MANAGING INVESTMENT PORTFOLIOS WORKBOOK
MANAGING
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
Third Edition
John L. Maginn, CFA
Donald L. Tuttle, CFA
Dennis W. McLeavey, CFA
Jerald E. Pinto, CFA
John Wiley & Sons, Inc.
MANAGING
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
The CFA Institute is the premier association for investment professionals around the world, with over 85,000 members in 129 countries. Since 1963 the organization has developed and administered the renowned Chartered Financial Analyst® Program. With a rich history of leading the investment profession, CFA Institute has set the highest standards in ethics, education, and professional excellence within the global investment community, and is the foremost authority on investment profession conduct and practice.
Each book in the CFA Institute Investment Series is geared toward industry practitioners along with graduate-level finance students and covers the most important topics in the industry. The authors of these cutting-edge books are themselves industry professionals and academics and bring their wealth of knowledge and expertise to this series.
MANAGING
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
Third Edition
John L. Maginn, CFA
Donald L. Tuttle, CFA
Dennis W. McLeavey, CFA
Jerald E. Pinto, CFA
John Wiley & Sons, Inc.
c
Copyright ⃝ 2007 by CFA Institute. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section
107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222
Rosewood Drive, Danvers, MA 01923, (978)
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
Third Edition
John L. Maginn, CFA
Donald L. Tuttle, CFA
Dennis W. McLeavey, CFA
Jerald E. Pinto, CFA
John Wiley & Sons, Inc.
MANAGING
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
The CFA Institute is the premier association for investment professionals around the world, with over 85,000 members in 129 countries. Since 1963 the organization has developed and administered the renowned Chartered Financial Analyst® Program. With a rich history of leading the investment profession, CFA Institute has set the highest standards in ethics, education, and professional excellence within the global investment community, and is the foremost authority on investment profession conduct and practice.
Each book in the CFA Institute Investment Series is geared toward industry practitioners along with graduate-level finance students and covers the most important topics in the industry. The authors of these cutting-edge books are themselves industry professionals and academics and bring their wealth of knowledge and expertise to this series.
MANAGING
INVESTMENT
PORTFOLIOS
WORKBOOK
A DYNAMIC PROCESS
Third Edition
John L. Maginn, CFA
Donald L. Tuttle, CFA
Dennis W. McLeavey, CFA
Jerald E. Pinto, CFA
John Wiley & Sons, Inc.
c
Copyright ⃝ 2007 by CFA Institute. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section
107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222
Rosewood Drive, Danvers, MA 01923, (978)