Investments Analysis and Management 14th Edition by Charles Jones, Gerald Jensen – Ebook PDF Instant Download/Delivery: 1119578124, 9781119578123
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ISBN 10: 1119578124
ISBN 13: 9781119578123
Author: Charles Jones, Gerald Jensen
The revised and updated fourteenth edition of Investments: Analysis and Management explains the essentials of investing and supports good investment decisions. More than a simple introduction to the subject, this comprehensive textbook prepares students to handle real-world investment problems and controversies in a clear and accessible manner. Emphasizing readability, Authors Charles Jones and Gerald Jensen minimize complex formulas and simplify difficult material–enabling students of all levels and backgrounds to follow the entire discussion and delve further into the subject.
Ideally suited for beginning courses in investments, this textbook is designed as a practical guide to help students gain foundational knowledge of investing and develop the analytic skills necessary for deciphering investment issues. Carefully organized chapters guide students through fundamental investing concepts, portfolio and capital market theory, common stock analysis and valuation, fixed-income and derivative securities, the specifics of security analysis and portfolio management, and more. A broad range of pedagogical tools–including bulleted summaries, numbered examples, spreadsheet exercises, computational problems, and an extensive set of chapter review questions–strengthens student comprehension and retention.
Investments Analysis and Management 14th Table of contents:
Part 1: Background
Chapter 1: Understanding Investments
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An Overall Perspective on Investing
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Establishing a Framework for Investing
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A Perspective on Investing
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The Importance of Studying Investments
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Understanding the Investment Decision Process
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Checking Your Understanding
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Structuring the Decision Process
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Important Considerations in the Investment Decision-Making Process
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Checking Your Understanding
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Organizing the Text
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Summary
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Questions
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 2: Investment Alternatives
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Organizing Financial Assets
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A Global Perspective
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Nonmarketable Financial Assets
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Money Market Securities
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Checking Your Understanding
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Capital Market Securities
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Fixed-Income Securities
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Checking Your Understanding
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Equity Securities
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Checking Your Understanding
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Derivative Securities
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A Final Note
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Summary
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Questions
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Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 3: Indirect Investing
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Investing Indirectly
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What Is an Investment Company?
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Three Major Types of Investment Companies
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Checking Your Understanding
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Types of Mutual Funds
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Checking Your Understanding
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The Net Asset Value per Share
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The Details of Indirect Investing
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Checking Your Understanding
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Investment Company Performance
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Investing Internationally through Investment Companies
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The Future of Indirect Investing
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Hedge Funds
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Summary
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Questions
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 4: Securities Markets and Market Indexes
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The Importance of Financial Markets
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The Primary Markets
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Checking Your Understanding
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The Secondary Markets
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Checking Your Understanding
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Stock Market Indexes
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Checking Your Understanding
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Bond Markets
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Derivatives Markets
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The Globalization of Markets
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 5: How Securities are Traded
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Introduction
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Brokerage Transactions
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How Orders Work
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Checking Your Understanding
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Investor Protection in the Securities Markets
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Checking Your Understanding
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Margin
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Short Sales
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Checking Your Understanding
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Part 2: Portfolio and Capital Market Theory
Chapter 6: The Risk and Return from Investing
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An Overview
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Return
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Measuring Returns
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A Global Perspective
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Checking Your Understanding
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Summary Statistics for Returns
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Checking Your Understanding
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Risk
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Measuring Risk
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Checking Your Understanding
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Realized Returns and Risks from Investing
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Compounding and Discounting
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Summary
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Questions
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Demonstration Problems
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 7: Portfolio Theory
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Dealing With Uncertainty
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Checking Your Understanding
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Introduction to Modern Portfolio Theory
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Portfolio Return and Risk
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Analyzing Portfolio Risk
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Checking Your Understanding
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The Components of Portfolio Risk
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Checking Your Understanding
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Calculating Portfolio Risk
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Checking Your Understanding
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Obtaining the Data
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 8: Portfolio Selection and Asset Allocation
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Building a Portfolio Using Markowitz Principles
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The Global Perspective—International Diversification
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Some Important Conclusions about the Markowitz Model
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Checking Your Understanding
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Selecting Optimal Asset Classes—The Asset Allocation Decision
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Asset Allocation and the Individual Investor
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Checking Your Understanding
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The Impact of Diversification on Risk
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The Implications of Reducing Risk by Holding Portfolios
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Summary
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Questions
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Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 9: Capital Market Theory and Asset Pricing Models
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Capital Market Theory
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Checking Your Understanding
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The Capital Market Line
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Checking Your Understanding
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Systematic Risk and Beta
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The Capital Asset Pricing Model (CAPM)
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Checking Your Understanding
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Arbitrage Pricing Theory
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Checking Your Understanding
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Other Prominent Factor Models
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Some Conclusions about Asset Pricing
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Summary
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Questions
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Demonstration Problems
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Part 3: Common Stocks: Analysis, Valuation, and Management
Chapter 10: Common Stock Valuation
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Overview
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Discounted Cash Flow Models
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The Dividend Discount Model
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Checking Your Understanding
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Growth Rate Cases for the DDM
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Checking Your Understanding
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Other Discounted Cash Flow Approaches
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Checking Your Understanding
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The Multiplier Approach
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Other Multipliers
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Relative Valuation Metrics
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Which Approach to Use?
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Bursting the Bubble on New Economy Stocks—A Lesson in Valuation
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Checking Your Understanding
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Some Final Thoughts on Valuation
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Summary
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Questions
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Demonstration Problems
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 11: Common Stocks: Analysis and Strategy
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A Global Perspective
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The Impact of the Overall Market on Stocks
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Building Stock Portfolios
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Checking Your Understanding
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The Passive Strategy
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Checking Your Understanding
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The Active Strategy
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Checking Your Understanding
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Rational Markets and Active Strategies
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A Simple Strategy: The Coffeehouse Portfolio
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 12: Market Efficiency
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Overview
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The Concept of an Efficient Market
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Checking Your Understanding
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How to Test for Market Efficiency
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Checking Your Understanding
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Market Anomalies
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Checking Your Understanding
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Behavioral Finance
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Checking Your Understanding
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Some Conclusions about Market Efficiency
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Summary
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Questions
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Problems
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Checking Your Understanding
Part 4: Security Analysis
Chapter 13: Economy/Market Analysis
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Introduction
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Taking a Global Perspective
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Assessing the Economy
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Checking Your Understanding
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The Stock Market and the Economy
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Checking Your Understanding
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Understanding the Stock Market
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Checking Your Understanding
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Making Market Forecasts
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Checking Your Understanding
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 14: Sector/Industry Analysis
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Introduction
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What Is an Industry?
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The Importance of Sector/Industry Analysis
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Checking Your Understanding
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Analyzing Sectors/Industries
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Checking Your Understanding
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Using Sector/Industry Analysis as an Investor
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Summary
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Questions
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Checking Your Understanding
Chapter 15: Company Analysis
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Fundamental Analysis
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The Accounting Aspects of Earnings
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Checking Your Understanding
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The Problems with EPS
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Checking Your Understanding
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Using the Financial Statements to Analyze FCF, ROE, and EPS
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Checking Your Understanding
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Earnings Estimates
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The Multiplier
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Fundamental Security Analysis in Practice
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 16: Technical Analysis
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Introduction
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What Is Technical Analysis?
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Checking Your Understanding
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Stock Price and Volume Techniques
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Checking Your Understanding
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Technical Indicators
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Testing Technical Analysis Strategies
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The Ebb and Flow of Technical Analysis
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Some Conclusions about Technical Analysis
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Summary
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Questions
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Computational Problems
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Checking Your Understanding
Part 5: Fixed-Income Securities: Analysis, Valuation, and Management
Chapter 17: Bond Yields and Prices
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Introduction
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Bond Yields and Interest Rates
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Measuring Bond Yields
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Checking Your Understanding
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Checking Your Understanding
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Bond Prices
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Bond Price Changes
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Checking Your Understanding
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 18: Bonds: Analysis and Strategy
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Why Buy Bonds?
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Important Considerations in Managing a Bond Portfolio
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Checking Your Understanding
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Bond Strategies and Techniques
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Passive Management Strategies
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Active Management Strategies
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Managing Price Volatility
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Checking Your Understanding
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Immunization
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Part 6: Derivative Securities
Chapter 19: Options
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Why Have Derivative Securities?
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Introduction to Options
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Understanding Options
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Checking Your Understanding
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Checking Your Understanding
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Payoffs and Profits from Basic Option Positions
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Some Basic Options Strategies
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Checking Your Understanding
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Option Valuation
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Checking Your Understanding
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An Investor’s Perspective on Puts and Calls
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Stock Index Options
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 20: Futures Contracts
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An Overview of Futures Markets
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The Structure of Futures Markets
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Checking Your Understanding
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The Mechanics of Trading
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Checking Your Understanding
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Using Futures Contracts
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Checking Your Understanding
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Financial Futures
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Single Stock Futures
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Summary
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Questions
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Problems
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Computational Problems
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Checking Your Understanding
Part 7: Investment Management
Chapter 21: Managing Your Financial Assets
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A Perspective on Investing in Financial Assets
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Managing Your Financial Assets
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Checking Your Understanding
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Formulate an Appropriate Investment Strategy
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Investor Objectives
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Checking Your Understanding
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What Issues Do Investors Face in Their Financial Planning?
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Investor Expectations as a Part of Financial Planning
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Checking Your Understanding
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Implementing Investing Strategies
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Basic Investment Management Strategies
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Financial Planning on an Ongoing Basis
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Checking Your Understanding
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Rebalancing a Portfolio of Financial Assets
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Determining the Success of Your Financial Planning
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Summary
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Questions
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Spreadsheet Exercises
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Checking Your Understanding
Chapter 22: Evaluation of Investment Performance
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A Framework for Evaluating and Assessing Portfolio Performance
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Performance Measurement Issues
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Checking Your Understanding
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Risk-Adjusted Measures of Performance
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Checking Your Understanding
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Checking Your Understanding
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Measures of Downside Risk
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Style Analysis and Performance Attribution
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Money Managers and Performance Presentations
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Checking Your Understanding
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An Overview on Performance Evaluation
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Summary
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Questions
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Problems
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Computational Problems
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Spreadsheet Exercises
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Checking Your Understanding
Glossary
Index
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