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Bodie, Kane, and Marcus’ INVESTMENTS is the main textbook for the graduate/MBA investments market. It is acknowledged as one of the best mix of sensible and theoretical protection, whereas sustaining an applicable rigor and clear writing type. Its unifying theme is that safety markets are practically environment friendly, which means that the majority securities are often priced appropriately given their threat and return attributes. The textual content locations better emphasis on asset allocation, and presents a wider and deeper therapy of futures, choices, and different spinoff safety markets than most funding texts.

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