Modern Investment Theory

Part 1. Background -- 1. Introduction to Modern Investment Theory -- 2. Securities and Markets -- 3. Some Statistical Concepts -- -- Part 2. Portfolio Management -- 4. Combining Individual Stocks into Portfolios -- 5. Maximizing Return Given Risk -- 6. Properties of the Minimum Variance Set -- 7. The Single-Index Model -- 8. Issues and Applications of Index Models -- -- Part 3. Risk, Expected Return, and Performance Measurement -- 9. The Capital Asset Pricing Model -- 10. Empirical Tests of the Capital Asset Pricing Model -- 11. The Arbitrage Pricing Theory -- 12. Measuring Portfolio Performance -- -- Part 4. Interest Rates and Bond Management -- 13. The Level of Interest Rates -- 14. The Term Structure of Interest Rates -- 15. Aggressive Bond Portfolio Management -- 16. Interest Immunization -- -- Part 5. The Pricing of Complex Securities -- 17. European Option Pricing -- 18. Additional Issues in Option Pricing -- 19. Financial Forward and Futures Contracts -- -- Part 6. Issues in Investment Management -- 20. Taxes, Investment Strategy, and Security Prices -- 21. Market Efficiency: The Concept -- 22. Market Efficiency: The Evidence -- -- Glossary -- Index