Fundamentals of Investments

Preface xxvii About the Authors xxxi PART I: INTRODUCTION 1(16) Introduction 1(16) PART II: THE INVESTMENT ENVIRONMENT 17(102) Buying and Selling Securities 17(18) Security Markets 35(32) Efficient Markets, Investment Value, and Market Price 67(19) Taxes 86(18) Inflation 104(15) PART III: MODERN INVESTMENT THEORY 119(122) The Portfolio Selection Problem 119(28) Portfolio Analysis 147(22) Riskfree Lending and Borrowing 169(21) The Capital Asset Pricing Model 190(18) Factor Models 208(20) Arbitrage Pricing Theory 228(13) PART IV: COMMON STOCKS 241(210) Characteristics of Common Stocks 241(41) Financial Analysis of Common Stocks 282(47) Dividend Discount Models 329(29) Dividends and Earnings 358(32) Investment Management 390(25) Portfolio Performance Evaluation 415(36) PART V: FIXED-INCOME SECURITIES 451(122) Types of Fixed-Income Securities 451(39) Fundamentals of Bond Valuation 490(24) Bond Analysis 514(23) Bond Portfolio Management 537(36) PART VI: OTHER INVESTMENTS 573(120) Investment Companies 573(32) Options 605(36) Futures 641(31) International Investing 672(21) Glossary 693(22) References 715(44) Selected Solutions to End-Of-Chapter Questions and Problems 759(4) Index 763