Investments
Lecture 1: Background
Philip H. Dybvig
Washington University in Saint Louis
Introduction
The players
The assets
Security returns
In-line exercise: security returns
Adjusting for inflation: real returns
In-line exercise: real returns
Real Rates of Returns: Discussion
Measures of Mean Return
Volatility of returns
In-line exercise: mean return and volatility
Properties of stock returns
Stock return anomalies
International stocks
Properties of Treasury returns
Corporate bonds
International debt
Some tax issues
Alpha testing version: comments welcome
Copyright © Philip H. Dybvig 1997, 2000
Digital photograph courtesy Shannon Dybvig
Icons courtesy Megan Dybvig