The sixth edition, with numerous improvements over the previous edition, continues to offer students of management the most thorough, balanced, and current survey of the investment environment and the investment process. With a fresh and simulating approach, the book provides a solid theoretical framework, integrated with a discussion of new investment management techniques, to build a practical knowledge of the functioning of securities and securities markets.

The essentials of prominent investment concepts are explained through numerous well-knit examples to enhance students’ grasp of the material. Included in each chapter are bulleted summaries, endnotes, key terms, questions and problems, and extensive annotated references to give students a strong foundation and opportunity for further study of topics presented in the text.

1. Introduction
2. Buying and Selling Securities
3. Security Markets
4. Efficient Markets, Investment Value, and Market Price
5. The Valuation of Riskless Securities
6. The Portfolio Selection Problem
7. Portfolio Analysis
8. Riskfree Borrowing and Lending
9. The Capital Asset Pricing Model
10. Factor Models
11. Arbitrage Pricing Theory
12. Taxes and Inflation
13. Fixed-Income Securities
14. Bond Analysis
15. Bond Portfolio Management
16. Common Stocks
17. The Valuation of Common Stocks
18. Earnings
19. Options
20. Futures
21. Investment Companies
22. Financial Management
23. Investment Analysis
24. Portfolio Performance Evaluation
25. International Investing