New edition of a text devoted to the three main issues involved in investment analysis in the capital markets, i.e. security selectivity (security valuation models), portfolio diversification (the portfolio composition of the selected securities), and dynamic assets allocation of stocks, bonds, and cash. Twenty-five chapters discuss the investment environment, return and risk, expanding the portfolio universe, efficient markets and portfolio performance, security analysis, and options, futures, and financial engineering. Annotation c. Book News, Inc., Portland, OR (booknews.com)