Brief History of Risk and Return
- Average Returns and Risk Premiums
- Returns
- Return Variability and Historic
- Risk and Return: The greater the Risk the Greater
the Return - The Historical
Interest Rates
- Determinants of Nominal Interest Rates, Liquidity
and Default Risk - Interest Rate History and Money Market
- Money Market Prices and Rates
- Nominal versus Real Interest
- Rates and Yields on Fixed Income Securities and The
Treasury Yield - The Term Structure of Interest
- Traditional Theories of the Term
Bond Prices and Yields
- Bond Basics, Straight Bonds, Coupon Rate, and
Current Yield - Dedicated Portfolios and Reinvestment Risk
- Duration, Weighted Average Life, and the Life of
an Investment - Immunization
- Interest Rate Risk and Malkiel's Theorems
- Straight Bond Prices and Yield to Maturity
- More on Yields
Buying and Selling Securities
- Brokerage
- Getting Started
- Investor Objectives, Constraints, and Strategies
- Short
- Summary and Conclusions
Security Types
- Classifying Securities
- Derivatives
- Equities
- Interest-Bearing Assets
- Option
The Stock Markets
- NASDAQ
- NYSE and NASDAQ Competitors
- Operation of the New York Stock Exchange
- Stock Market Information
- The Primary and Secondary Stock Markets
- The New York Stock Exchange
Stock Price Behavior and Market Efficiency
- Anomalies
- Bubbles and Crashes
- "Beat the Market"
- Foundations of Market Efficiency
- Forms of Market Efficiency
- How Efficient are Markets?
- Informed Traders and Insider Trading
- Market Efficiency
- Market Efficiency and Professional Money Managers
- Some Implications of Market Efficiency
- Summary and Conclusions
- Why Would a Market be Efficient?
Behavioral Finance and the Psychology of Investing
- Introduction
- Misperceiving Randomness and Overreacting to Chance Events
- Overconfidence
- Prospect Theory
- Sentiment-Based Risk and Limits to Arbitrage
- Summary and Conclusions
- Technical Analysis
Government Bonds
- Equivalent Taxable Yield
- Federal Government Agency Securities
- Government Bond Basics
- Municipal Bonds
- Summary and Conclusions
- Taxable Municipal Bonds
- U.S. Treasury Auctions
- U.S. Treasury Bills, Notes, Bonds, and STRIPS
- U.S. Savings Bonds
Corporate Bonds
- Adjustable Rate Bonds and Adjustable Rate Preferred Stock
- Bond Indentures
- Bond Market Trading
- Bonds without Indentures
- Corporate Bond Basics
- Corporate Bond Credit Ratings
- Event Risk
- Junk Bonds
- Protective Covenants
- Preferred Stock
- Types of Corporate Bonds
Projecting Cash Flows and Earnings
- Financial Statements
- Financial Statement Forecasting
- Sources of Financial Information
Stock Options
- Employee Stock Options
- Hedging Stock with Stock Options
- Hedging a Stock Portfolio with Stock Index Options
- Implied Standard Deviation
- Measuring the Impact of Input Changes on Option Prices
- Options on Common Stock
- Option "Moneyness"
- Option Payoff and Profits
- Option Strategies
- Option Prices, Intrinsic Values, and Arbitrage
- Put-Call Parity
- Stock Index Options
- Summary and Conclusions
- The Black Scholes Merton Option Pricing Model
- The Options Clearing Corporation
- Varying the Option Price Input Values
