From asset allocation to selecting investments in a global market, this book gives readers a solid foundation in finance and presents the same tools tools used extensively by professionals, organizations, and schools across the country. Filled with real-world illustrations and hands-on applications, this book takes a rigorous, empirical approach to modern topics such as investment instruments, capital markets, behavioral finance, international investing, globalization, the impact of the 2008 financial market crisis, etc. Practical and up-to-date, the book is an excellent resource for those with both a theoretical and practical need for investment expertise.   Chapter 1: Perspectives on Active and Passive Money Management Chapter 2: Analyzing the Macro-Finance Environment Chapter 3: Valuation, Expected Returns and the Dividend Discount Model Chapter 4: Historical Performance Analysis Chapter 5: Financial Statement Forecasting, Financial Analysis and Valuation Appendix A: The Time Value of Money and the Basics of Valuation Appendix B: Solutions to Selected Homework Problems