English | 2024 | PDF | 42 MB | 1073 Pages
Zvi Bodie, Alex Kane, Alan Marcus
ISBNs: 9781264412662, 978-1264412662, 9781266837227, 978-1266837227, 2022048517, 2022048518, 1264412665, 1266085963, 9781266085963, 978-1266085963
Investments set the standardas a
graduate (MBA) text intended primarily for courses in investment
analysis.The guiding principle has been to present the material in a
framework that isorganized by a central core of consistent fundamental
principles and will introducestudents to major issues currently of
concern to all investors. link theory to practice, the authorsmake their
approach consistent with that of the CFA Institute. Many features
ofthis text make it consistent with and relevant to the CFA curriculum.
The
common unifying theme is that securitymarkets are nearly efficient,
meaning that most securities are priced appropriately given their risk
and return attributes. Investments is alsoorganized around several
important themes: The central theme is the near informational-efficiency
of well-developed security markets and the general awareness that
competitive markets do not offer "free lunches" to participants. A
second theme is the risk–return trade-off. Also, this text places great
emphasis on asset allocation. Finally, this text offers a broad and deep
treatment of futures, options, and other derivative security markets.
