Fundamentals of Investing, Global Edition (13e) : 9781292153988

Fundamentals of Investing, Global Edition (13e)

Smart & Gitman
 
Edition
 
13
ISBN
 
9781292153988
ISBN 10
 
1292153989
Published
 
05/07/2016
Published by
 
Pearson Higher Ed USA
Pages
 
772
Format
 
Available on demand
 
Title type
Book
$141.99
 
 
Title type
 
$60.00
 
 
Description

For undergraduate courses in Investments.

 

The Core Concepts and Tools Students Need to Make Informed Investment Decisions

Fundamentals of Investing helps students make informed investment decisions by providing a solid foundation of core concepts and tools. Smart/Gitman/Joehnk use practical, hands-on applications to introduce the topics and techniques used by both personal investors and money managers. The authors integrate a consistent framework based on learning goals to keep students focused in each chapter. Students leave the course with the necessary information for developing, implementing, and monitoring a successful investment program.

 

The 13th Edition uses a conversational tone to make the foreign language, concepts, and strategies of investing accessible to a student audience. With the help of examples throughout, students learn to make informed decisions in order to achieve investment goals. The book 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 develop, implement, and monitor goals.

 

Table of contents
  • Part I: Preparing to Invest   
  • 1. The Investment Environment
  • 2. Securities Markets and Transactions
  • 3. Investment Information and Securities Transactions
  • Part II: Important Conceptual Tools
  • 4. Return and Risk   
  • 5. The Time Value of Money
  • 6. Modern Portfolio Concepts   
  • Part III: Investing in Common Stocks
  • 7. Common Stocks
  • 8. Analyzing Common Stocks
  • 9. Stock Valuation
  • 10. Market Efficiency and Behavioral Finance
  • Part IV: Investing in Fixed-Income Securities
  • 11. Fixed-Income Securities
  • 12. Bond Valuation 
  • Part V: Portfolio Management
  • 13. Mutual Funds and Exchange-Traded Funds
  • 14. Managing Your Own Portfolio
  • Part VI: Derivative Securities
  • 15. Options: Puts and Calls
  • 16. Futures Markets and Securities
New to this edition

About the Book

 

Provides the Most Recent Material On the Topic

  • UPDATED! Lead Author Scott Smart received his PhD from Stanford University in 1991, and he has been a member of the finance faculty at Indiana University since then. He is currently Associate Chair of the MBA Program at Indiana University's Kelley School of Business. His scholarly articles have appeared in the Journal of Financial Economics, the Journal of FinanceFinancial Management, the Financial Review, the Journal of Accounting and Economics, and other scholarly journals. He has been recognized as an outstanding teacher by Business Week, and he has won more than a dozen teaching awards. Readers will see Scott’s imprint on every page.
  • UPDATED! Real-world data through 2015 has been added to the text, tables, and figures.
  • UPDATED! Expanded coverage of mutual funds, ETFs, and hedge funds in Chapter 1 has been added.
  • Coverage of the free-cash-flow-to-equity-stock valuation in Chapter 8 is new.
  • UPDATED! Coverage of behavioral finance throughout, particularly in Chapter 9, as well as new content on the role of arbitrage in moving financial markets toward efficiency is included.
  • Historical data on interest rates and bond returns in Chapter 10 highlights the link between changes in interest rates and total returns placed on bonds.
  • Coverage of formulating a personal investment policy statement has been added.  
  • Coverage of exchange-traded funds is included (Chapter 12).
  • UPDATED! Expanded use of real-world data in material helps students relate the text to their future careers.

 

An Enhanced Pedagogy Makes the Text More Engaging for Students

  • Worked-out solutions to in-text examples were created using Camtasia and are available for students in MyFinanceLab. These can be used as a guide to in-chapter assignments.
  • REVISED! End-of-chapter problems have been revised in most areas of the text.
  • UPDATED! QR codes are now in the margins of each chapter. Students can scan these codes with their smartphones to gain access to videos and other web content that enhance the topical coverage of each chapter.
  • UPDATED! Investor Facts boxes are brief sidebar items that give an interesting statistic or cite an unusual investment experience. Most have been updated, and new boxes have been added.
  • Famous Failures in Finance is a boxed item that replaces the last edition’s Markets in Crisis feature to highlight lessons from the financial crisis, as well as “problem areas” in the investment world such as market crashes, ethical scandals, and failure to act in the client’s best interest.
  • Watch Your Behavior features appear in the margins of most chapters and highlight investment lessons gleaned from behavioral finance literature.
  • REVISED! Chapter openers now include end-of-chapter problems in most chapters that tie back to the chapter opener.
  • An Excel@Investing feature provides students with online access to electronic copies of most tables in the text that involve calculations. These allow students to see how changing key assumptions affects results.
  • CFA Questions are included throughout the text and at the end of five of the book’s six parts.
  • REVISED! Problem Sets offer additional homework and learning opportunities within the learning goals.

 

Features & benefits

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 each header, end-of-chapter summary, discussion questions, problems, and cases.
  • A friendly and engaging writing style gets students invested in the material, helping them to learn the material the first time and review the material before exams.
  • A flexible chapter structure allows professors to easily integrate the text into their syllabi. The first section describes the overall investment environment. The second section presents the conceptual tools needed by investors--the concepts of risk and return and the basics of portfolio construction. Then each of the popular investment vehicles--common stocks, bonds, preferred stocks, convertible securities, and mutual funds--is addressed. A chapter on how to apply these concepts to administer a personal portfolio follows, culminating in a section on derivative securities, options, and futures.
  • 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.
  • 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.
  • A focus on globalisation emphasises the growth of global securities markets and international investing as a major trend in the market.
  • A comprehensive, integrated learning system makes it clear what each student should learn from the chapter at hand, allowing them to successfully focus their efforts throughout the course.  

 

Provides the Most Recent Material On the Topic

  • UPDATED! Lead Author Scott Smart received his PhD from Stanford University in 1991, and he has been a member of the finance faculty at Indiana University since then. He is currently Associate Chair of the MBA Program at Indiana University's Kelley School of Business. His scholarly articles have appeared in the Journal of Financial Economics, the Journal of FinanceFinancial Management, the Financial Review, the Journal of Accounting and Economics, and other scholarly journals. He has been recognised as an outstanding teacher by Business Week, and he has won more than a dozen teaching awards. Readers will see Scott’s imprint on every page.
  • UPDATED! Real-world data through 2015 has been added to the text, tables, and figures.
  • UPDATED! Expanded coverage of mutual funds, ETFs, and hedge funds in Chapter 1 has been added.
  • NEW! Coverage of the free-cash-flow-to-equity-stock valuation in Chapter 8 is new.
  • NEW! and UPDATED! Coverage of behavioral finance throughout, particularly in Chapter 9, as well as new content on the role of arbitrage in moving financial markets toward efficiency is included.
  • NEW! Historical data on interest rates and bond returns in Chapter 10 highlights the link between changes in interest rates and total returns placed on bonds.
  • NEW! Coverage of formulating a personal investment policy statement has been added.  
  • Coverage of exchange-traded funds is included (Chapter 12).
  • UPDATED! Expanded use of real-world data in material helps students relate the text to their future careers.

 

An Enhanced Pedagogy Makes the Text More Engaging for Students

  • REVISED! End-of-chapter problems have been revised in most areas of the text.
  • UPDATED! QR codes are now in the margins of each chapter. Students can scan these codes with their smartphones to gain access to videos and other web content that enhance the topical coverage of each chapter.
  • Investor Mistakes feature boxes appear in the margins of most chapters and highlight investment lessons gleaned from the behavioral finance literature.
  • UPDATED! Investor Facts boxes are brief sidebar items that give an interesting statistic or cite an unusual investment experience. Most have been updated, and new boxes have been added.
  • NEW! Famous Failures in Finance is a boxed item that replaces the last edition’s Markets in Crisis feature to highlight lessons from the financial crisis, as well as “problem areas” in the investment world such as market crashes, ethical scandals, and failure to act in the client’s best interest.
  • NEW! Watch Your Behavior features appear in the margins of most chapters and highlight investment lessons gleaned from behavioral finance literature.
  • NEW! and REVISED! Chapter openers now include end-of-chapter problems in most chapters that tie back to the chapter opener.
  • NEW! An Excel@Investing feature provides students with online access to electronic copies of most tables in the text that involve calculations. These allow students to see how changing key assumptions affects results.
  • Key Equations are screened in yellow in the text to help students identify important mathematical relationships.
  • Calculator Keystrokes show students how to use financial calculators for specific equations.
  • Concepts in Review questions appear at the end of each section in the chapter and allow students to test their understanding of the section before they move on to the next one.
  • End-of-Chapter Summaries integrate chapter content with online resources.
  • Learning Goal icons precede each summary item and boldface the learning goal.
  • Case Problems are keyed into the learning goals and encourage students to apply their critical thinking skills to use techniques presented in the chapter, evaluate alternatives, and recommend how an investor might solve a specific problem.
  • Discussion questions guide students in integrating, investigating, and analysing key concepts presented in the chapter.
  • NEW! CFA Questions are included throughout the text and at the end of five of the book’s six parts.
  • NEW! and REVISED! Problem Sets offer additional homework and learning opportunities within the learning goals.
Student supplements