Because dividends are taxed at a higher rate than capital gains, as stock with a higher yields should have a higher expected return than a stock whose return is expected to result mostly from price appreciation. Adding yield to the traditional Security Market Line results in a "market plane"...

TABLE OF CONTENTS -- DEDICATION -- FOREWORD-MORE PROFITS IN COMMODITIES THAN STOCKS -- HOW TO MAKE PROFITS IN COMMODITIES-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER I-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER II-FORM READING -- CHAPTER III-FORECASTING COMMODITY MOVES -- CHAPTER...

Sound investment decisions require an in-depth knowledge of the financial markets and available financial instruments. This book provides students and professionals with an understanding of the role and activities of an equity security analyst within the investment process. Emphasis is on...