Introduction to investments:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Mason, Ohio] [u.a.]
South-Western
2011
|
| Edition: | 10. ed., internat. ed |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Bis zur 9. Aufl. u.d.T.: Mayo, Herbert B.: Investments |
| Physical Description: | XVI, 745 S. Ill., graph. Darst. |
| ISBN: | 9780538470285 0538470283 |
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MARC
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Record in the Search Index
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| adam_text | Titel: Introduction to investments
Autor: Mayo, Herbert B
Jahr: 2011
L/OHu6nxs
Preface xi
Part 1 Financial Concepts and the Process of Investing 1
Chapter 1 Investments: An Introduction 3
Portfolio Construction and Planning 3
Preliminary Definitions 5
Diversification and Asset Allocation 8
Efficient and Competitive Markets 8
Portfolio Assessment 10
The Internet 11
The Author s Perspective and Investment
Philosophy 12
The Plan and Purpose of This Text 13
Chapter 2 Securities Markets 17
Secondary Markets and the Role of Market Makers 18
The Mechanics of Investing in Securities 21
The Short Sale 32
Foreign Securities 36
Regulation 37
Securities Investor Protection Corporation 43
Initial Public Offerings 44
Chapter 3 Time Value of Money 59
The Future Value of $1 60
The Present Value of $1 63
The Future Sum of an Annuity 65
The Present Value of an Annuity 68
Illustrations of Compounding and Discounting 71
Equations for the Interest Factors 76
Nonannual Compounding 77
Uneven Cash Flows 79
Appendix 3: Using Excel to Solve Time Value
Problems 87
Chapter 4 Taxation, Planning, and Financial Markets 93
The Process of Financial Planning 94
Asset Allocation 98
Taxation 99
Pension Plans 102
The Efficient Market Hypothesis 107
Appendix 4: The Deductible versus the Nondeductible IRA 122
Chapter 5 Portfolio Management 126
Return 127
Sources of Risk 130
Total (Portfolio) Risk 134
The Measurement of Risk 136
Risk Reduction Through Diversification: An Illustration 145
Portfolio Theory 148
The Capital Asset Pricing Model 152
Beta Coefficients 153
Arbitrage Pricing Theory 162
Appendix 5: Statistical Tools 174
Part 2 Investment Companies 187
Chapter 6 Mutual Funds 189
Investment Companies: Origins and Terminology 189
Mutual Funds 191
The Portfolios of Mutual Funds 193
Money Market Mutual Funds 197
Selecting Mutual Funds 200
Taxation 207
Redeeming Mutual Fund Shares 213
Measures of Risk-Adjusted Performance 214
Chapter 7 Exchange-Traded Funds,
Closed-end Investment Companies,
and Real Estate Investment Trusts 227
Closed-end Investment Companies 228
Real Estate Investment Trusts (REITs) 232
Exchange-Traded Funds (ETFs) 236
Hedge Funds and Private Equity Firms 240
Investment Companies and Foreign Investments 243
Part 3 Common Stock 255
Chapter 8 Stock 257
The Corporate Form of Business and the Rights of Common
Stockholders 258
Cash Dividends 261
Stock Dividends 267
The Stock Split 269
Stock Repurchases and Liquidations 271
Preferred Stock 273
Analysis of Financial Statements 274
Liquidity Ratios 277
Activity Ratios 279
Profitability Ratios 283
Leverage (Capitalization) Ratios 285
Coverage Ratios 287
Analysis of Financial Statements, Securities Selection, and the Internet 288
Analysis of Cash Flow 290
Chapter 9 Valuation 303
The Investor s Expected Return 304
Valuation as the Present Value of Dividends
and the Growth of Dividends 305
The Investor s Required Return and Stock Valuation 310
Alternative Valuation Techniques: Multiplier Models 312
Valuation and the Efficient Market Hypothesis 323
Appendix 9: Testing the Efficient Market Hypothesis: The Event Study 336
Chapter 10 Returns and Stock Markets 341
Measures of Stock Performance: Averages and Indexes 342
The Dow Jones Industrial Average 345
Other Indexes of Aggregate Stock Prices 349
Rates of Return on Investments in Common Stock 356
Studies of Investment Returns 360
Reducing the Impact of Price Fluctuations: Averaging 364
Chapter 11 The Macroeconomic Environment 374
The Logical Progression of Securities Analysis 375
The Economic Environment 375
Measures of Economic Activity 376
The Consumer Price Index 380
The Federal Reserve 381
Fiscal Policy 389
The 2009 Economic Environment 391
Chapter 12 Behavioral Finance 395
Behavioral Finance 395
Technical Analysis 401
Market Indicators 402
Specific Stock Indicators 404
Technical Analysis in an Efficient Market Context 411
The Dogs of the Dow 414
Part 4 Fixed-Income Securities 417
Chapter 13 Bonds 419
General Features of Bonds 420
Risk 425
The Mechanics of Purchasing Bonds 429
Variety of Corporate Bonds 431
High-Yield Securities 436
Accrued Interest, Zero Coupon Bonds, Original-Issue Discount Bonds,
and Income Taxation 441
Retiring Debt 442
Appendix 13: The Term Structure of Interest Rates 451
Chapter 14 Fixed-Income Securities 453
Perpetual Securities 454
Bonds with Maturity Dates 456
Fluctuations in Bond Prices 460
The Valuation of Preferred Stock 462
Yields 463
Risk and Fluctuations in Yields 468
Realized Returns and the Reinvestment Assumption 470
Duration 474
Bond Price Convexity and Duration 479
Management of Bond Portfolios 481
Appendix 14A: Bond Discounts/Premiums and Duration
Compared 497
Appendix 14B: Using the Structure of Yields to Price a Bond 501
Chapter 15 Government Securities 503
The Variety of Federal Government Debt 504
Federal Agencies Debt 513
State and Local Government Debt 521
Authority Bonds and Build America Bonds 528
Foreign Government Debt Securities 530
Government Securities and Investment Companies 532
Appendix 15: Using Yield Curves 542
Yield Curves and Active Bond Strategies 542
Riding the Yield Curve to Enhance Short-Term Yields 545
Chapter 16 Convertible Preferred Stocks and Bonds 549
Features of Convertible Bonds 549
The Valuation of Convertible Bonds 551
Premiums Paid for Convertible Debt 556
Convertible Preferred Stock 560
Selecting Convertibles 563
The History of Selected Convertible Bonds 565
Calling Convertibles 567
Contingent Convertible Bonds 568
Put Bonds 568
Bonds with Put and Call Features Compared 570
Investment Companies and Convertible Securities 571
Part5 Derivatives 581
Chapter 17 Options 583
Call Options 584
Leverage 587
Writing Calls 591
Puts 596
Price Performance of Puts and Calls 604
The Chicago Board Options Exchange 606
Stock Index Options 607
Currency and Interest Rate Options 609
Warrants 610
Chapter 18 Option Valuation 620
Black-Scholes Option Valuation 620
Expensing Employee Stock Options and Option Valuation 629
Put-Call Parity 630
The Hedge Ratio 633
Additional Option Strategies 637
Buying the Call and a Treasury Bill versus Buying the
Stock-An Alternative to the Protective Put 648
Appendix 18: Binomial Option Pricing 659
Chapter 19 Financial Futures 663
The Mechanics of Investing in Futures 664
Leverage 669
Hedging 673
The Selection of Commodity Futures Contracts 675
The Pricing of Futures 676
Financial Futures and Currency Futures 679
Futures for Debt Instruments 687
Currency Futures 687
Swaps 690
Part 6 Overview 701
Chapter 20 Planning 703
Portfolio Construction and Financial Planning 703
The Importance of Risk 705
The Importance of Market Efficiency 705
Appendix A 713
Appendix B 718
Glossary 727
Index 735
|
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| spelling | Mayo, Herbert B. Verfasser (DE-588)170431703 aut Introduction to investments Herbert B. Mayo 10. ed., internat. ed [Mason, Ohio] [u.a.] South-Western 2011 XVI, 745 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Bis zur 9. Aufl. u.d.T.: Mayo, Herbert B.: Investments Kapitalanlage (DE-588)4073213-7 gnd rswk-swf Kapitalanlage (DE-588)4073213-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025112710&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mayo, Herbert B. Introduction to investments Kapitalanlage (DE-588)4073213-7 gnd |
| subject_GND | (DE-588)4073213-7 |
| title | Introduction to investments |
| title_auth | Introduction to investments |
| title_exact_search | Introduction to investments |
| title_full | Introduction to investments Herbert B. Mayo |
| title_fullStr | Introduction to investments Herbert B. Mayo |
| title_full_unstemmed | Introduction to investments Herbert B. Mayo |
| title_short | Introduction to investments |
| title_sort | introduction to investments |
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