Investments: An Introduction

EXPANDED END-OF-CHAPTER MATERIAL RESPONDS TO STUDENT FEEDBACK. This edition's now offers a larger number of "Relationships" and "Fundamental Worked Problems" at the end of each chapter, based on student requests. "Relationships" features ask students to think critically to determine the relationship between two things, such as how an increase in interest rates affects the price and face value of a bond.

END-OF-CHAPTER "FUNDAMENTAL WORKED PROBLEMS" GUIDE STUDENTS IN COMPLETING WORK STEP-BY-STEP. This helpful feature clearly illustrates basic problems covered in the chapter. Students can work the problems with immediate access to the detailed steps necessary to solve the problem as well as the solutions.

STUDENTS FOCUS ON THE CFP® TOPICS MOST IMPORTANT FOR TODAY’S EXAM. Widely recognized for its proven focus and clear presentation of CFP® testing topics, this edition continues to emphasize concepts students need for success when they take today’s CFP® exam.

FINANCIAL ADVISOR’S INVESTMENT CASE PREPARES STUDENTS FOR REAL INVESTMENT DECISIONS. Brief, engaging cases at the end of each chapter create a dynamic, continuing Financial Advisor’s Case that integrates each chapter’s materials. Students clearly see how concepts from each chapter apply to investment decisions from a financial planner’s perspective. Cases follow today’s proven format for effective learning.

EXPANDED COVERAGE OF STOCK VALUATION RATIOS THOROUGHLY INTRODUCES THIS KEY TOPIC. This edition helps you provide students with a strong understanding of adjusted PEG, return on equity from price to book, and profit margin from price to sales. The author has expanded the introduction to stock valuation ratios to help students better understand this key investment topic.

UPDATES REFLECT THE LATEST CHANGES IN TAXATION AND INVESTMENT PLANNING. The author has carefully updated content throughout this edition to address the most recent changes and developments stemming from the 2018 Tax Cuts and Jobs Act (TCJA).

UPDATED AND REVISED CONTEMPORARY EXAMPLES FEATURE MANY OF TODAY'S POPULAR INVESTMENT OPTIONS. Memorable examples drawn from actual investment opportunities highlight common investments, such as United Health Group, Apple, and Intel.

UPDATED, UNIQUE PERSPECTIVE EXAMINES THE 2008 FINANCIAL CRISIS. The author offers an insightful analysis of the 2008 financial crisis from a "ten-year-out" perspective that challenges students to reflect and evaluate.

NEW COVERAGE HIGHLIGHTS TODAY'S VOLATILITY AS A RESULT OF THE 2008 FINANCIAL CRISIS. This edition focuses on the increased concerns and emphasis on volatility since the 2008 financial crisis. Students study the changes in spreads, increased use of volatility indices, and other common tools and concerns that were prompted by the last financial crisis.