• ¿Documento equivocado? Cámbialo gratis
  • Escrito por estudiantes que aprobaron
  • Inmediatamente disponible después del pago
  • Leer en línea o como PDF
Vender
¿Dónde estudias?
Tu idioma
Document preview thumbnail
Vista previa 4 fuera de 1065 páginas
Resumen

Summary Business Driven Information Systems

Document preview thumbnail
Vista previa 4 fuera de 1065 páginas

AN INVESTMENT IS the current commitment of money or other resources in the expecta- tion of reaping future benefits. For example, an individual might purchase shares of stock anticipating that the future proceeds from the shares will justify both the time that her money is tied up as well as the risk of the investment. The time you will spend studying this text (not to mention its cost) also is an investment. You are forgoing either current leisure or the income you could be earning at a job in the expectation that your future career will be sufficiently enhanced to justify this commitment of time and effort. While these two investments differ in many ways, they share one key attribute that is central to all investments: You sacrifice something of value now, expecting to benefit from that sacrifice later. This text can help you become an informed practitioner of investments. We will focus on investments in securities such as stocks, bonds, or options and futures contracts, but much of what we discuss will be useful in the analysis of any type of investment. The text will pro- vide you with background in the organization of various securities markets; will survey the valuation and risk-management principles useful in particular markets, such as those for bonds or stocks; and will introduce you to the principles of portfolio construction. Broadly speaking, this chapter addresses three topics that will provide a useful per- spective for the material that is to come later. First, before delving into the topic of “invest- ments,” we consider the role of financial assets in the economy. We discuss the rela- tionship between securities and the “real” assets that actually produce goods and ser- vices for consumers, and we consider why financial assets are important to the function- ing of a developed economy. Given this back- ground, we then take a first look at the types of decisions that confront investors as they assemble a portfolio of assets. These invest- ment decisions are made in an environment where higher returns usually can be obtained only at the price of greater risk and in which it is rare to find assets that are so mispriced as to be obvious bargains. These themes—the risk–return trade-off and the efficient pricing of financial assets—are central to the invest- ment process, so it is worth pausing for a brief discussion of their implications as we begin the text. These implications will be fleshed out in much greater detail in later chapters. We provide an overview of the organiza- tion of security markets as well as the various 11The Investment Environment PART I CHAPTER ONE

Vista previa del contenido

, finance

STUDENTS...
Want to get better grades? (Who doesn’t?)
Prefer to do your homework online? (After all, you are online anyway…)
Need a better way to study before the big test?
(A little peace of mind is a good thing…)




With McGraw-Hill's Connect Plus Finance, ™




STUDENTS GET:
• Easy online access to homework, tests, and
quizzes assigned by your instructor.
• Immediate feedback on how you’re doing.
(No more wishing you could call your
instructor at 1 a.m.)
• Quick access to lectures, practice materials,
eBook, and more. (All the material you need
to be successful is right at your fingertips.)
• A Self-Quiz and Study tool that assesses
your knowledge and recommends specific
readings, supplemental study materials,
and additional practice work.*
*Available with select McGraw-Hill titles.




‫ﺿﺮﻏﺎم اﻟﻤﻮﺳﻮي‬





ISBN: 9780073530703 Front endsheets
Author: Bodie/Kane/Marcus Color: 4c
Title: Investments, 9e Pages: 2,3

, Less managing. More teaching. Greater learning.


INSTRUCTORS...
Would you like your students to show up for class more prepared?
(Let’s face it, class is much more fun if everyone is engaged and prepared…)

Want an easy way to assign homework online and track student progress?
(Less time grading means more time teaching…)

Want an instant view of student or class performance? (No more wondering if
students understand…)

Need to collect data and generate reports required for administration or
accreditation? (Say goodbye to manually tracking student learning outcomes…)
Want to record and post your lectures for students to view online?



With McGraw-Hill's Connect Plus Finance, ™




INSTRUCTORS GET:
• Simple assignment management, allowing you to
spend more time teaching.
• Auto-graded assignments, quizzes, and tests.
• Detailed Visual Reporting where student and
section results can be viewed and analyzed.
• Sophisticated online testing capability.
• A filtering and reporting function that
allows you to easily assign and report
on materials that are correlated to
accreditation standards, learning
outcomes, and Bloom’s taxonomy.
• An easy-to-use lecture capture tool.
• The option to upload course
documents for student access.




‫ﺿﺮﻏﺎم اﻟﻤﻮﺳﻮي‬


, Want an online, searchable version of your textbook?

Wish your textbook could be available online while you’re doing
your assignments?


Connect™ Plus Finance eBook
If you choose to use Connect™ Plus Finance, you have an
affordable and searchable online version of your book
integrated with your other online tools.


Connect™ Plus Finance eBook offers
features like:
• Topic search
• Direct links from assignments
• Adjustable text size
• Jump to page number
• Print by section




Want to get more value from your textbook purchase?

Think learning finance should be a bit more interesting?


Check out the STUDENT RESOURCES
section under the Connect™ Library tab.
Here you’ll find a wealth of resources designed to help you
achieve your goals in the course. Every student has different
needs, so explore the STUDENT RESOURCES to find the
materials best suited to you.




‫ﺿﺮﻏﺎم اﻟﻤﻮﺳﻮي‬





ISBN: 9780073530703 Front endsheets
Author: Bodie/Kane/Marcus Color: 4c
Title: Investments, 9e Page: 4, Insert

Información del documento

Subido en
24 de junio de 2023
Número de páginas
1065
Escrito en
2022/2023
Tipo
Resumen
$10.89

¿Documento equivocado? Cámbialo gratis Dentro de los 14 días posteriores a la compra y antes de descargarlo, puedes elegir otro documento. Puedes gastar el importe de nuevo.
Escrito por estudiantes que aprobaron
Inmediatamente disponible después del pago
Leer en línea o como PDF

Seller avatar
Los indicadores de reputación están sujetos a la cantidad de artículos vendidos por una tarifa y las reseñas que ha recibido por esos documentos. Hay tres niveles: Bronce, Plata y Oro. Cuanto mayor reputación, más podrás confiar en la calidad del trabajo del vendedor.
LearnWithLeo
4.8
(225)
Vendido
2632
Seguidores
13
Artículos
6514
Última venta
1 semana hace



Por qué los estudiantes eligen Stuvia

Creado por compañeros estudiantes, verificado por reseñas

Calidad en la que puedes confiar: escrito por estudiantes que aprobaron y evaluado por otros que han usado estos resúmenes.

¿No estás satisfecho? Elige otro documento

¡No te preocupes! Puedes elegir directamente otro documento que se ajuste mejor a lo que buscas.

Paga como quieras, empieza a estudiar al instante

Sin suscripción, sin compromisos. Paga como estés acostumbrado con tarjeta de crédito y descarga tu documento PDF inmediatamente.

Student with book image

“Comprado, descargado y aprobado. Así de fácil puede ser.”

Alisha Student

Preguntas frecuentes