| Description |
xxiv, 678 pages : color illustrations ; 26 cm |
| Contents |
The Investment Environment -- The Investment Process -- Globalization -- The Investment Environment -- Buying and Selling Securities -- Order Size -- Time Limit -- Types of Orders -- Margin Accounts -- Security Markets -- Call and Continuous Markets -- Major Markets in the United States -- Stock Quotations -- Information-Motivated and Liquidity-Motivated Traders -- Central Market -- Clearing Procedures -- Insurance -- Commissions -- Transaction Costs -- Regulation of Security Markets -- Efficient Markets, Investment Value, and Market Price -- Demand and Supply Schedules -- Market Efficiency -- Testing for Market Efficiency -- Market Efficiency Test Results -- Taxes -- Corporate Income Taxes -- Personal Income Taxes -- Before-Tax Investing -- Inflation -- Measuring Inflation -- Price Indices -- Nominal and Real Returns -- Interest Rates and Inflation -- The Effect of Inflation on Borrowers and Lenders -- Indexation -- Stock Returns and Inflation -- Modern Investment Theory -- The Portfolio Selection Problem -- Initial and Terminal Wealth -- Nonsatiation and Risk Aversion -- Utility -- Indifference Curves -- Calculating Expected Returns and Standard Deviations for Portfolios -- Characteristics of Probability Distributions -- Risk-Neutral and Risk-Seeking Investors -- Portfolio Analysis -- The Efficient Set Theorem -- Concavity of the Efficient Set -- The Market Model -- Diversification -- Riskfree Lending and Borrowing -- Defining the Riskfree Asset -- Allowing for Riskfree Lending -- Allowing for Riskfree Borrowing |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Investments.
|
| Author |
Sharpe, William F.
|
| LC no. |
88025870 |
| ISBN |
0133401677 |
|
