Includes index.

Chapter 1 Money Market Securities
1.1 Money Markets
1.2 Markets Are Made by Dealers and Brokers
1.3 United States Treasury Bills
1.4 Banker's Acceptances, BAs
1.5 Federal Funds
1.6 Certificates of Deposit, CDs
1.7 Eurodollars
1.8 Commercial Paper
1.9 Repurchase Agreements, Repos
Chapter 2 Common and Preferred Stock
2.1 Common Stock
2.2 The Corporation
2.3 Characteristics of Common Stocks
2.4 Preferred Stock
2.5 Common Stock Dividends and Splits
Chapter 3 Corporate Bonds
3.1 Characteristics of Corporate Bond Issues
3.2 The Determinants of Corporate Bonds' Discount Rates
3.3 The Issuer's Financial Condition
Chapter 4 The Time Value of Money
4.1 Compound Interest
4.2 Discounted Present Value
4.3 Annuities
Chapter 5 U.S. Treasury, Agency and Related Bonds
5.1 Characteristics of Government Securities in the United States
5.2 The Marketability of Treasury Securities
5.3 Treasury Bills
5.4 Certificates of Indebtedness
5.5 Treasury Notes
5.6 Treasury Bonds
5.7 Newspaper Price Quotations for Treasury Securities
5.8 Different Bond Rate of Return Measures
5.9 Special Issues
5.10 Agency Securities
5.11 Zero Coupon Bonds
Chapter 6 Municipal Bonds
6.1 Municipal Securities Defined
6.2 Insured Municipal Bond Issues
6.3 Default Risk Analysis for Municipal Bonds
Chapter 7 Issuing and Trading Sercurities
7.1 Investment Bankers Make Primary Markets
7.2 Primary and Secondary Markets Contrasted
7.3 Organized Securities Exchanges
Chapter 8 Secondary Security Markets
8.1 Introduction
8.2 Over-the-Counter Markets
8.3 Trading Arrangements
8.4 Full and Discount Brokerage Services and Online Trading
8.5 Specialty Brokerage Services
Chapter 9 Federal Investments Regulations
9.1 Introduction
9.2 The Glass-Steagall Act of 1933
9.3 The Securities Act of 1933
9.4 The Securities Exchange Act of 1934
9.5 The Public Utility Holding Company Act of 1935
9.6 The Maloney Act of 1938
9.7 The Trust Indenture Act of 1939
9.8 The Investment Company Act of 1940
9.9 The Investment Advisors Act of 1940
9.10 The Real Estate Investment Trust Act of 1960
9.11 The Securities Investor Protection Corporation Act of 1970
9.12 The Commodity Futures Trading Commission Act of 1974
9.13 Employment Retirement Income Security Act of 1974
9.14 The Securities Reform Act of 1975
9.15 The Securities Acts Amendments of 1975
9.16 The National Bankruptcy Laws
Chapter 10 Security Market Indexes
10.1 Introduction
10.2 Different Averages and Indexes Exist
10.3 The Construction of Indexes
10.4 Maintenance Problems with Security Market Indexes
10.5 Contrasting Different Market Indicators
10.6 The Naïve Buy-and-Hold Strategy
10.7 Comparing Investment Alternatives
Chapter 11 Analysis of Financial Statements
11.1 Introduction
11.2 Financial Ratios
11.3 Interpretation of Ratios
11.4 Problems with Financial Statement Analysis
Chapter 12 Short Positions, Hedging, and Arbitrage
12.1 Introduction
12.2 Long and Short Positions
12.3 Hedged Positions
12.4 Arbitrage
12.5 Differing Motivations for Short Selling
Chapter 13 Total Risk and Risk Factors
13.1 Introduction
13.2 Default Risk
13.3 The Interest-Rate Risk Factor
13.4 Purchasing Power Risk
Chapter 14 Bond Valuation
14.1 Bond Values
14.2 Bond Duration
Chapter 15 Bond Portfolio Management
15.1 The Level of Market Interest Rates
15.2 Yield Spreads
15.3 Term Structure of Interest-Rate Theories
15.4 Bond Portfolio Immunization
Chapter 16 Common Stock Valuation
16.1 Present Value of Cash Dividends
16.2 Earnings Approach
16.3 Value versus Price
Chapter 17 Technical Analysis
17.1 The Concept
17.2 Types of Charts
17.3 Dow Theory
17.4 Relative Strength
17.5 Contrary Opinion
17.6 Moving Average
17.7 The Confidence Index
17.8 Trading Volume
17.9 Breadth of Market
Chapter 18 Efficient Markets Theory
18.1 The Random Walk Theory
18.2 Levels of Market Efficiency
18.3 Anomalies
Chapter 19 Futures
19.1 Commodities
19.2 The Futures Contract
19.3 Hedging with Commodities
19.4 Speculation with Commodities
19.5 Interest-Rate Futures
19.6 Stock Index Futures
19.7 Foreign Currency Futures
Chapter 20 Put and Call Options I
20.1 Options
20.2 Call Options
20.3 Put Options
20.4 Combinations
20.5 Options on Indexes
20.6 Options on Futures
Chapter 21 Put and Call Options II
21.1 The Black-Scholes Formula
21.2 Using Put-Call Parity
21.3 Equity as a Call Option
Chapter 22 Portfolio Analysis
22.1 Introduction
22.2 Covariance of Returns
22.3 Correlation
22.4 Portfolio Return
22.5 Portfolio Standard Deviation
22.6 Two-Asset Case
22.7 Efficient Frontier (EF)
22.8 Optimum Portfolio
Chapter 23 Capital Market Theory
23.1 Capital Market Line (CML)
23.2 Simple Diversification Reduces Risk
23.3 Characteristic Line
23.4 Capital Asset Pricing Model (CAPM)
Chapter 24 Arbitrage Pricing Theory (APT)
24.1 The Law of One Price
24.2 Arbitrage Pricing for One Factor
24.3 Two-Factor Arbitrage Pricing
24.4 Multifactor Arbitrage Pricing
Chapter 25 Portfolio Performance Evaluation
25.1 Mutual Funds
25.2 Geometric Mean Return
25.3 Sharpe's Performance Measure
25.4 Treynor's Performance Measure
25.5 Jensen's Performance Measure
25.6 Comparison of Performance Measures
25.7 Future Investment Value
Chapter 26 International Investing
26.1 Introduction
26.2 International Diversification
26.3 Foreign Exchange Risk
Appendix A: Present Value of $1
Appendix B: Future Value of $1
Appendix C: Present Value of an Annuity of $1
Appendix D: Future Value of an Annuity of $1
Index

Investment courses are in demand by 800,000 business majors and lifelong learners in non-degree programs every year. Schaum's Outline of Investments, Second Edition, presents this authoritative learning guide to the decade's hottest topic­­making money grow. Contains clear and concise explanations of investment principles, contemporary investment strategies, and international markets.

Confusing Textbooks? Missed Lectures? Not Enough Time?

Fortunately for you, there's Schaum's Outlines. More than 40 million students have trusted Schaum's to help them succeed in the classroom and on exams. Schaum's is the key to faster learning and higher grades in every subject. Each Outline presents all the essential course information in an easy-to-follow, topic-by-topic format. You also get hundreds of examples, solved problems, and practice exercises to test your skills.