Explains the essentials of investing and develops the analytical skills necessary for evaluating investment issues
More than a simple introduction to the subject, Investments: Analysis and Management prepares students to tackle real-world investment problems and controversies using a systematic, highly practical approach. Emphasizing clarity and readability, authors Gerald Jensen and Tyler Jensen minimize complex formulas and simplify difficult material, enabling students of all levels and backgrounds to follow the entire discussion and further explore the subject.
Carefully organized chapters guide students through fundamental investing concepts, portfolio theory, common stock analysis and valuation, fixed-income and derivative securities, the essentials of security analysis and portfolio management, and more. A full complement of classroom-tested pedagogical tools, including bulleted summaries, numbered examples, spreadsheet exercises, computational problems, and chapter review questions, supports and strengthens student comprehension and retention of all material covered.
Fully revised and updated throughout, the fifteenth edition of Investments: Analysis and Management remains an ideal textbook for students with moderate business backgrounds taking an introductory investments course, business students working toward earning the CFA designation or an advanced degree in finance, and those wanting to learn about investments for their personal finances.
								
								
							
							
								
								
							
						
					 				
				 
			
			
			
		    
			    
				    
						Part 1 Background   1 Understanding Investments 1   2 Investment Alternatives 23   3 Indirect Investing 54   4 Securities Markets and Market Indexes 85   5 How Securities Are Traded 108   Part 2 Portfolio and Capital Market Theory   6 The Risk and Return from Investing 132   7 Portfolio Theory 161   8 Portfolio Selection and Asset Allocation 185   9 Capital Market Theory and Asset Pricing Models 210   Part 3 Common Stocks: Analysis, Valuation, and Management   10 Common Stock Valuation 240   11 Common Stocks: Analysis and Strategy 275   12 Market Efficiency 295   Part 4 Security Analysis   13 Economy/Market Analysis 325   14 Sector/Industry Analysis 348   15 Company Analysis 367   16 Technical Analysis 398   Part 5 Fixed-Income Securities: Analysis, Valuation, and Management   17 Bond Yields and Prices 419   18 Bonds: Analysis and Strategy 445   Part 6 Derivative Securities   19 Options 471   20 Futures Contracts 503    Part 7 Investment Management   21 Managing Your Financial Assets 527   22 Evaluating Investment Performance 547   Glossary G-1   Index I-1
				    
			    
		    
		    
			
				
					
					
						Dr. Gerald Jensen served for many years as a faculty member at Creighton University and Northern Illinois University (NIU). Dr. Jensen was a Board of Trustees Professor and held the Jones, Diedrich, Mennie Endowed Professorship at NIU. He is a Chartered Financial Analyst and was actively involved with the CFA Institute as a volunteer and a consultant. His research focuses on Federal Reserve policy and security returns. He has published more than 60 articles in journals such as Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Analysts Journal, and Journal of Portfolio Management.   Dr. Tyler Jensen is an Associate Professor of Finance at the Ivy College of Business, Iowa State University. He received his PhD from the University of Utah in 2014 and joined the faculty of Iowa State the same year. His research interests include cash holdings, asset pricing, funding conditions, and earnings forecasts. He has been published in the Journal of Financial and Quantitative Analysis, Accounting Review, Journal of Corporate Finance, and Journal of Banking and Finance.