Portfolio Construction, Management, and Protection, ….doc

Portfolio Construction, Management, and Protection, 4th ed. Instructors’ Manual Table of Contents Key Points, Teaching Considerations, and Answers to Questions and Problems Chapter One The Process of Portfolio Management 1 Chapter Two Valuation, Risk, Return, and Uncertainty 3 Chapter Three Setting Portfolio Objectives 13 Chapter Four Investment Policy 19 Chapter Five The Mathematics of Diversification 37 Chapter Six Why Diversification is a Good Idea 47 Chapter Seven International Investment and Diversification 55 Chapter Eight The Capital Markets and Market Efficiency 65 Chapter Nine Picking the Equity Players 73 Chapter Ten Security Screening 76 Chapter Eleven Bond Pricing and Selection 78 Chapter Twelve The Role of Real Assets 86 Chapter Thirteen Revision of the Equity Portfolio 89 Chapter Fourteen Revision of the Fixed-Income Portfolio 96 Chapter Fifteen Principles of Options and Option Pricing 100 Chapter Sixteen Option Overwriting 106 Chapter Seventeen Performance Evaluation 111 Chapter Eighteen Fiduciary Duties and Responsibilities 116 Chapter Nineteen Principles of the Futures Market 126 Chapter Twenty Benching the Equity Players 129 Chapter Twenty-One Removing Interest Rate Risk 133 Chapter Twenty-Two Integrating Derivative Assets and Portfolio Management 137 Chapter Twenty-Three Contemporary Issues in Portfolio Management 143 Test Bank Chapter 1 148 Chapter 2 152 Chapter 3 166 Chapter 4 174 Chapter 5 179 Chapter 6 190 Chapter 7 193 Chapter 8 198 Chapter 9 204 Chapter 10 210 Chapter 11 213 Chapter 12 228 Chapter 13 233 Chapter 14 239 Chapter 15 246 Chapter 16 253 Chapter 17 263 Chapter 18 269 Chapter 19 272 Chapter 20 276 Chapter 21 281 Chapter 22 286 Chapter 23 289 List of Transparency Masters Please note: a complete s