Security Analysis, Portfolio Management, And Financial Derivatives

Cheng Few Lee · Joseph Finnerty · John C Lee · Alice C Lee · Donald Wort

Oct 2012 · World Scientific Publishing Company

About this ebook

Security Analysis, Portfolio Management, and Financial Derivatives integrates the many topics of modern investment analysis. It provides a balanced presentation of theories, institutions, markets, academic research, and practical applications, and presents both basic concepts and advanced principles. Topic coverage is especially broad: in analyzing securities, the authors look at stocks and bonds, options, futures, foreign exchange, and international securities. The discussion of financial derivatives includes detailed analyses of options, futures, option pricing models, and hedging strategies. A unique chapter on market indices teaches students the basics of index information, calculation, and usage and illustrates the important roles that these indices play in model formation, performance evaluation, investment strategy, and hedging techniques. Complete sections on program trading, portfolio insurance, duration and bond immunization, performance measurements, and the timing of stock selection provide real-world applications of investment theory. In addition, special topics, including equity risk premia, simultaneous-equation approach for security valuation, and Itô's calculus, are also included for advanced students and researchers.

Ratings and reviews

AAA

About the author

Cheng-Few Lee (Rutgers University, USA);Joseph Finnerty (University of Illinois, Urbana-Champaign, USA);John Lee (Center for PBBEF Research, USA);Alice C Lee (State Street Corp., USA);Donald Wort (California State University, East Bay, USA)