Book description
In today's economy, it's critical for investors to have a strong understanding of the strategies needed to make the best decisions. Jones arms them with the most uptodate information in the field while offering a proper balance between investment opportunities, techniques and analytics. He includes new discussions on the rapid rise and interest in exchangetraded funds, the new NYSEEuronext market, the merger of the NYSE and Amex, and more. Expanded coverage is also presented in behavioral finance and the bond markets. In addition, investors will benefit from the updated problems and questions that really make them think of the most effective moves before acting.
Table of contents
 Cover Page
 Title Page
 Copyright
 Brief Contents
 Contents
 Preface

Chapter 1: Understanding Investments
 An Overall Perspective on Investing
 Establishing a Framework for Investing
 A Perspective on Investing
 The Importance of Studying Investments
 Understanding the Investment Decision Process
 Checking Your Understanding
 Structuring the Decision Process
 Important Considerations in the Investment Decision Process for Today's Investors
 Checking Your Understanding
 Organizing the Text
 Summary
 Questions
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 2: Investment Alternatives
 Organizing Financial Assets
 Nonmarketable Financial Assets
 Money Market Securities
 Checking Your Understanding
 Capital Market Securities
 FixedIncome Securities
 Checking Your Understanding
 Equity Securities
 Checking Your Understanding
 Derivative Securities
 A Final Note
 Summary
 Questions
 Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 3: Indirect Investing
 Investing Indirectly
 What is an Investment Company?
 Three Major Types of Investment Companies
 Checking Your Understanding
 Types of Mutual Funds
 Checking Your Understanding
 The Net Asset Value Per Share
 The Details of Indirect Investing
 Checking Your Understanding
 Investment Company Performance
 Investing Internationally Through Investment Companies
 The Future of Indirect Investing
 Hedge Funds
 Summary
 Questions
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 4: Securities Markets and Market Indices
 The Importance of Financial Markets
 The Primary Markets
 Checking Your Understanding
 The Secondary Markets
 Checking Your Understanding
 Stock Market Indexes
 Checking Your Understanding
 Bond Markets
 Derivatives Markets
 The Globalization of Markets
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 5: How Securities are Traded
 Introduction
 Brokerage Transactions
 How Orders Work
 Checking Your Understanding
 Investor Protection in The Securities Markets
 Checking Your Understanding
 Margin
 Short Sales
 Checking Your Understanding
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 6: The Returns and Risks from Investing
 An Overview
 Return
 Measuring Returns
 A Global Perspective
 Checking Your Understanding
 Summary Statistics for Returns
 Checking Your Understanding
 Risk
 Measuring Risk
 Checking Your Understanding
 Realized Returns and Risks From Investing
 Compounding and Discounting
 Summary
 Questions
 Demonstration Problems
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 7: Portfolio Theory
 Dealing With Uncertainty
 Checking Your Understanding
 Introduction to Modern Portfolio Theory
 Portfolio Return and Risk
 Analyzing Portfolio Risk
 Checking Your Understanding
 The Components of Portfolio Risk
 Checking Your Understanding
 Calculating Portfolio Risk
 Checking Your Understanding
 Obtaining the Data
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 8: Portfolio Selection and Asset Allocation
 Building a Portfolio using Markowitz Principles
 The Global Perspective—International Diversification
 Some Important Conclusions about the Markowitz Model
 Checking Your Understanding
 Alternative Methods of Obtaining the Efficient Frontier
 Selecting Optimal Asset Classes—The Asset Allocation Decision
 Asset Allocation and the Individual Investor
 Checking Your Understanding
 The Impact of Diversification on Risk
 The Implications of Reducing Risk by Holding Portfolios
 Summary
 Questions
 Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 9: Capital Market Theory and Asset Pricing Models
 Capital Market Theory
 Checking Your Understanding
 The Equilibrium ReturnRisk Tradeoff
 Checking Your Understanding
 Checking Your Understanding
 Estimating the SML
 Tests of the CAPM
 Arbitrage Pricing Theory
 Checking Your Understanding
 Some Conclusions about Asset Pricing
 Summary
 Questions
 Demonstration Problems
 Problems
 Computational Problems
 Spreadsheet Problems
 Checking Your Understanding

Chapter 10: Common Stock Valuation
 Overview
 Discounted Cash Flow Models
 The Dividend Discount Model
 Checking Your Understanding
 Checking Your Understanding
 Other Discounted Cash Flow Approaches
 Checking Your Understanding
 The Earnings Multiplier Approach
 Relative Valuation Metrics
 Which Approach To Use?
 Bursting the Bubble on New Economy Stocks—A Lesson in Valuation
 Checking Your Understanding
 Some Final Thoughts on Valuation
 Summary
 Questions
 Demonstration Problems
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 11: Common Stocks: Analysis and Strategy
 A Global Perspective
 The Impact of the Overall Market on Stocks
 Building Stock Portfolios
 Checking Your Understanding
 The Passive Strategy
 Checking Your Understanding
 The Active Strategy
 Checking Your Understanding
 Rational Markets and Active Strategies
 A Simple Strategy—The Coffeehouse Portfolio
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 12: Market Efficiency
 Overview
 The Concept of an Efficient Market
 Checking Your Understanding
 How to Test for Market Efficiency
 Checking Your Understanding
 Market Anomalies
 Checking Your Understanding
 Behavioral Finance
 Checking Your Understanding
 Some Conclusions About Market Efficiency
 Summary
 Questions
 Problems
 Checking Your Understanding

Chapter 13: Economy/Market Analysis
 Introduction
 Taking a Global Perspective
 Assessing the Economy
 Checking Your Understanding
 The Stock Market and the Economy
 The Economy and Stock Market Booms
 Checking Your Understanding
 Understanding the Stock Market
 Checking Your Understanding
 Making Market Forecasts
 Checking Your Understanding
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding
 Chapter 14: Sector/Industry Analysis

Chapter 15: Company Analysis
 Fundamental Analysis
 The Accounting Aspects of Earnings
 Checking Your Understanding
 Checking Your Understanding
 Using the Financial Statements to Analyze a Company's ROE and EPS
 Checking Your Understanding
 Earnings Estimates
 The P/E Ratio
 Fundamental Security Analysis in Practice
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 16: Technical Analysis
 Introduction
 What is Technical Analysis?
 Checking Your Understanding
 Stock Price and Volume Techniques
 Checking Your Understanding
 Technical Indicators
 Testing Technical Analysis Strategies
 The Ebb and Flow of Technical Analysis
 Some Conclusions about Technical Analysis
 Summary
 Questions
 Computational Problems
 Checking Your Understanding
 Chapter 17: Bond Yields and Prices

Chapter 18: Bonds: Analysis and Strategy
 Why Buy Bonds?
 Important Considerations in Managing a Bond Portfolio
 Checking Your Understanding
 Bond Strategies and Techniques
 Passive Management Strategies
 Active Management Strategies
 Managing Price Volatility
 Checking Your Understanding
 Immunization
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 19: Options
 Why Have Derivative Securities?
 Introduction to Options
 Understanding Options
 Checking Your Understanding
 Checking Your Understanding
 Payoffs and Profits from Basic Option Positions
 Some Basic Options Strategies
 Checking Your Understanding
 Option Valuation
 Checking Your Understanding
 An Investor's Perspective on Puts and Calls
 StockIndex Options
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 20: Futures Contracts
 An Overview of Futures Markets
 The Structure of Futures Markets
 Checking Your Understanding
 The Mechanics of Trading
 Checking Your Understanding
 Using Futures Contracts
 Checking Your Understanding
 Financial Futures
 Single Stock Futures
 Summary
 Questions
 Problems
 Computational Problems
 Checking Your Understanding

Chapter 21: Managing Your Financial Assets
 A Perspective on Investing in Financial Assets
 Managing Your Financial Assets
 Checking Your Understanding
 Formulate an Appropriate Investment Strategy
 Investor Objectives
 Checking Your Understanding
 What Issues Do Investors Face in Their Financial Planning?
 Investor Expectations as a Part of Financial Planning
 Checking Your Understanding
 Implementing Investing Strategies
 Financial Planning on an Ongoing Basis
 Checking Your Understanding
 Rebalancing a Portfolio of Financial Assets
 Determining the Success of Your Financial Planning
 Minimize Costs and Effort, and Improve Performance, When Managing a Portfolio of Financial Assets
 Summary
 Questions
 Spreadsheet Exercises
 Checking Your Understanding

Chapter 22: Evaluation of Investment Performance
 A Framework for Evaluating and Assessing Portfolio Performance
 Performance Measurement Issues
 Checking Your Understanding
 Riskadjusted Measures of Performance
 Checking Your Understanding
 Checking Your Understanding
 Style Analysis and Performance Attribution
 Money Managers and Performance Presentations
 Checking Your Understanding
 An Overview on Performance Evaluation
 Summary
 Questions
 Problems
 Computational Problems
 Spreadsheet Problems
 Checking Your Understanding
 Glossary
 Index
Product information
 Title: Investments: Analysis and Management, 12th Edition
 Author(s):
 Release date: December 2012
 Publisher(s): Wiley
 ISBN: 9781118363294
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