TITLE : SCHAUM'S OUTLINE OF THEORY AND PROBLEMS OF INVESTMENTS.

PREFACE

This INVESTMENTS book is designed to aid investors, students of financial investing, and those studying for the Chartered Financial Analysts (CFA) exam. The book may be used as a textbook, a supplement to a textbook, a reference book, or a self-study tool.

In the Schaum's tradition, this book emphasizes solved problems. Many definitions, explanations, graphs, and realistic examples are provided too. But, question and answer sets and solved problems are the backbone of all Schaum's books. Often-times the answers to the solved problems cannot be determined from material covered in the preceding pages. The reader is expected to learn by reading the question and its solution.

This book has many numerical examples and problems that have quantitative answers. There are not as many essay questions and answers. This is in keeping with the Schaum's emphasis on solved problems. It is also appropriate because investment decision-making largely involves quantitative theories, financial planning that is denominated in dollars, and choices between quantitative alternatives.

We wrote INVESTMENTS to be a comprehensive monograph that does not favor any particular approach to investment analysis. At least one complete chapter is devoted to every major investments theory or school of thought.

We have labored to create a unique and valuable learning tool. But, we have not done it all ourselves. John Aliano, Schaum's Executive Editor; Meg Tobin,tSchaum's Senior Editing Supervisor; Maureen Walker, Front Matter Editor, and some expert reviewers who read earlier drafts of the book and made valuable criticisms and suggestions contributed significantly to this final product.

JACK CLARK FRANCIS RICHARD W. TAYLOR