Manual
by
, Robert Hartwig
Worcester State University
for
Fundamentals of Investing
Fourteenth Edition
Scott B. Smart
Chad J. Zutter
University of Pittsburgh
Copyright © 2020 Pearson Education, Inc.
, Director, Higher Education Product Management—Business & Economics: Adrienne D’Ambrosio
Editorial Assistant: Catherine Cinque
Managing Producer: Alison Kalil
Senior Content Producer: Meredith Gertz
Copyright © 2020, 2017, 2014 by Pearson Education. All rights reserved. Manufactured in
the United States of America. This publication is protected by Copyright, and permission should be
obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or
transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise.
For information regarding permissions, request forms, and the appropriate contacts within the Pearson
Education Global Rights and Permissions department, please visit www.pearsoned.com/permissions/.
ISBN-13: 978-0-13-489778-3
ISBN-10: 0-13-489778-1
Contents
Chapter 1 The Investment Environment 1
Chapter 2 Securities Markets and Transactions 16
Chapter 3 Investment Information and Securities Transactions 34
Chapter 4 Return and Risk 50
, iv Contents
Chapter 5 Modern Portfolio Concepts 76
Chapter 6 Common Stocks 103
Chapter 7 Analyzing Common Stocks 120
Chapter 8 Stock Valuation 145
Chapter 9 Market Efficiency and Behavioral Finance 162
Chapter 10 Fixed-Income Securities 182
Chapter 11 Bond Valuation 201
Chapter 12 Mutual Funds and Exchange-Traded Funds 227
Chapter 13 Managing Your Own Portfolio 246
Chapter 14 Options: Puts and Calls 266
Chapter 15 Futures Markets and Securities 287
Web Chapter 16 Investing in Preferred Stock 299
Web Chapter 17 Tax-Advantaged Investments 307
Web Chapter 18 Real Estate and Other Tangible Investments 322
by
, Robert Hartwig
Worcester State University
for
Fundamentals of Investing
Fourteenth Edition
Scott B. Smart
Chad J. Zutter
University of Pittsburgh
Copyright © 2020 Pearson Education, Inc.
, Director, Higher Education Product Management—Business & Economics: Adrienne D’Ambrosio
Editorial Assistant: Catherine Cinque
Managing Producer: Alison Kalil
Senior Content Producer: Meredith Gertz
Copyright © 2020, 2017, 2014 by Pearson Education. All rights reserved. Manufactured in
the United States of America. This publication is protected by Copyright, and permission should be
obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or
transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise.
For information regarding permissions, request forms, and the appropriate contacts within the Pearson
Education Global Rights and Permissions department, please visit www.pearsoned.com/permissions/.
ISBN-13: 978-0-13-489778-3
ISBN-10: 0-13-489778-1
Contents
Chapter 1 The Investment Environment 1
Chapter 2 Securities Markets and Transactions 16
Chapter 3 Investment Information and Securities Transactions 34
Chapter 4 Return and Risk 50
, iv Contents
Chapter 5 Modern Portfolio Concepts 76
Chapter 6 Common Stocks 103
Chapter 7 Analyzing Common Stocks 120
Chapter 8 Stock Valuation 145
Chapter 9 Market Efficiency and Behavioral Finance 162
Chapter 10 Fixed-Income Securities 182
Chapter 11 Bond Valuation 201
Chapter 12 Mutual Funds and Exchange-Traded Funds 227
Chapter 13 Managing Your Own Portfolio 246
Chapter 14 Options: Puts and Calls 266
Chapter 15 Futures Markets and Securities 287
Web Chapter 16 Investing in Preferred Stock 299
Web Chapter 17 Tax-Advantaged Investments 307
Web Chapter 18 Real Estate and Other Tangible Investments 322
