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This comprehensive interface of traditional and modern approaches to securities analysis and portfolio management embraces a global approach and uses the unique feature of applying concepts to a continuous example, McDonald's Corporation. Salient Features A comprehensive, continuing illustration of a real company and real portfolio, McDonald's Corporation, demonstrate the application of the techniques of security analysis and portfolio management throughout the text. Expanded integration of international investing materials into chapters on equities, bonds, and derivatives. Updated information on the latest developments in taxation and accounting that are relevant to securities analysis and investing. Expanded materials on derivatives to include newer option forms and discussion of the general subject of financial engineering