Investments

Designed for undergraduate and graduate courses in Investments, this book provides a solid theoretical framework around which to build practical knowledge of securities and securities markets. This book offers a balanced presentation of theory and practice as it explains to students the essentials of prominent investment concepts. Just as importantly, Investments illustrate how those concepts are applied by professional investors. This edition distills the growing complexity of the investment environment, enumerating and describing today's various securities and markets in a clear, concise manner, and integrating discussions of new investment management techniques.