Investments - Softcover

Bodie, Zvi

Softcover

ISBN 10: 0071123059 ISBN 13: 9780071123051

Publisher: McGraw-Hill Inc.,US, 2002

Synopsis

Bodie/Kane/Marcus is the leading textbook in the graduate investments market. It is recognized as the best blend of practical and theoretical coverage, while maintaining an appropriate rigor and clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation, and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts.
Feature : New Excel applications are included. This feature begins with an example presented in the chapter, then briefly discusses how a spreadsheet can be valuable for investigating the topic, shows a sample spreadsheet, and then asks questions that can be answered using that spreadsheet.Feature : Chapter 9 includes a large new section on the Capital Asset Pricing Model. There is also more information on liquidity and asset returns. This new information keeps the book current, and provides instructors and students with the latest information for this dynamic course.
Feature : There is much more Internet material throughout the text, including chapter related weblinks, activities, and exercises for the students. Chapter 26 (The Process of Portfolio Management) has new additional information on Internet assisted portfolio trading. The endsheets will cite web assets in the book.
Feature : International content and examples have been expanded to expose students to this important aspect of business.
Feature : Chapter 3 (How Securities are Traded), includes a great deal of new information to keep the book as cutting edge as possible, with coverage of "e-trading" (also addressed in chapters 4 and 17).
Feature : Chapter 12 includes new content on Behavioral Finance, which is an important "hot" topic in which faculty are very interested.
Feature : Devotes considerable attention to Modern Portfolio Theory, which focuses on the techniques and implications of efficient diversification for the proper measurement of risk and the risk-return relationship.
Feature : Provides complete coverage of futures, options and other derivative security markets. These markets have become crucial and integral to the financial universe and are the major sources of innovation in that universe. Understanding these markets is extremely important to finance professionals as well as to the sophisticated individual investor.

About this title

Book Description:

This book is recognized as the best blend of practical and theoretical coverage, while maintaining an appropriate rigor and clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriatel given their risk and return attributes. The text places greater emphasis on asset allocation, and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment text.

About the Author:

Zvi Bodie is Professor of Finance and Economics at the Boston University School of Management. He is the director of Boston University’s Chartered Financial Analysts Examination Review Program and has served as consultant to many private and governmental organizations. Professor Bodie is a research associate of the National Bureau of Economic Research, where he was director of the NBER Project on Financial Aspects of the U.S. Pension System, and he is a member of the Pension Research Council of The Wharton School. He is widely published in leading professional journals, and his previous books include Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System.

Alex Kane is professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He was visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane’s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and the pricing of options. Professor Kane is the developer of the International Simulation Laboratory (ISL) for training and experimental research in executive decision making.

Alan Marcus is professor of finance in the Wallace E. Carroll School of Management at Boston College. He received his PHD in Economics from MIT in 1981. Professor Marcus recently has been a visiting professor at the Athens Laboratory of Business Administration and at MIT’s Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. He also established the Chartered Financial Analysts Review Program at Boston College. Professor Marcus has published widely in the fields of capital markets and portfolio management, with an emphasis on applications of futures and options pricing models. His consulting work has ranged from new product development to provision of expert testimony in utility rate proceedings. He also spend two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk, and he currently serves on the Advisory Council for the Currency Risk Management Alliance of State Street Bank and Windham Capital Management Boston.

About this edition

• Publisher: McGraw-Hill Inc.,US
• Publication date: 2002
• ISBN 10: 0071123059
• ISBN 13: 9780071123051
• Binding: Paperback
• Edition number: 5