Publisher's Synopsis
This best selling text is rigorous yet not overly abstract.;The authors (both are editors for the Journal of Finance) have thoroughly updated all material to reflect recent research and have included many additional examples. The book contains a new chapter on portfolio management which not only examines all the different types of investment strategies used, but also the underlying philosophies behind those strategies. All chapters feature an array of new and simplified examples.;The previous edition of this book was published in 1987.
