Fundamentals of Investments

Fundamentals of Investments

Hardback Prentice Hall Finance Series

By (author) Gordon J. Alexander, By (author) William F. Sharpe, Revised by Jeffrey V. Bailey

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  • Publisher: Pearson Education (US)
  • Format: Hardback | 781 pages
  • Dimensions: 206mm x 254mm x 53mm | 1,633g
  • Publication date: 5 May 2000
  • Publication City/Country: Upper Saddle River
  • ISBN 10: 0132926172
  • ISBN 13: 9780132926171
  • Edition: 3
  • Edition statement: 3 Revised ed of US ed

Product description

Written for the introductory course in Investments.This introduction provides a clear framework for understanding and analyzing securities, and covers the major institutional features and theories of investing. While the text is meant to present a thorough discussion of investments, the authors keep the material practical, relevant, and make the text easy to comprehend.

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Author information

GORDON J. ALEXANDER is professor of finance at the University of Minnesota, having recently completed a two-year consultancy to the Office of Economic Analysis at the Securities and Exchange Commission that followed a two-year stint as an in-house senior research scholar. Alexander has published articles in Financial Management, Journal of Banking and Finance, Journal of Business, Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, and the Journal of Portfolio Management. He received his Ph.D. in finance, M.A. in mathematics, and M.B.A. from the University of Michigan, and his B.S. in business administration from the State University of New York at Buffalo.WILLIAM F. SHARPE is the STANCO 25 professor emeritus of finance at Stanford University, and chair of the board of Financial Engines, Incorporated, a firm that provides investment advice to individuals via the Internet. He has published articles in a number of professional journals, including Management Science, Journal of Business, Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Portfolio Management, and the Financial Analysts Journal. Sharpe is past president of the American Finance Association, and in 1990 he received the Nobel Prize in economic sciences. He received his Ph.D., M.A., and B.A. in economics from the University of California, Los Angeles.JEFFERY V. BAILEY is director of benefits finance at Target Corporation. Previously he was a principal at the pension fund-consulting firm of Richards & Tierney., Inc. Before that he was the assistant executive director of the Minnesota State Board of Investment. Bailey has published articles in the Financial Analysts Journal and the Journal of Portfolio Management. He has contributed articles to several practitioner handbooks and has co-authored a monograph published by the Research Foundation of the Institute of Chartered Financial Analysts. Bailey received his B.A. from Oakland University and his M.A. in economics and his M.B.A. in finance from the University of Minnesota. He is a Chartered Financial Analyst.

Back cover copy

Don't leave your financial future to chance. Take control of it now by taking advantage of a special offer from Prentice Hall Business Publishing and Financial Engines.With your purchase of "Fundamentals of Investments, Third Edition," you can enjoy a 25% discount on a subscription to the Financial Engines Investment Advisorsm ServiceThe impressive Financial Engines Investment Advisor Service will review your investments and give you specific recommendations on how to better invest your 401 (k).With the Investment Advisor, you'll be able to: Get a FORECAST of what your investments may be worth in the future.Receive specific, personalized 401(k) investment ADVICE to help you make better 401 (k) fund choices.MONITOR your investments to help you stay on track as the markets change.

Table of contents

I. INTRODUCTION. 1. Introduction. II. THE INVESTMENT ENVIRONMENT. 2. Buying and Selling Securities. 3. Security Markets. 4. Efficient Markets, Investment Value, and Market Price. 5. Taxes. 6. Inflation. III. MODERN INVESTMENT THEORY. 7. The Portfolio Selection Problem. 8. Portfolio Analysis. 9. Riskfree Lending and Borrowing. 10. The Capital Asset Pricing Model. 11. Factor Models. 12. Arbitrage Pricing Theory. IV. COMMON STOCKS. 13. Characteristics of Common Stocks. 14. Financial Analysis of Common Stocks. 15. Dividend Discount Models. 16. Dividends and Earnings. 17. Investment Management. 18. Portfolio Performance Evaluation. V. FIXED-INCOME SECURITIES. 19. Types of Fixed-Income Securities. 20. Fundamentals of Bond Valuation. 21. Bond Analysis. 22. Bond Portfolio Management. VI. OTHER INVESTMENTS. 23. Investment Companies. 24. Options. 25. Futures. 26. International Investing. Glossary. References. Selected Solutions to End-of-Chapter Questions and Problems. Index.