1.Plentiful, high quality end-of-chapter material includes a chapter summary, key terms with page references, Problem Sets (split by level of difficulty), CFA Problems, Kaplan-Schweser problems, Excel problems with templates, Solutions to Concept Check questions, and Web Master Exercises. Appendix B lists each CFA question and the level and year of the CFA exam from which it was derived.
2.Numerous Excel Applications and Problems are included where appropriate. This feature starts with an example presented in the chapter, briefly discusses how a spreadsheet can be valuable for investigating the topic, shows a sample spreadsheet, asks students to apply the data to answer questions, and then directs students to the web to work with an interactive version of the spreadsheet. Select chapters also contain Excel problems and are denoted by an icon. Excel spreadsheets are found within Connect.
3.Numbered Equations are called out in the text and identified by equation numbers, and separate numbered and titled examples are integrated in the chapters. Using the worked-out solutions to these examples as models, students can learn how to solve specific problems in a step-by-step manner as well as gain insight into general principles by seeing how they are applied to answer questions.
PART I: ELEMENTS OF INVESTMENTSCh1 Investments: Background and IssuesCh2 Asset Classes and Financial InstrumentsCh3 Securities MarketsCh4 Mutual Funds and Other Investment Companies
PART II: PORTFOLIO THEORYCh5 Risk, Return, and the Historical RecordCh6 Efficient DiversificationCh7 Capital Asset Pricing and Arbitrage Pricing TheoryCh8 The Efficient Market HypothesisCh9 Behavioral Finance and Technical Analysis
PART III: DEBT SECURITIESCh10 Bond Prices and YieldsCh11 Managing Bond Portfolios
PART IV: SECURITY ANALYSISCh12 Macroeconomic and Industry AnalysisCh13 Equity ValuationCh14 Financial Statement Analysis
PART V: DERIVATIVE MARKETSCh15 Options MarketsCh16 Option ValuationCh17 Futures Markets and Risk Management
PART VI: ACTIVE INVESTMENT MANAGEMENTCh18 Evaluating Investment PerformanceCh19 International DiversificationCh20 Hedge FundsCh21 Taxes, Inflation, and Investment StrategyCh22 Investors and the Investment Process