Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

For undergraduate investment courses.

The core concepts and tools students need to make informed investment decisions

Fundamentals of Investing uses practical, hands-on applications and examples to introduce the topics and techniques used by both personal investors and money managers. The text focuses on both individual securities and portfolios, teaching students to consider the risk and return of different types of investments and how to use this knowledge to achieve financial goals. A consistent framework centered around learning objectives keeps readers focused in each chapter while a conversational tone makes the language, concepts, and strategies accessible to students. With new topics and features added to the 14th Edition, Global Edition, the text remains up-to-date and relevant, so students leave the course equipped to develop, implement, and monitor a successful investment program.

Pearson MyLab Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Reach every student by pairing this text with Pearson MyLab Finance

MyLabTM is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Features

Tools to reinforce student learning

· New and Updated - End-of-chapter problems give students experience in integrating, investigating, and analyzing key concepts presented in the chapter. Most have been revised to stay relevant to today’s students.

· End-of-section Concepts in Review questions allow students to test their understanding before they move on to the next section.

· End-of-chapter summaries integrate chapter content with online resources, helping students to better retain the material.

· CFA Questions and Problem Sets offer additional homework and learning opportunities for students.

· Updated - Excel@Investing provides students with online access to electronic copies of most Excel tables in the text that involve calculations. These allow students to better understand the calculations and see how changing key assumptions affect results.

· New - GeoGebra animations for select in-chapter figures and examples illustrate concepts. They also allow students to manipulate key model inputs in order to determine outputs in the MyLab, thereby reinforcing student learning.

Informative asides enhance the text’s narrative

· Updated - QR codes give students access to videos and other web content that elevates the topical coverage of each chapter.

· New - Investor Mistakes and New Watch Your Behavior boxes highlight investment lessons gleaned from behavioral finance professionals.

· New and Updated - Investor Facts keep students abreast of interesting statistics and unusual investment experiences.

· Updated - Famous Failures in Finance highlight lessons from the financial crisis, as well as “problem areas” in the investment world such as market crashes, ethical scandals, and the failure to act in the client’s best interest.

Hallmark features

· A Learning Goal System frames each chapter, providing students with an accessible layout and a clear roadmap through a tightly woven structure that links headers, end-of-chapter summaries, discussion questions, problems, and cases.

· A flexible chapter structure allows professors to easily integrate the text into their syllabi. Sections cover the investment environment, conceptual tools, popular investment vehicles, and more.

· A clear focus on the individual investor gives students the basic tools and techniques they need to develop, implement, and monitor a successful investment program.

· Updated - The use of real data has been expanded and updated in examples, tables, figures, and end-of-chapter problems, so students can make a real-world connection to the information.

· Updated - Coverage of timely topics take changes in the investment environment into account, such as recent financial crises and scandals that remind students that investing is just as much about risk as it is about returns.

MyLabTM Finance is not included. Students, if Pearson MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

· Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequi

New to this Edition

Tools to reinforce student learning

· End-of-chapter problems give students experience in integrating, investigating, and analyzing key concepts presented in the chapter. Most have been revised to stay relevant to today’s students.

· Excel@Investing provides students with online access to electronic copies of most Excel tables in the text that involve calculations. These allow students to better understand the calculations and see how changing key assumptions affect results.

· GeoGebra animations for select in-chapter figures and examples illustrate concepts. They also allow students to manipulate key model inputs in order to determine outputs in the MyLab, thereby reinforcing student learning.

Informative asides enhance the text’s narrative

· QR codes give students access to videos and other web content that elevates the topical coverage of each chapter.

· Investor Mistakes and New Watch Your Behavior boxes highlight investment lessons gleaned from behavioral finance professionals.

· Investor Facts keep students abreast of interesting statistics and unusual investment experiences.

· Famous Failures in Finance highlight lessons from the financial crisis, as well as “problem areas” in the investment world such as market crashes, ethical scandals, and the failure to act in the client’s best interest.

Hallmark features

· The use of real data has been expanded and updated in examples, tables, figures, and end-of-chapter problems, so students can make a real-world connection to the information.

· Coverage of timely topics take changes in the investment environment into account, such as recent financial crises and scandals that remind students that investing is just as much about risk as it is about returns.

Pearson MyLabTM Finance is not included. Students, if Pearson MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

· Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place and gives them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

· GeoGebra animations for select in-chapter figures and examples allow students to manipulate key model inputs in order to determine outputs, thereby reinforcing student learning.

Table of Contents

1. The Investment Environment

2. Securities Markets and Transactions

3. Investment Information and Securities Transactions

4. Return and Risk

  Appendix 4A. The Time Value of Money

5. Modern Portfolio Concepts

6. Common Stocks

7. Analyzing Common Stocks

8. Stock Valuation

9. Market Efficiency and Behavioral Finance

10. Fixed-Income Securities

11. Bond Valuation

12. Mutual Funds and Exchange-Traded Funds

13. Managing Your Own Portfolio

14. Options: Puts and Calls

15. Futures Markets and Securities

16. Investing in Preferred Stocks

17. Tax-Advantaged Investments

18. Real Estate and Other Tangible Investments