Modern Investment Theory (5th Edition) (Contemporary American MBA Classic Textbook Series English Original Edition)

Author: Robert A. Haugen
Publisher:
Publication Date: 2002-01-18
Features: The book is divided into 6 parts and 25 chapters. It proposes correct and guiding investment concepts while emphasizing the theory of securities, including extensive discussions on capital asset pricing, arbitrage pricing, security trading prices, exchange rates, and the management of securities. It also analyzes stock valuation, the assessment of futures income and dividends, fixed-income markets, and other issues. Additionally, calculus is included, but only as an auxiliary topic to the main discussion. The main features of the book are: free online resources; a complete and detailed theory of securities (Chapters 4, 5, and 10); a revised and expanded glossary; and more computer-based problems added at the end of each chapter. As a unique feature, the author explains the theory of securities, elaborates on the capital asset pricing problem in greater detail, and dedicates four chapters to the theory of interest rates and bond management.
Applicability: Suitable for graduate students, intermediate undergraduate students, and MBA students taking introductory courses in investment and financial theory. It can also serve as a training textbook and reference for managers of various enterprises and companies.
Bestseller Status: The book has been adopted as a textbook by renowned universities such as the University of California, USA, and is popular worldwide.