Fundamentals of Investments Information Center: What's New


		Sample Chapter Table of Contents Book Preface About the Authors Supplements What's New Feature Summary


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Fundamentals of Investments: Valuation and Management, 5/e

Bradford D. Jordan, University of Kentucky
Thomas W. Miller, Jr., Saint Louis University

What's New

Learning objectives now appear at the beginning of each chapter, and chapter summaries have been rewritten to reflect the learning objectives of the chapter. The Learning Objectives are also tied to the end of chapter questions and problems.
New Content Changes:

A greatly expanded section on investment fraud and the Security Investors Protection Corporation (SIPC) is included in Chapter 2. In addition, a new section has been added to show students one way to form an investment portfolio.
A new section on the advantages and drawbacks of mutual fund investing in Chapter 4 as well asa greatly expanded section on Exchange-Traded Funds, which includes Exchange-Traded Notes (ETNs).
A greatly expanded section on private equity versus selling securities to the public. In addition, there is new material on the current structure of the NYSE and the NASDAQ in Chapter 5.
New material on an event study using actual events surrounding Advanced MedicalOptics is included in Chapter 7.
An expanded discussion of the options clearing corporation (OCC) is featured in Chapter 15. Additionally, the chapter has been extensively reorganized so that it naturally culminates in the put-call parity condition.
Extensive revisions to Chapter 16, including new sections on a simple way to value options, the one-period binomial option pricing model, the two-period option pricing model, the binomial option pricing model with many periods, and the Black-Scholes model. This chapter also contains new material on Employee Stock Options (EPOs) and their valuation using a modified Black-Scholes-Merton model.

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