<<

. 186
( 193 .)



>>

28. 1986 Level I CFA Study Guide, 14. 1987 Level I CFA Study Guide,
© 1986. © 1987.
29. 1986 Level I CFA Study Guide, 15. 1987 Level I CFA Study Guide,
© 1986. © 1987.
32. From various CFA exams. 17. 1988 Level I CFA Study Guide,
© 1988.
Chapter 10
18. 1986 Level I CFA Study Guide,
7. 1985 Level I CFA Study Guide, © 1986.
© 1985.
Chapter 13
8. 1985 Level I CFA Study Guide,
© 1985. 4. 1988 Level I CFA Study Guide,
13. From various CFA exams. © 1988.
14. From various CFA exams. 5.“8. From various CFA exams.
17. 1983 Level III CFA Study Guide, 9. 1988 Level I CFA Study Guide,
© 1983. © 1988.
18. 1981 Level I CFA Study Guide, 10. 1987 Level I CFA Study Guide,
© 1981. © 1987.
19. 1983 Level III CFA Study Guide, 11. 1986 Level I CFA Study Guide,
© 1983. © 1986.
20. 1983 Level III CFA Study Guide, 12. 1985 Level I CFA Study Guide,
© 1983. © 1985.
21. 1983 Level III CFA Study Guide, 13.“21. From various CFA exams.
© 1983.
Chapter 14
27. 1983 Level III CFA Study Guide,
5. 1984 Level III CFA Study Guide,
© 1983.
© 1984.
Bodie’Kane’Marcus: Appendixes B. References to CFA © The McGraw’Hill
Essentials of Investments, Questions Companies, 2003
Fifth Edition




765
Appendix B References to CFA Questions


16. 1984 Level III CFA Study Guide, 6. 1985 Level III CFA Study Guide,
© 1984. © 1985.
7. 1988 Level I CFA Study Guide,
Chapter 16
© 1988.
1.“3. 1998 Level I CFA Study Guide, 8. 1982 Level III CFA Study Guide,
© 1998. © 1982.
11. 1982 Level III CFA Study Guide, 9. From various CFA exams.
© 1982.
10. From various CFA exams.
16. 1986 Level III CFA Study Guide,
Chapter 20
© 1986.
1.“3. From various CFA exams.
Chapter 17
10. 1983 Level III Study Guide, © 1983.
1. 1988 Level I CFA Study Guide,
11. 1981 Level III Study Guide, © 1981.
© 1988.
2. 1988 Level I CFA Study Guide, Chapter 21
© 1988.
7. 1986 Level III Study Guide, © 1986.
3. From various CFA exams.
11. 1986 Level III Study Guide, © 1986.
4. From various CFA exams.
5. 1981 Level II CFA Study Guide,
© 1981.
Bodie’Kane’Marcus: Back Matter Index © The McGraw’Hill
Essentials of Investments, Companies, 2003
Fifth Edition




The Index
AIMR; see Association for Asset allocation”Cont.
A B
Investment Management and EMH, 268“269
Accounting earnings, 434, 456 Back-end load, 108
and Research life-cycle approach, 612
Accounting fraud, 435, 473, 474“475 Bad debt allowance, 472
Alexander, Sidney, 271 and portfolio performance, 173
Accounting income, 470 Balanced funds, 105
Allowance for bad debt, 472 with risk-free asset, 184“187
Accounting measure of Balance sheet, 452“454
Alpha, 227, 234, 246, 282“283 and risk tolerance, 154“155
depreciation, 471 financial institutions, 11“12
Altruism, 652 style analysis, 706“708
Accounting practices nonfinancial companies, 11“12
American Depository Receipts, 15, with two risky assets, 171“184
and accounting fraud, 435, 473, of U. S. households, 4“5
734, 737 covariance and correlation,
474“475 Balance sheet valuation methods, 414
American options, 495, 550, 556 171“175
international conventions, Bankers™ acceptances, 28
American Stock Exchange, 15“16, 46, mean-variance criterion,
474“477 Bank of Montreal, 373
65, 77, 496 178“184
national comparisons, 476 Bank One Corporation, 467
annual returns, 146 risk-return trade-off,
pro forma earnings, 475 Banks, 11
America Online, 433 177“178
and quality of earnings, 472“474 capital guidelines, 350
Ameritrade, 80 three rules for, 177
Accounts payable, 454 constraints and objectives,
Amihud, Yakov, 241, 275“276 using historical data,
Accounts receivable, 454 610, 611
Animal spirits, 261 175“176
Accounts-receivable-to-sales forward market, 571
Annual percentage rate, 32, Asset allocation funds, 105
ratio, 462 and immunization, 350
134“135, 307 Asset-backed bonds, 302
Accrual methods of accounting, 454 investment objectives, 605“606
Annuity factor, 303“304 Asset-backed securities, 16“17
Accrued interest, and bond prices, 298 and securitization, 17
Apple Computer, 67, 205, 258 Asset classes, 697
Acid-test ratio, 463 time deposits, 27“28
Appraisal ratio, 712 optimal combination, 129
Active bond management, 339 Banz, Rolf, 274
Arbel, Avner, 275 Asset plays, 404
contingent immunization, 364 Barber, Brad, 280
Arbitrage, 215, 242 Asset-pricing anomalies, 651
example of, 364“366 Barclays Global Investors, 113
and capital asset pricing Asset risk, 227
horizon analysis, 363 Bargaining power
model, 244 Assets
interest rate forecasting, 361“362 of buyers, 404“405
in futures markets, 575 on balance sheet, 452“453
sources of potential profit, of suppliers, 405
Arbitrage opportunity, 587 of individual investors, 601“602
361“363 Barings Bank, 489
Arbitrage portfolio, 244 investment, 8
taxonomy of, 362“363 Barrier options, 519
Arbitrage pricing theory, 216, liquidity, 606“607
Active investment management Barriers to entry, 404
241“250, 244“245 off-balance sheet, 473
and behavioral finance, 652“659 Barron™s, 669
and CAPM, 247 real vs. financial, 4“5
savings plan, 626“631 Basis, 579
criticisms of, 240 Asset turnover, 459
and tax shelters, 632“639 Basis risk, 579“580
multifactor generalization, Asset universe, 612
technical analysis, 659“676 Basu, Sanjoy, 274
247“250 Asset utilization ratio, 461“462
Active investment policy, 614“615 Bavishi, Vinod, 476
opportunities and profits, Association for Investment
Active portfolio, 701“702, 711“712 Bearer bonds, 299
242“244 Management and Research,
Active portfolio management, 10 Bear markets, 743“744
rational behavior assumption, 651 597, 599, 626
client-manager relationship, 597 Beebower, Gilbert, 706n
well-diversified portfolio, Code of Ethics, 600
and EMH, 267“268 Behavioral finance, 651
244“247 standards of professional
lure of, 699“702 aspects of individual behavior,
Arbitrage profit, 582 conduct, 90
and market inefficiency, 597 652“656
Arbitrage strategy, 549 AT&T, 36, 298, 467
with Treynor-Black model, asset returns
Arbitrageurs, 244n At-the-money options, 493
709“712 calendar effects, 656
ARCH models, 239 At-the-tail bid, 27
Adams, Paul, 408 cash dividends, 656
Arithmetic average, 133 Auction market, 15
Adjustable preferred stock, 300“301 mean reversion, 656“657
Arithmetic mean, 143 Treasury bill purchase, 27
Adjustable-rate mortgages, 37 overreaction, 656“657
Arizona Public Service Company, 373 Automated Bond System, 70
Adjusted betas, 238 controversial explanations
Arthur Andersen, 473 Auto parts industry data, 407
ADRs; see American closed-end funds, 657“658
Asian financial crisis, 382 Autoregressive conditional
Depository Receipts stock price volatility,
Asian options, 519 heteroscedasticity, 239n
Adverse selection, 645 658“659
Ask price, 14, 31“32, 67, 74, Average annual return, 9
After-tax rate of return, 607 definition, 652
296“297 Average collection period, 462
After-tax returns, 315“316 Benchmark, 283
Asset allocation, 8, 129, 148 Average excess returns, 157“158
After-tax yields, 35 Benchmark level of performance,
across broad asset classes, 695 Average first-day returns, 63, 64
Agency bonds, 301 694“695
across risky/risk-free portfolios, Average Indexed Monthly Income,
Agency debt, 32“33 Benchmark rate of return, 215
148“155 640, 641
Agency problem, 8, 39 Benchmark tax shelters, 632
asset categories, 611 Average rate of return, 212
Aggregate stock market valuation, Benveniste, Lawrence, 63n
changes over time, 616 Average returns, 142
439“441 Bequests, 646
decisions, 171, 697 Average security, 196


I-1
Bodie’Kane’Marcus: Back Matter Index © The McGraw’Hill
Essentials of Investments, Companies, 2003
Fifth Edition




I-2 Index

Berkshire Hathaway, 284 Bonds”Cont.
Bond pricing, 303“306 Bureau of Labor Statistics, 147
Bernard, Victor L., 278 and accrued interest, 298 unsecured, 36, 320 Business cycles, 261, 391
Bernard Madoff, 69 convexity, 305, 358“361 Yankee, 301 cyclical/defensive classification,
Bernstein, William J., 114 corporate bonds, 306 yield curve, 322“327 391“393
Berra, Yogi, 747 and default risk, 316“322 expectations theory, 323“325 cyclical indicators, 392
Berton, Lee, 50 and interest rate risk, 340“349 liquidity preference theory, depiction of, 400“401
Best customer limit orders, 77 interest rate sensitivity, 339, 325“326 industry sensitivity to, 398“400
Best-efforts agreement, 60 340“342 synthesis of theories, 327 leading economic indicators,
Beta, 193, 199, 226, 241 invoice price, 298 zero-coupon, 296, 314“315, 342, 393“396
average, 196n over time, 312“316 347“348 and P/E ratios, 435
criticism of, 240 after-tax returns, 315“316 Bond safety terminology for, 391
and market timing, 691“693 yield to maturity versus collateral, 318 Buyers™ bargaining power, 404“405
negative, 196 holding-period return, determinants, 318
predicting, 238“239 313“314 dividend restrictions, 318
C
ratio of risk premium to, 224“226 zero-coupon bonds, 314“315 protective covenants, 318“320
Beta coefficient, 222 Calendar effect, 656
and passive management, sinking funds, 319“320
Bet options, 520 Callable bonds, 31, 296, 299,
350“357 subordination clauses, 318
Bid 309“310, 512“514
present value formula, 303“304, Bond swaps
at-the-tail, 27 Callable equity linked notes, 513
312“313 intermarket spread swap, 362
competitive, 27 Callable stock, 41
Treasury bonds, 31“32 pure yield pickup swap, 362“363
noncompetitive, 27 Call options, 48“49, 51, 53, 492, 669
versus yield, 306 rate anticipation swap, 362
Bid-ask spread, 67, 74“75, 80 Black-Scholes pricing formula,
Bond ratings, 316“317 substitution swap, 362
Bidding, 653 545“546
key ratios, 318 tax swap, 363
Bid price, 14, 31“32, 67, 74, compared to warrants, 516“517
Bonds, 296 Bond yields
296“297 determinants of value, 534
asset-backed, 302 current, 298, 308“309
Bid yields, 309“310 hedge ratio, 550
as assets, 4 expected vs. promised, 318“320
Binary options, 520 straddle, 508
bearer, 299 horizon analysis, 312
Binomial model, 539 strategies, 506“508
Brady bonds, 17 yield to maturity, 298, 306“309
Binomial option pricing, 534“540 valuation, 532“534
bulldog bonds, 301 and bond price change,
Biotechnology industry, 401“402 value at expiration, 498“499
callable, 296, 512“514 340“341
Black, Fischer, 240, 241, 709 Call option valuation function, 532,
catastrophe, 302 calculating, 307“308
Black-Scholes pricing formula, 533, 550
characteristics, 301 and default risk, 320“322
540“546, 550, 704 Call price, 299
collateral trust, 320 versus holding-period return,
Black-Scholes pricing model Call protection, 299, 310
compared to preferred stock, 41, 313“314
empirical evidence, 556“557 Call provision, 299
300“301 and interest rate risk,
formula, 540“546 Campbell, John Y., 273
convertible, 36, 299“300, 340“342
hedge ratio, 550“552 Candlestick chart, 663“665
514“516 versus realized compound
performance determination, 557 Capacity utilization rate, 385, 392
and convexity, 358“361 yield, 310“312
portfolio insurance, 552“556 Capital allocation line, 152“153,
corporate, 298“300 Book, 62

<<

. 186
( 193 .)



>>