22\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Investment Alternatives 24\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrganizing Financial Assets 25\u003c\/p\u003e \u003cp\u003eA Global Perspective 27\u003c\/p\u003e \u003cp\u003eNonmarketable Financial Assets 27\u003c\/p\u003e \u003cp\u003eMoney Market Securities 28\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 31\u003c\/p\u003e \u003cp\u003eCapital Market Securities 31\u003c\/p\u003e \u003cp\u003eFixed-Income Securities 31\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 44\u003c\/p\u003e \u003cp\u003eEquity Securities 44\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 50\u003c\/p\u003e \u003cp\u003eDerivative Securities 51\u003c\/p\u003e \u003cp\u003eA Final Note 53\u003c\/p\u003e \u003cp\u003eSummary 53\u003c\/p\u003e \u003cp\u003eQuestions 54\u003c\/p\u003e \u003cp\u003eProblems 55\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 55\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Indirect Investing 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting Indirectly 58\u003c\/p\u003e \u003cp\u003eWhat is an Investment Company? 59\u003c\/p\u003e \u003cp\u003eThree Major Types of Investment Companies 60\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 66\u003c\/p\u003e \u003cp\u003eTypes of Mutual Funds 66\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 72\u003c\/p\u003e \u003cp\u003eThe Net Asset Value per Share 72\u003c\/p\u003e \u003cp\u003eThe Details of Indirect Investing 73\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 78\u003c\/p\u003e \u003cp\u003eInvestment Company Performance 78\u003c\/p\u003e \u003cp\u003eInvesting Internationally through Investment Companies 83\u003c\/p\u003e \u003cp\u003eThe Future of Indirect Investing 84\u003c\/p\u003e \u003cp\u003eHedge Funds 85\u003c\/p\u003e \u003cp\u003eSummary 86\u003c\/p\u003e \u003cp\u003eQuestions 87\u003c\/p\u003e \u003cp\u003eComputational Problems 88\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 88\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Securities Markets and Market Indexes 90\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Importance of Financial Markets 91\u003c\/p\u003e \u003cp\u003eThe Primary Markets 91\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 95\u003c\/p\u003e \u003cp\u003eThe Secondary Markets 95\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 101\u003c\/p\u003e \u003cp\u003eStock Market Indexes 101\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 108\u003c\/p\u003e \u003cp\u003eBond Markets 108\u003c\/p\u003e \u003cp\u003eDerivatives Markets 109\u003c\/p\u003e \u003cp\u003eThe Globalization of Markets 109\u003c\/p\u003e \u003cp\u003eSummary 110\u003c\/p\u003e \u003cp\u003eQuestions 110\u003c\/p\u003e \u003cp\u003eProblems 111\u003c\/p\u003e \u003cp\u003eComputational Problems 112\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 112\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 How Securities\u003c\/b\u003e \u003cb\u003eare\u003c\/b\u003e \u003cb\u003eTraded 114\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 114\u003c\/p\u003e \u003cp\u003eBrokerage Transactions 115\u003c\/p\u003e \u003cp\u003eHow Orders Work 118\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 122\u003c\/p\u003e \u003cp\u003eInvestor Protection in the Securities Markets 122\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 127\u003c\/p\u003e \u003cp\u003eMargin 127\u003c\/p\u003e \u003cp\u003eShort Sales 130\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 135\u003c\/p\u003e \u003cp\u003eSummary 135\u003c\/p\u003e \u003cp\u003eQuestions 136\u003c\/p\u003e \u003cp\u003eProblems 136\u003c\/p\u003e \u003cp\u003eComputational Problems 137\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 137\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 138\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Portfolio and Capital Market Theory\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Risk and Return from Investing 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Overview 139\u003c\/p\u003e \u003cp\u003eReturn 140\u003c\/p\u003e \u003cp\u003eMeasuring Returns 141\u003c\/p\u003e \u003cp\u003eA Global Perspective 147\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 150\u003c\/p\u003e \u003cp\u003eSummary Statistics for Returns 150\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 154\u003c\/p\u003e \u003cp\u003eRisk 154\u003c\/p\u003e \u003cp\u003eMeasuring Risk 156\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 160\u003c\/p\u003e \u003cp\u003eRealized Returns and Risks from Investing 160\u003c\/p\u003e \u003cp\u003eCompounding and Discounting 164\u003c\/p\u003e \u003cp\u003eSummary 164\u003c\/p\u003e \u003cp\u003eQuestions 165\u003c\/p\u003e \u003cp\u003eDemonstration Problems 166\u003c\/p\u003e \u003cp\u003eProblems 167\u003c\/p\u003e \u003cp\u003eComputational Problems 168\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 168\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Portfolio Theory 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDealing With Uncertainty 171\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 176\u003c\/p\u003e \u003cp\u003eIntroduction to Modern Portfolio Theory 176\u003c\/p\u003e \u003cp\u003ePortfolio Return and Risk 177\u003c\/p\u003e \u003cp\u003eAnalyzing Portfolio Risk 179\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 181\u003c\/p\u003e \u003cp\u003eThe Components of Portfolio Risk 181\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 186\u003c\/p\u003e \u003cp\u003eCalculating Portfolio Risk 186\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 189\u003c\/p\u003e \u003cp\u003eObtaining the Data 190\u003c\/p\u003e \u003cp\u003eSummary 191\u003c\/p\u003e \u003cp\u003eQuestions 192\u003c\/p\u003e \u003cp\u003eProblems 193\u003c\/p\u003e \u003cp\u003eComputational Problems 194\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 194\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Portfolio Selection and Asset Allocation 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuilding a Portfolio Using Markowitz Principles 198\u003c\/p\u003e \u003cp\u003eThe Global Perspective—International Diversification 201\u003c\/p\u003e \u003cp\u003eSome Important Conclusions about the Markowitz Model 202\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 203\u003c\/p\u003e \u003cp\u003eSelecting Optimal Asset Classes—The Asset Allocation Decision 203\u003c\/p\u003e \u003cp\u003eAsset Allocation and the Individual Investor 211\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 216\u003c\/p\u003e \u003cp\u003eThe Impact of Diversification on Risk 216\u003c\/p\u003e \u003cp\u003eThe Implications of Reducing Risk by Holding Portfolios 219\u003c\/p\u003e \u003cp\u003eSummary 219\u003c\/p\u003e \u003cp\u003eQuestions 220\u003c\/p\u003e \u003cp\u003eProblems 220\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 221\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Capital Market Theory and Asset Pricing Models 224\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Market Theory 225\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 229\u003c\/p\u003e \u003cp\u003eThe Capital Market Line 229\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 233\u003c\/p\u003e \u003cp\u003eSystematic Risk and Beta 233\u003c\/p\u003e \u003cp\u003eThe Capital Asset Pricing Model (CAPM) 239\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 243\u003c\/p\u003e \u003cp\u003eArbitrage Pricing Theory 245\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 249\u003c\/p\u003e \u003cp\u003eOther Prominent Factor Models 249\u003c\/p\u003e \u003cp\u003eSome Conclusions about Asset Pricing 250\u003c\/p\u003e \u003cp\u003eSummary 251\u003c\/p\u003e \u003cp\u003eQuestions 252\u003c\/p\u003e \u003cp\u003eDemonstration Problems 253\u003c\/p\u003e \u003cp\u003eProblems 254\u003c\/p\u003e \u003cp\u003eComputational Problems 254\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 255\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 255\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Common Stocks: Analysis, Valuation, and Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Common Stock Valuation 256\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 257\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow Models 258\u003c\/p\u003e \u003cp\u003eThe Dividend Discount Model 259\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 262\u003c\/p\u003e \u003cp\u003eGrowth Rate Cases for the DDM 262\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 273\u003c\/p\u003e \u003cp\u003eOther Discounted Cash Flow Approaches 273\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 276\u003c\/p\u003e \u003cp\u003eThe Multiplier Approach 276\u003c\/p\u003e \u003cp\u003eOther Multipliers 278\u003c\/p\u003e \u003cp\u003eRelative Valuation Metrics 279\u003c\/p\u003e \u003cp\u003eWhich Approach to Use? 283\u003c\/p\u003e \u003cp\u003eBursting the Bubble on New Economy Stocks—A Lesson in Valuation 284\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 285\u003c\/p\u003e \u003cp\u003eSome Final Thoughts on Valuation 285\u003c\/p\u003e \u003cp\u003eSummary 286\u003c\/p\u003e \u003cp\u003eQuestions 287\u003c\/p\u003e \u003cp\u003eDemonstration Problems 287\u003c\/p\u003e \u003cp\u003eProblems 289\u003c\/p\u003e \u003cp\u003eComputational Problems 290\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 291\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Common Stocks: Analysis and Strategy 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Global Perspective 293\u003c\/p\u003e \u003cp\u003eThe Impact of the Overall Market on Stocks 294\u003c\/p\u003e \u003cp\u003eBuilding Stock Portfolios 296\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 296\u003c\/p\u003e \u003cp\u003eThe Passive Strategy 296\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 301\u003c\/p\u003e \u003cp\u003eThe Active Strategy 301\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 311\u003c\/p\u003e \u003cp\u003eRational Markets and Active Strategies 311\u003c\/p\u003e \u003cp\u003eA Simple Strategy: The Coffeehouse Portfolio 311\u003c\/p\u003e \u003cp\u003eSummary 312\u003c\/p\u003e \u003cp\u003eQuestions 313\u003c\/p\u003e \u003cp\u003eProblems 313\u003c\/p\u003e \u003cp\u003eComputational Problems 313\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 314\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 314\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Market Efficiency 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 315\u003c\/p\u003e \u003cp\u003eThe Concept of an Efficient Market 316\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 322\u003c\/p\u003e \u003cp\u003eHow to Test for Market Efficiency 322\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 327\u003c\/p\u003e \u003cp\u003eMarket Anomalies 327\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 335\u003c\/p\u003e \u003cp\u003eBehavioral Finance 335\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 341\u003c\/p\u003e \u003cp\u003eSome Conclusions about Market Efficiency 341\u003c\/p\u003e \u003cp\u003eSummary 343\u003c\/p\u003e \u003cp\u003eQuestions 345\u003c\/p\u003e \u003cp\u003eProblems 346\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 346\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 Security Analysis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Economy\/Market Analysis 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 347\u003c\/p\u003e \u003cp\u003eTaking a Global Perspective 348\u003c\/p\u003e \u003cp\u003eAssessing the Economy 348\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 355\u003c\/p\u003e \u003cp\u003eThe Stock Market and the Economy 355\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 357\u003c\/p\u003e \u003cp\u003eUnderstanding the Stock Market 357\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 360\u003c\/p\u003e \u003cp\u003eMaking Market Forecasts 360\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 363\u003c\/p\u003e \u003cp\u003eSummary 367\u003c\/p\u003e \u003cp\u003eQuestions 367\u003c\/p\u003e \u003cp\u003eProblems 368\u003c\/p\u003e \u003cp\u003eComputational Problems 368\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 369\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 369\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Sector\/Industry Analysis 370\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 371\u003c\/p\u003e \u003cp\u003eWhat is an Industry? 372\u003c\/p\u003e \u003cp\u003eThe Importance of Sector\/Industry Analysis 373\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 375\u003c\/p\u003e \u003cp\u003eAnalyzing Sectors\/Industries 377\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 381\u003c\/p\u003e \u003cp\u003eUsing Sector\/Industry Analysis as an Investor 383\u003c\/p\u003e \u003cp\u003eSummary 387\u003c\/p\u003e \u003cp\u003eQuestions 387\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 388\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Company Analysis 389\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamental Analysis 389\u003c\/p\u003e \u003cp\u003eThe Accounting Aspects of Earnings 390\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 397\u003c\/p\u003e \u003cp\u003eThe Problems with EPS 397\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 401\u003c\/p\u003e \u003cp\u003eUsing the Financial Statements to Analyze FCF, ROE, and EPS 401\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 406\u003c\/p\u003e \u003cp\u003eEarnings Estimates 406\u003c\/p\u003e \u003cp\u003eThe Multiplier 410\u003c\/p\u003e \u003cp\u003eFundamental Security Analysis in Practice 414\u003c\/p\u003e \u003cp\u003eSummary 416\u003c\/p\u003e \u003cp\u003eQuestions 417\u003c\/p\u003e \u003cp\u003eProblems 418\u003c\/p\u003e \u003cp\u003eComputational Problems 418\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 419\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 420\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Technical Analysis 421\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 422\u003c\/p\u003e \u003cp\u003eWhat is Technical Analysis? 422\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 425\u003c\/p\u003e \u003cp\u003eStock Price and Volume Techniques 425\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 431\u003c\/p\u003e \u003cp\u003eTechnical Indicators 435\u003c\/p\u003e \u003cp\u003eTesting Technical Analysis Strategies 437\u003c\/p\u003e \u003cp\u003eThe Ebb and Flow of Technical Analysis 439\u003c\/p\u003e \u003cp\u003eSome Conclusions about Technical Analysis 439\u003c\/p\u003e \u003cp\u003eSummary 441\u003c\/p\u003e \u003cp\u003eQuestions 442\u003c\/p\u003e \u003cp\u003eComputational Problems 442\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 442\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5 Fixed-Income Securities: Analysis, Valuation, and Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Bond Yields and Prices 443\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 443\u003c\/p\u003e \u003cp\u003eBond Yields and Interest Rates 444\u003c\/p\u003e \u003cp\u003eMeasuring Bond Yields 451\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 457\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 459\u003c\/p\u003e \u003cp\u003eBond Prices 459\u003c\/p\u003e \u003cp\u003eBond Price Changes 461\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 465\u003c\/p\u003e \u003cp\u003eSummary 465\u003c\/p\u003e \u003cp\u003eQuestions 466\u003c\/p\u003e \u003cp\u003eProblems 467\u003c\/p\u003e \u003cp\u003eComputational Problems 468\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 468\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 469\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Bonds: Analysis and Strategy 470\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Buy Bonds? 470\u003c\/p\u003e \u003cp\u003eImportant Considerations in Managing a Bond Portfolio 474\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 475\u003c\/p\u003e \u003cp\u003eBond Strategies and Techniques 475\u003c\/p\u003e \u003cp\u003ePassive Management Strategies 476\u003c\/p\u003e \u003cp\u003eActive Management Strategies 478\u003c\/p\u003e \u003cp\u003eManaging Price Volatility 482\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 490\u003c\/p\u003e \u003cp\u003eImmunization 490\u003c\/p\u003e \u003cp\u003eSummary 494\u003c\/p\u003e \u003cp\u003eQuestions 495\u003c\/p\u003e \u003cp\u003eProblems 496\u003c\/p\u003e \u003cp\u003eComputational Problems 496\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 497\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 497\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6 Derivative Securities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Options 498\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Have Derivative Securities? 499\u003c\/p\u003e \u003cp\u003eIntroduction to Options 499\u003c\/p\u003e \u003cp\u003eUnderstanding Options 501\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 501\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 505\u003c\/p\u003e \u003cp\u003ePayoffs and Profits from Basic Option Positions 505\u003c\/p\u003e \u003cp\u003eSome Basic Options Strategies 510\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 513\u003c\/p\u003e \u003cp\u003eOption Valuation 513\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 522\u003c\/p\u003e \u003cp\u003eAn Investor’s Perspective on Puts and Calls 522\u003c\/p\u003e \u003cp\u003eStock Index Options 524\u003c\/p\u003e \u003cp\u003eSummary 527\u003c\/p\u003e \u003cp\u003eQuestions 528\u003c\/p\u003e \u003cp\u003eProblems 529\u003c\/p\u003e \u003cp\u003eComputational Problems 529\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 530\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 531\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Futures Contracts 532\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Overview of Futures Markets 532\u003c\/p\u003e \u003cp\u003eThe Structure of Futures Markets 535\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 537\u003c\/p\u003e \u003cp\u003eThe Mechanics of Trading 537\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 542\u003c\/p\u003e \u003cp\u003eUsing Futures Contracts 542\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 545\u003c\/p\u003e \u003cp\u003eFinancial Futures 545\u003c\/p\u003e \u003cp\u003eSummary 554\u003c\/p\u003e \u003cp\u003eQuestions 555\u003c\/p\u003e \u003cp\u003eProblems 556\u003c\/p\u003e \u003cp\u003eComputational Problems 556\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 556\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 7 Investment Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 Managing Your Financial Assets 557\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Perspective on Investing in Financial Assets 557\u003c\/p\u003e \u003cp\u003eManaging Your Financial Assets 558\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 560\u003c\/p\u003e \u003cp\u003eFormulate an Appropriate Investment Strategy 560\u003c\/p\u003e \u003cp\u003eInvestor Objectives 560\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 563\u003c\/p\u003e \u003cp\u003eWhat Issues Do Investors Face in Their Financial Planning? 563\u003c\/p\u003e \u003cp\u003eInvestor Expectations as a Part of Financial Planning 566\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 567\u003c\/p\u003e \u003cp\u003eImplementing Investing Strategies 568\u003c\/p\u003e \u003cp\u003eBasic Investment Management Strategies 570\u003c\/p\u003e \u003cp\u003eFinancial Planning on an Ongoing Basis 571\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 573\u003c\/p\u003e \u003cp\u003eRebalancing a Portfolio of Financial Assets 573\u003c\/p\u003e \u003cp\u003eDetermining the Success of Your Financial Planning 574\u003c\/p\u003e \u003cp\u003eSummary 574\u003c\/p\u003e \u003cp\u003eQuestions 575\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 577\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 578\u003c\/p\u003e \u003cp\u003e\u003cb\u003e22 Evaluation of Investment Performance 579\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Framework for Evaluating and Assessing Portfolio Performance 580\u003c\/p\u003e \u003cp\u003ePerformance Measurement Issues 580\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 586\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Measures of Performance 588\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 589\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 595\u003c\/p\u003e \u003cp\u003eMeasures of Downside Risk 596\u003c\/p\u003e \u003cp\u003eStyle Analysis and Performance Attribution 598\u003c\/p\u003e \u003cp\u003eMoney Managers and Performance Presentations 600\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 601\u003c\/p\u003e \u003cp\u003eAn Overview on Performance Evaluation 601\u003c\/p\u003e \u003cp\u003eSummary 602\u003c\/p\u003e \u003cp\u003eQuestions 603\u003c\/p\u003e \u003cp\u003eProblems 604\u003c\/p\u003e \u003cp\u003eComputational Problems 605\u003c\/p\u003e \u003cp\u003eSpreadsheet Exercises 606\u003c\/p\u003e \u003cp\u003eChecking Your Understanding 607\u003c\/p\u003e \u003cp\u003eGlossary G-1\u003c\/p\u003e \u003cp\u003eIndex I-1\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866408464727,"sku":"9781119667506","price":51.29,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119667506.jpg?v=1722278504","url":"https:\/\/bookcurl.com\/products\/investments-9781119667506","provider":"Book Curl","version":"1.0","type":"link"}