Investments, tenth edition



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  NEW IN THE TENTH EDITION 

  The following is a guide to changes in the Tenth Edition. 

This is not an exhaustive road map, but instead is meant to 

provide an overview of substantial additions and changes 

to coverage from the last edition of the text.  

bod61671_fm_i-xxviii.indd   xvii

bod61671_fm_i-xxviii.indd   xvii

7/31/13   7:22 PM

7/31/13   7:22 PM

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Preface

xviii


concerning the use of financial ratios as tools to evaluate 

firm performance.  



  Chapter 21 Option Valuation 

 We have added substantial new sections on risk-neutral 

valuation methods and their implementation in the bino-

mial option-pricing model, as well as the implications 

of the option pricing model for tail risk and financial 

instability.  




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