Table of Content

1. Introduction to Securities.
2. Markets for Securities and Taxes.
3. Risk and Return.
4. Economic Analysis.
5. Industry Analysis.
6. Company Analysis: Measuring Earnings.
7. Company Analysis: Forecasting Earnings.
8. Company Analysis: Applied Valuation.
9. Bond Analysis; Returns and Systematic Risk.
10. Bond Analysis: Unsystematic Risk.
11. Bond Management Strategies.
12. Options.
13. Rights, Warrants and Convertibles.
14. Futures.
15. Technical Analysis.
16. Efficient—Market Theory
17. Portfolio Analysis.
18. Portfolio Selection.
19. Capital Market Theory.
20. Managed Portfolios and Performance Measurements.

Salient Features

• A comprehensive, continuing illustration of a real company and real portfolio, McDonald's Corporation, demonstrate the application of the techniques of security analysis and portfolio management throughout the text.
• Expanded integration of international investing materials into chapters on equities, bonds, and derivatives.
• Revised and expanded cases placed throughout the text integrate two-to-three chapters and can be assigned to help students deal with real world situations.
• Updated information on the latest developments in taxation and accounting that are relevant to securities analysis and investing.
• Expanded materials on derivatives to include newer option forms and discussion of the general subject of financial engineering.