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Informationen zum Autor FRANK J. FABOZZI, PHD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at Yale University's School of Management, Editor of the Journal of Portfolio Management , and Associate Editor of the Journal of Structured Finance and the Journal of Fixed Income . PAMELA PETERSON DRAKE, PHD, CFA, is the J. Gray Ferguson Professor of Finance and Department Head of Finance and Business Law at James Madison University. Klappentext A comprehensive introduction to the dynamic world of financeCreated by the experienced author team of Frank Fabozzi and Pamela Peterson Drake, Introduction to Finance examines the essential elements of this discipline and makes them understandable to a wide array of readers. For seasoned professionals looking for a review or newcomers to the finance profession, this book offers a comprehensive treatment of all finance topics. Issues addressed include the major areas of finance; different asset classes and market players; and concepts such as return, risk, diversification, arbitrage, leverage, and securitization. Also included are important discussions of valuation of assets, capital budgeting, and analysis. Introduction to Finance offers a well-rounded treatment of this field, and is a convenient reference for those looking to refresh or enhance their finance skills.Frank J. Fabozzi, PhD, CFA, CPA (New Hope, PA), is Professor in the Practice of Finance at Yale University's School of Management, Editor of the Journal of Portfolio Management, and Associate Editor of the Journal of Structured Finance and the Journal of Fixed Income. Pamela Peterson Drake, PhD, CFA, (Harrisonburg, VA), is the J. Gray Ferguson Professor of Finance and Department Head of Finance and Business Law at James Madison University. Zusammenfassung This book provides a look at all the disciplines in finance without being overly technical in any one. The authors, Fabozzi and Peterson Drake, thoroughly cover topics such as the financial markets and institutions, corporate finance, portfolio management, risk management, and financial engineering, among others. Inhaltsverzeichnis Preface xiii About the Authors xv Part One Background 1 Chapter 1 What is Finance? 3 Capital Markets and Capital Market Theory 4 Financial Management 5 Investment Management 7 Summary 8 Chapter 2 Mathematics of Finance 11 The Importance of the Time Value of Money 11 Determining the Future Value 13 Determining the Present Value 20 Determining the Unknown Interest Rate 22 Determining the Number of Compounding Periods 23 The Time Value of a Series of Cash Flows 24 Valuing Cash Flows with Different Time Patterns 34 Loan Amortization 40 The Calculation of Interest Rates and Yields 46 Principles of Valuation 51 Summary 55 Chapter 3 Basics of Financial Analysis 57 Financial Ratio Analysis 58 Cash Flow Analysis 87 Usefulness of Cash Flows in Financial Analysis 99 Summary 105 Part Two Capital Markets and Capital Market Theory 109 Chapter 4 The Financial System 111 Financial Assets/Financial Instruments 111 Financial Markets 113 Financial Intermediaries 114 Regulators of Financial Actitivies 118 Classification of Financial Markets 122 Market Participants 131 Summary 150 References 154 Chapter 5 Interest Rate Determination and the Structure of Interest Rates 155 Theories About Interest Rate Determination 155 The Federal Reserve System and the Determination of Interest Rates 157 The Structure of Interest Rates 163 Term Structure of Interest Rates 168 Summary 178 References 179 Chapter 6 Basics of Derivatives 181
