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Modern Investment Theory

Modern Investment Theory

Author(s):
  • Robert A Haugen
    • Author: Robert A Haugen
    • ISBN:9789332583207
    • 10 Digit ISBN:933258320X
    • Price:Rs. 865.00
    • Pages:688
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available


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    This text offers accurate and intuitive coverage of investments, with an emphasis on portfolio theory. It includes extensive discussion of capital asset pricing, arbitrage pricing, pricing of derivative securities, interest rates, and bond management. Stock valuation, estimating future earnings and dividends, and fixed income markets are examined. Calculus is useful, but not required, since it is used only in the appendixes to the main discussions in the chapters.

     

    Table of Content

    "Chapter 1 Introduction to Modern Investment Theory
    Chapter 2 Securities and Markets
    Chapter 3 Some Statistical Concepts
    Chapter 4 Combining Individual Securities into Portfolios
    PART II: PORTFOLIO MANAGEMENT
    Chapter 5 Finding the Efficient Set
    Chapter 6 Factor Models
    Chapter 7 Asset Allocation
    PART III: ASSET PRICING THEORIES AND PERFORMANCE MEASUREMENT
    Chapter 8 The Capital Asset Pricing Model
    Chapter 9 Empirical Tests of the Capital Asset Pricing Model
    Chapter 10 The Arbitrage Pricing Theory
    Chapter 11 Measuring Portfolio Performance with Asset Pricing Models 27
    Chapter 12 Measuring Performance without Asset Pricing Models
    PART IV: INTEREST RATES AND BOND MANAGEMENT
    Chapter 13 The Level of Interest Rates
    Chapter 14 The Term Structure of Interest Rates
    Chapter 15 Bond Portfolio Management
    Chapter 16 Interest Immunization
    PART V: DERIVATIVE SECURITIES
    Chapter 17 European Option Pricing
    Chapter 18 American Option Pricing
    Chapter 19 Additional Issues in Option Pricing
    Chapter 20 Financial Forward and Futures Contracts
    PART VI: TAXES, STOCK VALUATION,
    AND MARKET EFFICIENCY
    Chapter 21 The Effect of Taxes on Investment Strategy and Securities Prices
    Chapter 22 Stock Valuation
    Chapter 23 Issues in Estimating Future Earnings and Dividends
    Chapter 24 Market Efficiency: The Concept
    Chapter 25 Market Efficiency: The Evidence "
     

    Salient Features

    "The book differentiates itself in the following respects. First, the coverage of portfolio
    theory is complete and detailed, covering four chapters including a unique graphical
    explanation of the Markowitz procedure, as well as a new chapter on asset
    allocation using comprehensive simulations with real data.
    Second, extensive coverage is given to the issues related to capital asset pricing.
    The capital asset pricing model is covered in great detail. Emphasis is given to discriminating between the properties of the model that derive from economics and the properties that derive from definitional identities. The coverage of the arbitrage pricing
    theory is both complete and up-to-date. The issues involved in testing both CAPM and
    APT are also explored in detail.
    Indian cases have been added and data updation."