Zvi Bodie,
Boston University Alex Kane,
University of California Alan J Marcus,
Boston College
ISBN: 0073530611 Copyright year: 2008
Feature Summary
The authors continue to present material in a framework that is organized by a central core of consistent fundamental principles. As such, they have stripped away unnecessary mathematical and technical detail to concentrate on providing the intuition to guide students and practitioners in their professional lives.
Devotes considerable attention to Modern Portfolio Theory , which focuses on the techniques and implications of efficient diversification for the proper measurement of risk and the risk-return relationship.
Provides complete coverage of futures, options and other derivative security markets . These markets have become crucial and integral to the financial universe and are the major sources of innovation in that universe. Understanding these markets is extremely important to finance professionals as well as to the sophisticated individual investor.
Further extended the systematic collection of Excel spreadsheets with Excel Application boxes and exhibits set in Excel which give students tools to explore concepts more deeply. These spreadsheets are available on the book's web site at www.mhhe.com/bkm and provide a taste of the sophisticated analytic tools available to professional investors.
To link theory with practice, the authors approach is consistent with that of the CFA Institute. End of chapter problem sets contain questions from past CFA exams (identified with an icon), and Appendix A lists each CFA question in the text and the exam from which it was taken. Also, Chapter 3 includes excerpts from the "Code of Ethics and Standards of Professional Conduct" of the CFA Institute. Chapter 26 , which discusses investors and the investment process, is modeled after the CFA Institutes framework.
End of chapter questions that require the use of Standard & Poor's Educational Version of Market Insight . Access to this online resource is free with each new copy of the book. The site contains quantitative and qualitative data on over 1000 top companies; it is powered by S&P's renowned COMPUSTAT® database.
E-Investments boxes appear in every chapter. These exercises provide students with a structured set of steps to investigate financial data on the Internet. Easy-to-follow instructions and questions are presented so students can use what they've learned.
Words from the Street boxed readings contain short articles from business periodicals that enliven, reinforce and apply the material within the context of the real-world.
Provides plentiful Internet content and information , with Internet questions in every chapter, end of chapter website listings, free online access to S&P's Educational Version of Market Insight (new books only), and a dynamic Online Learning Center at www.mhhe.com/bkm .
Includes pedagogical features to help students understand, absorb and apply the concepts and techniques presented. These features include a chapter opening vignette , numbered examples , key terms presented in boldface type with a listing at the end of each chapter and a glossary, as well as a chapter summary and list of selected readings . Concept Checks are included in the body of the text, which are self-test questions and problems to reinforce and check the understanding of key concepts (solutions to concept checks are found at the end of each chapter).
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2008 McGraw-Hill Higher Education