Investments, tenth edition

 1.7 

The Financial Crisis of 2008  15

Antecedents of the Crisis / Changes in Housing Finance / 

Mortgage Derivatives / Credit Default Swaps / The Rise 

of Systemic Risk / The Shoe Drops / The Dodd-Frank 

Reform Act

 1.8 

Outline of the Text  23

End of Chapter Material  24–27

CHAPTER 2

Asset Classes and Financial Instruments  28

 2.1 

The Money Market  29

Treasury Bills / Certificates of Deposit / Commercial 

Paper / Bankers’ Acceptances / Eurodollars / Repos and 

  Contents 

bod61671_fm_i-xxviii.indd   viii

bod61671_fm_i-xxviii.indd   viii

7/31/13   7:22 PM

7/31/13   7:22 PM

Final PDF to printer

---

Contents

ix

 5.1 

Determinants of the Level of Interest Rates  118

Real and Nominal Rates of Interest / The Equilibrium 

Real Rate of Interest / The Equilibrium Nominal Rate of 

Interest / Taxes and the Real Rate of Interest

 5.2 

Comparing Rates of Return for Different Holding 

Periods 122

Annual Percentage Rates / Continuous Compounding