FREE SHIPPING BOTH WAYS
ON EVERY ORDER!
LIST PRICE:
$136.00

Sorry, this item is currently unavailable.

Capital Markets : Institutions and Instruments

ISBN: 9780133001877 | 0133001873
Edition: 2nd
Format: Hardcover
Publisher: Prentice Hall
Pub. Date: 2/1/1996

Why Rent from Knetbooks?

Because Knetbooks knows college students. Our rental program is designed to save you time and money. Whether you need a textbook for a semester, quarter or even a summer session, we have an option for you. Simply select a rental period, enter your information and your book will be on its way!

Top 5 reasons to order all your textbooks from Knetbooks:

  • We have the lowest prices on thousands of popular textbooks
  • Free shipping both ways on ALL orders
  • Most orders ship within 48 hours
  • Need your book longer than expected? Extending your rental is simple
  • Our customer support team is always here to help
SummaryTable of Contents
Appropriate for courses in Capital or Financial Markets or Institutions, Investment Banking and Derivatives Markets. Fabozzi and Modigliani describe all phases of the capital market, including the instruments, institutions and valuation of instruments. The text offers the most comprehensive capital market coverage available. It covers the instruments, the players, and the principles of valuation with an excellent blend of theory and practice. The Second Edition expands upon the topics covered in the first and updates all material to reflect the... MORE
Prefacexi(5)
Biographical Sketchesxvi
Chapter 1: Introduction
1(18)
Financial Assets
... MORE(9)
Financial Markets
11(4)
Derivative Markets
15(1)
Summary
16(1)
Questions
17(2)
Section I: The Players19(106)
Chapter 2: Overview of Market Participants and Financial Innovation
19(18)
Issuers and Investors
20(2)
Role of Financial Intermediaries
22(3)
Overview of Asset/Liability Management for Financial Institutions
25(3)
Regulation of Financial Markets
28(3)
Financial Innovation
31(2)
Summary
33(1)
Questions
34(3)
Chapter 3: Depository Institutions
37(30)
Asset/Liability Problem of Depository Institutions
38(2)
Commercial Banks
40(15)
Savings and Loan Associations
55(5)
Savings Banks
60(1)
Credit Unions
60(1)
Summary
61(2)
Questions
63(4)
Chapter 4: Nondepository Institutions
67(30)
Insurance Companies
68(10)
Pension Funds
78(6)
Investment Companies
84(8)
Summary
92(1)
Questions
93(4)
Chapter 5: Investment Banking Firms
97(28)
Scope of Investment Banking
98(1)
Nature of the Business
99(11)
Industry Structure
110(9)
Competition and Challenges for Investment Banking Firms
119(2)
Summary
121(1)
Questions
122(3)
Section II: Organization and Structure of Markets125(36)
Chapter 6: The Primary Markets
125(18)
Regulation of the Issuance of Securities
126(3)
Variations in the Underwriting of Securities
129(7)
World Capital Markets Integration and Fund Raising Implications
136(1)
Motivation for Raising Funds Outside of the Domestic Market
137(1)
Summary
138(1)
Questions
139(4)
Chapter 7: Secondary Markets
143(18)
Function of Secondary Markets
144(1)
Trading Locations
144(1)
Market Structures
145(1)
Perfect Markets
145(1)
Secondary Market Trading Mechanics
146(6)
Role of Brokers and Dealers in Real Markets
152(2)
Market Efficiency
154(1)
Transaction Costs
155(2)
Summary
157(2)
Questions
159(2)
Section III: Risk and Return Theories161(54)
Chapter 8: Risk and Return Theories: I
161(26)
Measuring Investment Return
163(3)
Portfolio Theory
166(1)
Risky Assets Versus Risk-Free Assets
166(1)
Measuring Portfolio Risk
167(4)
Diversification
171(5)
Choosing a Portfolio of Risky Assets
176(5)
Summary
181(1)
Questions
182(5)
Chapter 9: Risk and Return Theories: II
187(28)
Economic Assumptions
188(1)
Capital Market Theory
189(4)
The Capital Asset Pricing Model
193(12)
The Multifactor CAPM
205(1)
Arbitrage Pricing Theory Model
206(4)
Some Principles to Take Away
210(1)
Summary
211(1)
Questions
212(3)
Section IV: Derivatives Markets215(78)
Chapter 10: Introduction to Financial Futures Markets
215(34)
Mechanics of Futures Trading
216(4)
Futures Versus Forward Contracts
220(1)
Risk and Return Characteristics of Futures Contracts
220(1)
Pricing of Futures Contracts
221(7)
General Principles of Hedging With Futures
228(11)
The Role of Futures in Financial Markets
239(3)
The GAO Study on Derivatives
242(2)
Summary
244(1)
Questions
245(4)
Chapter 11: Introduction to Options Markets
249(32)
Option Contract Defined
250(1)
Differences Between Options and Futures Contracts
251(1)
Risk and Return Characteristics of Options
252(9)
Pricing of Options
261(13)
Economic Role of the Option Markets
274(2)
Exotic Options
276(1)
Summary
277(1)
Questions
278(3)
Chapter 12: Introduction to the Swaps, Caps, and Floors Markets
281(12)
Swaps
282(5)
Cap and Floor Agreements
287(2)
Summary
289(1)
Questions
289(4)
Section V: The Equity Market293(98)
Chapter 13: Common Stock Market
293(36)
Secondary Markets
295(4)
SEC Studies of the Structure of the Equity Markets
299(4)
Trading Arrangements for Institutional Investors
303(2)
Stock Market Indicators
305(3)
Empirical Evidence on Pricing Efficiency and Implications for Portfolio Strategies
308(5)
The Market Crash of 1987
313(3)
Non-U.S. Equity Markets
316(8)
Summary
324(2)
Questions
326(3)
Chapter 14: Stock Options Market
329(26)
History of Exchange-Traded Options
330(1)
Features of Exchange-Traded Stock Options
331(1)
Stock Option Pricing Models
332(6)
Option Strategies
338(8)
Pricing Efficiency of the Stock Options Market
346(2)
Warrants
348(1)
Summary
349(1)
Questions
350(5)
Chapter 15: Stock Index Derivative Markets
355(36)
Stock Index Options
356(6)
Stock Index Futures Market
362(15)
Equity Swaps
377(2)
Stock Index Contracts, Stock Price Volatility, and Black Monday
379(7)
Summary
386(1)
Questions
387(4)
Section VI: Interest Rate Determination and Bond Valuation391(76)
Chapter 16: The Theory and Structure of Interest Rates
391(28)
The Theory of Interest Rates
392(17)
The Structure of Interest Rates
409(5)
Summary
414(1)
Questions
415(4)
Chapter 17: Valuation of Debt Contracts and Their Price Volatility Characteristics
419(26)
Features of Debt Contracts
420(1)
Basic Valuation Principles
421(1)
Return From a Bond: Yield-to-Maturity Measure
422(2)
Reasons Why a Bond's Price Will Change
424(1)
Reinvestment of Cash Flow and Yield
425(1)
What Determines the Premium-Par Yield
425(1)
Bond Price Volatility
426(13)
Summary
439(2)
Questions
441(4)
Chapter 18: The Term Structure of Interest Rates
445(22)
The Yield Curve
446(2)
Constructing the Theoretical Spot Rate Curve
448(7)
Forward Rates
455(4)
Determinants of the Shape of the Term Structure
459(5)
Summary
464(1)
Questions
465(2)
Section VII: Debt Markets467(256)
Chapter 19: Money Markets
467(26)
Treasury Bills
468(3)
Commercial Paper
471(7)
Bankers Acceptances
478(3)
Large-Denomination Negotiable CDs
481(3)
Repurchase Agreements
484(4)
Federal Funds
488(1)
Summary
489(1)
Questions
490(3)
Chapter 20: Treasury and Agency Securities Markets
493(20)
Treasury Securities
494(8)
Federal Agency Securities
502(3)
Non-U.S. Government Bond Markets
505(5)
Summary
510(1)
Questions
511(2)
Chapter 21: Corporate Bond Market
513(28)
Features of a Corporate Bond Issue
514(5)
Corporate Bond Ratings
519(2)
Event Risk
521(1)
High-Yield Corporate Bond Market
521(6)
Secondary Market
527(1)
Private Placement Market for Corporate Bonds
527(4)
Risk and Return in the Corporate Bond Market
531(4)
Eurobond Market
535(2)
Summary
537(1)
Questions
538(3)
Chapter 22: Medium-Term Note, Bank Loan, and Preferred Stock Markets
541(16)
Medium-Term Notes
542(4)
Bank Loan Market
546(2)
Preferred Stock
548(3)
Bankruptcy and Creditor Rights
551(3)
Summary
554(1)
Questions
555(2)
Chapter 23: Municipal Securities Market
557(18)
Investors in Municipal Securities
558(1)
Features of Municipal Securities
559(1)
Types of Municipal Securities
559(7)
Credit Risk
566(2)
Tax Risk
568(1)
The Primary Market
569(1)
The Secondary Market
569(1)
Regulation of the Municipal Securities Market
570(1)
Yields on Municipal Bonds
571(2)
Summary
573(1)
Questions
573(2)
Chapter 24: The Mortgage Market
575(32)
What is a Mortgage?
576(1)
Investors
577(1)
Mortgage Originators
577(5)
Mortgage Servicers
582(2)
Mortgage Insurers
584(3)
The Traditional Mortgage
587(5)
The Mismatch Problem and the Creation of Adjustable-Rate Mortgages
592(4)
The Tilt Problem and the Creation of Other Mortgage Instruments
596(4)
Default Risk for Mortgages
600(4)
Summary
604(1)
Questions
605(2)
Chapter 25: The Market for Mortgage Pass-Through Securities
607(26)
Development of the Secondary Mortgage Market
608(2)
Mortgage Pass-Through Securities
610(1)
Types of Mortgage Pass-Through Securities
611(3)
Prepayment Conventions and Cash Flow
614(9)
Factors Affecting Prepayment Behavior
623(3)
Secondary Market
626(1)
Prepayment Risks Associated With Pass-Through Securities
626(3)
Stripped Mortgage-Backed Securities
629(1)
Summary
630(1)
Questions
631(2)
Chapter 26: The Market for Collateralized Mortgage Obligations
633(22)
Sequential-Pay Tranches
634(5)
Accrual Bonds
639(2)
Floating Rate Tranches
641(4)
Planned Amortization Class Tranches
645(4)
Credit Risk
649(1)
Tax Considerations
649(1)
The CMO Market Today
649(1)
Summary
650(1)
Questions
651(4)
Chapter 27: The Market for Asset-Backed Securities
655(14)
Issues of and Collateral for Asset-Backed Securities
656(3)
Features of Asset-Backed Securities
659(2)
Benefits of Asset Securitization and Implications for Financial Markets
661(4)
Summary
665(1)
Questions
666(3)
Chapter 28: Exchange-Traded Interest Rate Futures and Options
669(24)
Interest Rate Futures Contracts
670(12)
Exchange-Traded Interest Rate Options
682(7)
Summary
689(1)
Questions
690(3)
Chapter 29: Over-the-Counter Interest Rate Derivative Markets
693(30)
Over-the-Counter Interest Rate Options
694(2)
Forward Rate Agreement
696(1)
Interest Rate Swaps
696(19)
Interest Rate Agreements
715(2)
Summary
717(1)
Questions
718(5)
Section VIII: Foreign Exchange Markets723
Chapter 30: Foreign Exchange Market
723(8)
Foreign Exchange Rates
724(2)
Foreign-Exchange Risk
726(1)
Spot Market
726(1)
Cross Rates
727(1)
Dealers
727(1)
The European Currency Unit
728(1)
Summary
729(1)
Questions
730(1)
Chapter 31: Instruments for Controlling Foreign-Exchange Risk
731
Currency Forward Contracts
732(5)
Currency Futures Contracts
737(1)
Currency Options Contracts
737(2)
Currency Swaps
739(5)
Summary
744(1)
Questions
745

Related Products


  • Capital Markets : Institutions and Instruments
    Capital Markets : Institutions...
  • Capital Markets : Institutions and Instruments
    Capital Markets : Institutions...
  • Capital Markets, Institutions and Instruments
    Capital Markets, Institutions ...
  • Outlines and Highlights for Capital Markets : Institutions and Instruments by Frank J Fabozzi, Franco Modigliani, ISBN
    Outlines and Highlights for Ca...


Please wait while this item is added to your cart...