Essentials of Investments (McGraw-Hill / Irwin Series in Finance, Insurance, and Real Estate)

A textbook on investment analysis which concentrates on the intuition and insights useful to practitioners throughout their career. This edition maintains the theme is of asset allocation - the authors discuss asset pricing and trading then apply these theories to portfolio planning in real-world securities markets that are governed by risk/return relationships. Modern topics are also covered. As some courses requires students to complete homework task in spreadsheet format, Excel is integrated throughout the text.