Description
Pearson Fundamentals of Investments United States Edition 1993 Edition by Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
This introductory text provides a clear framework for understanding and analyzing securities. It also covers the major institutional features and theories of investing in the current economy. This edition has a more international perspective, reflecting the authors' belief that the field of investment is destined to become more global than it currently is. The book, primarily intended for undergraduate readers, focuses on the investment environment and the investment process, while discussing stocks, bonds and other securities. It examines the theories of Markowitz, Sharpe, Linter, Mossin, Black, Scholes and Ross. There are also point-by-point chapter summaries. Table of contents :- Part 1 The investment environment: buying and selling securities; security models; the determination of security prices; taxes; inflation. Part 2 Modern portfolio theory: the portfolio selection problem; efficient sets; risk-free lending and borrowing; the capital asset pricing model; factor models; arbitrage pricing theory. Part 3 Common stocks: characteristics of common stocks; financial analysis of common stocks dividend discount models; dividends and earnings; investment management; portfolio performance evaluation. Part 4 Fixed-income securities: types of fixed-income securities; fundamentals of bond valuation; bond analysis; bond portfolio management. Part 5 Alternative investments: investment companies; options; futures extended diversification.