Modern Investment Theory, 5/e
This text offers accurate and intuitive coverage of investments, with an emphasis on portfolio theory. It includes extensive discussion of capital asset pricing, arbitrage pricing, pricing of derivative securities, interest rates and bond management. Stock valuation, estimating future earnings and dividends and fixed income markets are examined. Calculus is useful, but not required, since it is used only in the appendixes to the main discussions in the chapters.
Features:
- The book differentiates itself in the following respects.
- First, the coverage of portfolio theory is complete and detailed, covering four chapters including a unique graphical explanation of the Markowitz procedure, as well as a new chapter on asset allocation using comprehensive simulations with real data.
- Second, extensive coverage is given to the issues related to capital asset pricing.
- The capital asset pricing model is covered in great detail. Emphasis is given to discriminating between the properties of the model that derive from economics and the properties that derive from definitional identities.
- The coverage of the arbitrage pricing theory is both complete and up-to-date.
- The issues involved in testing both CAPM and APT are also explored in detail. Indian cases have been added and data updation.
Table of Contents:
- Chapter 1 Introduction to Modern Investment Theory
- Chapter 2 Securities and Markets
- Chapter 3 Some Statistical Concepts
- Chapter 4 Combining Individual Securities into Portfolios
- Chapter 5 Finding the Efficient Set
- Chapter 6 Factor Models
- Chapter 7 Asset Allocation
- Chapter 8 The Capital Asset Pricing Model
- Chapter 9 Empirical Tests of the Capital Asset Pricing Model
- Chapter 10 The Arbitrage Pricing Theory
- Chapter 11 Measuring Portfolio Performance with Asset Pricing Models 27
- Chapter 12 Measuring Performance without Asset Pricing Models
- Chapter 13 The Level of Interest Rates
- Chapter 14 The Term Structure of Interest Rates
- Chapter 15 Bond Portfolio Management
- Chapter 16 Interest Immunization
- Chapter 17 European Option Pricing
- Chapter 18 American Option Pricing
- Chapter 19 Additional Issues in Option Pricing
- Chapter 20 Financial Forward and Futures Contracts
- Chapter 21 The Effect of Taxes on Investment Strategy and Securities Prices
- Chapter 22 Stock Valuation
- Chapter 23 Issues in Estimating Future Earnings and Dividends
- Chapter 24 Market Efficiency: The Concept
- Chapter 25 Market Efficiency: The Evidence
| Book | |
|---|---|
| Author | Haugen |
| Pages | 688 |
| Year | 2017 |
| ISBN | 9789332583207 |
| Publisher | Pearson |
| Language | English |
| Uncategorized | |
| Edition | 5/e |
| Weight | 1.2 kg |
| Dimensions | 20.3 x 25.4 x 4.7 cm |
| Binding | Paperback |