Includes index.

Contents: The Environment of investing -- An Introduction to investments -- Appendix 1: supply and demand -- The Creation of financial assets -- Security markets -- Sources of information -- The Time value of money -- The Tax environment -- Risk and portfolio management -- Appendix 7: statistical tools -- Investment companies -- Appendix 8: the taxation of mutual fund distributions -- Investing in common stock -- The Valuation of common stock -- The Return on common stock investments -- Dividends: past, present, and future -- Appendix 11: use of regression analysis to estimate growth rates -- Macroeconomic environment for investment decisions -- Security selection: analysis of financial statements -- Appendix 13: financial leverage and the return on equity -- Technical analysis -- Investing in fixed-incom securities -- The Bond market -- Appendix 15: the term structure of interest rate -- The Valuation of fixed-income securities -- Appendix 16A: bond discounts/premiums and duration compared -- Appendix 16B: using the yield to maturity to price a bond -- Government securities --Appendix 17: using yield curves -- Convertible bonds and convertible preferred stock -- Derivatives -- An Introduction to options -- Option valuation and strategies -- Appendix 20: binomial option pricing -- Commodity and financial futures -- Portfolio management -- Investing in foreign securities -- Investing in nonfinancial assets: collectibles, resources and real estate -- Portfolio planning and management -- Appendix A: mathematical tables -- Appendix B: answers to selected problems.