Essentials of Investments, 9th Edition

Essentials of Investments, 9th Global Edition, by Zvi Bodie, Alex Kane and Alan J. Marcus. We are pleased to present this Global Edition, which has been developed specifically to meet the needs of international Investment students. A market leader in the field, this text emphasizes asset allocation while presenting the practical applications of investment theory without unnecessary mathematical detail. The ninth edition includes new coverage on the roots and fallout from the recent financial crisis and provides increased content on the changes in market structure and trading technology. Enhancements to this new Global Edition include: new ‘On the market front’ boxes highlight important investment concepts in real world situations across the globe, to promote student thinking without taking a full case study approach. Topics include short-selling in Europe & Asia, credit default swaps and the debt crisis in Greece and include examples from Commerzbank, JP Morgan, Facebook, Coca-Cola, Santander, The European Energy Exchange, plus many more!; and revised worked examples illustrate problems using both real and fictional scenarios from across the world to help students develop their problem solving skills. Regional examples include Hutchinson Whampoa (Asia), The Emirates Group (The Middle East) and KLM Royal Dutch Airlines (The Netherlands). Includes: revised end-of chapter material includes brand new global questions and global internet exercises that feature currencies, companies and scenarios from Europe, Middle East, Africa and Asia to increase engagement for international students; and Global Edition of Connect Plus Finance, McGraw-Hill’s web-based assignment and assessment platform with eBook access, helps students learn faster, study more efficiently, and retain more knowledge. This Global Edition has been adapted to meet the needs of courses outside of the United States and does not align with the instructor and student resources available with the US edition.

Table of Contents

Part ONE ELEMENTS OF INVESTMENTS
Chapter 1 Investments: Background and Issues
Chapter 2 Asset Classes and Financial Instruments
Chapter 3 Securities Markets
Chapter 4 Mutual Funds and Other Investment Companies

Part TWO PORTFOLIO THEORY
Chapter 5 Risk and Return: Past and Prologue
Chapter 6 Efficient Diversification
Chapter 7 Capital Asset Pricing and Arbitrage Pricing Theory
Chapter 8 The Efficient Market Hypothesis
Chapter 9 equals the initial futures priceayK0R Behavioral Finance and Technical Analysis

Part THREE DEBT SECURITIES
Chapter 10 Bond Prices and Yields
Chapter 11 Managing Bond Portfolios

Part FOUR SECURITY ANALYSIS
Chapter 12 Macroeconomic and Industry Analysis
Chapter 13 Equity Valuation
Chapter 14 Financial Statement Analysis

Part FIVE DERIVATIVE MARKETS
Chapter 15 Options Markets
Chapter 16 Option Valuation
Chapter 17 Futures Markets and Risk Management

Part SIX ACTIVE INVESTMENT MANAGEMENT
Chapter 18 Portfolio Performance Evaluation
Chapter 19 Globalization and International Investing
Chapter 20 Hedge Funds
Chapter 21 Taxes, Inflation, and Investment Strategy
Chapter 22 Investors and the Investment Process