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Investments

Investments


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About the Book

Investments is a mainstream, mid-level text for the first undergraduate course. Reilly and Norton cover the major topics logically and concisely, providing a strong base for those who want to do advanced work in investment analysis and valuation. Consistently using real-world examples, the authors convey the importance of theory and its application to real world investing. Benefits: NEW! Revisions Throughout: Fewer chapters (from 22 to 20), major chapter revisions throughout, new data, new examples, new chapter order makes this edition exciting.NEW! Chapter 7: Security market indexes are relevant to individual and are having a growing role in portfolio performance. Updates on the changing composition and descriptions of new indexes are included.Chapter 9: Demonstration of CAPM using both domestic and global benchmarks illustrates the importance of "the benchmark error" problem.NEW! Chapter 10: In additional to updated material on efficient market hypothesis, new materail is included on behavioral finance, including material on how some findings are at odds with EMH.NEW! Chapter 11: Moved up to more easily incorporate and introduction to derivatives into the course and introduce straddles, strangles, and butterfly spreads.NEW! Chapter 13: A revision and condensation of two chapters from the previous edition.Chapter 14: Chapter on financial statements has an expanded discussion on alternative measures of cash flow and determining the value of capitalized leases and its impact on financial risk ratios.NEW! Chapter 16: Condensed, yet continuing emphasis on technical analysis and a more in-depth discussion of trading techniques used by technicians.NEW! Chapter 17: Includes recent research on equity styles and the need for tax-efficient investment strategies.NEW! Chapter 20: New ways of evaluating performance, including information ratios and M-squared or risk adjusted performance measures are included. New information on methods for benchmarking taxable portfolios is also included.WebApplications: Exercises in each chapter guide learning from the many investments-related resources on the internet.Spreadsheet Applications: Spreadsheet exercises in virtually all chapters allow better analyses of the topics discussed in the chapter.NEW! Chapter 1: Substantially revised and includes the importance of ethics, job opportunities, and professional designations.NEW! Chapter 2: Also substantially revised, it focuses on risk and return for both domestics and international investments and shows the importance of reinvesting cash flows.Chapter 3: Includes data to illustrate the case for global investing and effect on risk from diversifying globally.NEW! Chapter 4: Mutual funds have been moved up and incorporates recent research, expenses, taxes, and different types of funds.NEW! Chapter 5: Includes the latest research on the affect of asset allocation in overall portfolio performance.NEW! Chapter 6: A lot of new material on capital markets around the world, decimal pricing, growth of margin debt, exchange mergers, and more.


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Product Details
  • ISBN-13: 9780030339295
  • Publisher: Cengage Learning, Inc
  • Publisher Imprint: South-Western
  • Edition: 6 Rev ed
  • No of Pages: 640
  • Weight: 1565 gr
  • ISBN-10: 0030339294
  • Publisher Date: 23 Aug 2002
  • Binding: Hardback
  • Height: 234 mm
  • Spine Width: 38 mm
  • Width: 156 mm


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