Previous edition: 2010.

Includes bibliographical references (pages 736-741) and index.

Pt. I. Elements of investments -- 1. Investments: background and issues -- 2. Asset classes and financial instruments -- 3. Securities markets -- 4. Mutual funds and other investment companies -- Pt. II. Portfolio theory -- 5. Risk and return: past and prologue -- 6. Efficient diversification -- 7. Capital asset pricing and arbitrage pricing theory -- 8. The efficient market hypothesis -- 9. Behavioral finance and technical analysis -- Pt. III. Debt securities -- 10. Bond prices and yields -- 11. Managing bond portfolios -- Pt. IV. Security analysis -- 12. Macroeconomic and industry analysis -- 13. Equity valuation -- 14. Financial statement analysis -- Pt. V. Derivative markets. 15. Options markets -- 16. Option valuation -- 17. Futures markets and risk management -- Pt. VI. Active investment management -- 18. Portfolio performance evaluation -- 19. Globalization and international investing -- 20. Hedge funds -- 21. Taxes, inflation, and investment strategy -- 22. Investors and the investment process.

The market leading undergraduate investments textbook, Essentials of Investments, 9e by Bodie, Kane, and Marcus, emphasizes asset allocation while presenting the practical applications of investment theory. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace.

Textbook BANK 3004 2015