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Author: Zvi Bodie - Alex Kane - Alan Marcus
ISBN 13: 9780073530703
ISBN 10: 73530700
Edition: 9
Publisher: McGraw-Hill/Irwin
Publication Date: 2010-09-17
Format: Hardcover
Pages: 1056
List Price: $69.09

New edition of a text that presents the basic principles of investing and also addresses many of the changes in the investment environment. The 27 chapters are organized around the idea that well-developed security markets are, for the most part, efficient. They also emphasize that higher expected returns come at the price of bearing greater risk, and present techniques for managing this risk such as diversification and asset allocation. Topics include modern portfolio theory and its implications for the equilibrium structure of expected rates of return on risky assets, security valuation, equity securities, and derivative assets. Annotation c. Book News, Inc., Portland, OR (booknews.com)