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| Foreword | |
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| Introduction | |
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| Market Organization and Structure | |
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| Learning Outcomes | |
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| Introduction | |
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| The Functions of the Financial System | |
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| Assets and Contracts | |
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| Financial Intermediaries | |
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| Positions | |
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| Orders | |
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| Primary Security Markets | |
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| Secondary Security Market and Contract Market Structures | |
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| Well-Functioning Financial Systems | |
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| Market Regulation | |
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| Summary | |
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| Problems | |
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| Security Market Indices | |
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| Learning Outcomes | |
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| Introduction | |
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| Index Definition and Calculations of Value and Returns | |
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| Index Construction and Management | |
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| Uses of Market Indices | |
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| Equity Indices | |
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| Fixed-Income Indices | |
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| Indices for Alternative Investments | |
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| Summary | |
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| Problems | |
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| Market Efficiency | |
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| Learning Outcomes | |
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| Introduction | |
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| The Concept of Market Efficiency | |
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| Forms of Market Efficiency | |
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| Market Pricing Anomalies | |
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| Behavioral Finance | |
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| Summary | |
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| Problems | |
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| Portfolio Management: An Overview | |
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| Learning Outcomes | |
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| Introduction | |
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| A Portfolio Perspective on Investing | |
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| Investment Clients | |
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| Steps in the Portfolio Management Process | |
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| Pooled Investments | |
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| Summary | |
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| Problems | |
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| Portfolio Risk and Return: Part I | |
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| Learning Outcomes | |
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| Introduction | |
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| Investment Characteristics of Assets | |
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| Risk Aversion and Portfolio Selection | |
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| Portfolio Risk | |
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| Efficient Frontier and Investor's Optimal Portfolio | |
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| Summary | |
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| Problems | |
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| Portfolio Risk and Return: Part II | |
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| Learning Outcomes | |
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| Introduction | |
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| Capital Market Theory | |
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| Pricing of Risk and Computation of Expected Return | |
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| The Capital Asset Pricing Model | |
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| Beyond the Capital Asset Pricing Model | |
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| Summary | |
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| Problems | |
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| Basics of Portfolio Planning and Construction | |
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| Learning Outcomes | |
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| Introduction | |
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| Portfolio Planning | |
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| Portfolio Construction | |
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| Summary | |
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| Problems | |
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| Overview of Equity Securities | |
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| Learning Outcomes | |
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| Introduction | |
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| Equity Securities in Global Financial Markets | |
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| Types and Characteristics of Equity Securities | |
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| Private versus Public Equity Securities | |
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| Investing in Non-Domestic Equity Securities | |
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| Risk and Return Characteristics of Equity Securities | |
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| Equity Securities and Company Value | |
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| Summary | |
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| Problems | |
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| Introduction to Industry and Company Analysis | |
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| Learning Outcomes | |
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| Introduction | |
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| Uses of Industry Analysis | |
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| Approaches to Identifying Similar Companies | |
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| Industry Classification Systems | |
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| Describing and Analyzing an Industry | |
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| Company Analysis | |
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| Summary | |
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| Problems | |
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| Equity Valuation: Concepts and Basic Tools | |
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| Learning Outcomes | |
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| Introduction | |
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| Estimated Value and Market Price | |
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| Major Categories of Equity Valuation Models | |
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| Present Value Models: The Dividend Discount Model | |
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| Multiplier Models | |
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| Asset-Based Valuation | |
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| Summary | |
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| Problems | |
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| Equity Market Valuation | |
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| Learning Outcomes | |
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| Introduction | |
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| Estimating a Justified P/E Ratio | |
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| Top-down and Bottom-up Forecasting | |
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| Relative Value Models | |
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| Summary | |
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| Problems | |
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| Technical Analysis | |
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| Learning Outcomes | |
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| Introduction | |
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| Technical Analysis: Definition and Scope | |
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| Technical Analysis Tools | |
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| Elliott Wave Theory | |
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| Intermarket Analysis | |
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| Summary | |
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| Problems | |
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| Glossary | |
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| References | |
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| About the Authors | |
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| About the CFA Program | |
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| Index | |