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Investments, 6/e

Investments
(order desk copy)

William F. Sharpe, Stanford University
Gordon J. Alexander, University of Minnesota
Jeffery V. Bailey, Dayton Hudson Corporation

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. The authors, including a Nobel Prize winner and a full-time practitioner, offer a balanced presentation of theory and practice as they explain to students the essentials of prominent investment concepts. Just as importantly, they illustrate how those concepts are applied by professional investors. The Sixth 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.

How important is it to you that your investments text be broad, balanced, and current?


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Features | Table of Contents | Supplements|



Features

  • Takes a fresh, stimulating approach to investments, continuing to offer students and instructors the most thorough survey of the investment environment available.
  • Provides a comprehensive treatment of prominent financial instruments, securities markets, and investment management techniques.
  • Presents an evenly balanced discussion of theory and practice.
  • Integrates numerous examples into the presentation of investment concepts to enhance students' grasp of the material.
  • Includes in each chapter bulleted summaries, key terms, over twenty questions and problems, and extensive annotated references.
  • Differences with Fundamentals of Investments 2/e: Both are comprehensive, covering all major aspects and theories of investing. However:
    • Investments is written primarily for students with stronger backgrounds in economics, statistics, and accounting; Fundamentals is less theoretical and less technical.
    • Fundamentals has less mathematical content.
    • Fundamentals is more modular; Investments has more integrated presentation.

NEW TO THIS EDITION

  • NEW - Features a new chapter on efficient markets, discussing the notion of market efficiency that underlies much of the current thinking about the world of investing.
  • NEW - Institutional Issues boxes that illustrate how concepts are applied in the "real world." These boxes profile issues that face large institutional investors, such as pension funds and mutual funds.
  • NEW - Adds to end-of-chapter problem sets and CFA examination questions to offer a better opportunity to learn the material and prepare for the CFA examinations.
  • NEW - Includes a statistical concepts appendix that explains certain basic statistical topics that are fundamental to understanding the world of investments.
  • NEW - Expands and improves coverage of financial analysis, now including a real-life corporate example.
  • NEW - Updates content to keep students abreast of the latest developments in investments, revising most tables and graphs and adding entirely new discussions to reflect current information and recent academic research.
  • NEW - Increases the number of annotated references for those students interested in further study of subjects presented in the text.


Features | Table of Contents | Supplements | Top


Table of Contents

  1. Introduction
  2. Buying and Selling Securities
  3. Security Markets
  4. Efficient Markets, Investment Value, and Market Price
  5. The Valuation of Riskless Securities
  6. The Portfolio Selection Problem
  7. Portfolio Analysis
  8. Riskfree Borrowing and Lending
  9. The Capital Asset Pricing Model
  10. Factor Models
  11. Arbitrage Pricing Theory
  12. Taxes and Inflation
  13. Fixed-Income Securities
  14. Bond Analysis
  15. Bond Portfolio Management
  16. Common Stocks
  17. The Valuation of Common Stocks
  18. Earnings
  19. Options
  20. Futures
  21. Investment Companies
  22. Financial Analysis
  23. Investment Management
  24. Portfolio Performance Evaluation
  25. International Investing
Glossary
Selected Solutions
Index


Features | Table of Contents | Supplements | Top


Supplements

  • Instructor's Manual with Solutions Manual (0-13-010482-5); (1048B-8)
    • Includes detailed solutions to all end-of-chapter problems.
    • Includes a set of course outlines to accommodate different teaching approaches and course emphases.
  • Excel Solutions
  • PowerPoints (0-13-010483-3); (1048C-6)
  • Test Item File (0-13-010484-1); (1048D-4)
    • Includes CFA questions.
  • Win PH Custom Test (0-13-010485-X); (1048E-1)


Features | Table of Contents | Supplements | Top


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