This book provides a solid theoretical framework around which to build practical knowledge of securities and securities markets. It offers a balanced presentation of theory and practice and it explains to students the essentials of prominent investment concepts. Just as importantly, it explains how those concepts are applied by professional investors. Further, the book reviews a wide range of empirical studies that connect the academic to the practitioner. Numerous examples enhance students' understanding of important ideas. This book provides a solid theoretical framework around which to build practical knowledge of securities and securities markets. It offers a balanced presentation of theory and practice and it explains to students the essentials of prominent investment concepts. Just as importantly, it explains how those concepts are applied by professional investors. Further, the book reviews a wide range of empirical studies that connect the academic to the practitioner. Numerous examples enhance students' understanding of important ideas. Key Benefit: This book provides a solid theoretical framework around which to build practical knowledge of securities and securities markets. Gives a comprehensive treatment of prominent financial instruments, securities markets, and investment management techniques. Key Topics: It offers a balanced presentation of theory and practice and it explains the essentials of prominent investment concepts. Just as importantly, it explains how those concepts are applied by professional investors. Further, the book reviews a wide range of empirical studies that connect the academic to the practitioner.