Description: I. INTRODUCTION. 1. Introduction. II. THE INVESTMENT ENVIRONMENT. 2. Buying and Selling Securities. 3. Security Markets. 4. Efficient Markets, Investment Value, and Market Price. 5. Taxes. 6. Inflation. III. MODERN INVESTMENT THEORY. 7. The Portfolio Selection Problem. 8. Portfolio Analysis. 9. Riskfree Lending and Borrowing. 10. The Capital Asset Pricing Model. 11. Factor Models. 12. Arbitrage Pricing Theory. IV. COMMON STOCKS. 13. Characteristics of Common Stocks. 14. Financial Analysis of Common Stocks. 15. Dividend Discount Models. 16. Dividends and Earnings. 17. Investment Management. 18. Portfolio Performance Evaluation. V. FIXED-INCOME SECURITIES. 19. Types of Fixed-Income Securities. 20. Fundamentals of Bond Valuation. 21. Bond Analysis. 22. Bond Portfolio Management. VI. OTHER INVESTMENTS. 23. Investment Companies. 24. Options. 25. Futures. 26. International Investing. Glossary. References. Selected Solutions to End-of-Chapter Questions and Problems. Index.

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