Summary |
The text is composed of seven sections that are fairly independent and may be studied in a variety of sequences. Because there is enough material in the book for a two-semester course, clearly a one-semester course will require the instructor to decide which parts to include.
Part One is introductory and contains important institutional material focusing on the financial environment.
Part Two and Three contain the core of modern portfolio theory.
Part Four is the first of three parts on security valuation.
Parts Five and Six deal with equity securities and derivative securities.
Part Seven considers several topics important for portfolio managers, including performance evaluation, international diversification, active management, and practical issues in the process of portfolio management. This part also contains a new chapter on hedge funds.
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