836                                                    23

 

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' Sumner N. Levine, ed.. Financial Analyst's Handbook I (Homewood, IL: Dow Jones-lrwin, 1975).

2 William . Norby, Overview of Financial Analysis, in Levine, Financial Analyst's Handbook I, p. 3.

3          :  -
,      ,    -
        ,   -
 . .: Michati . Jensen and William H. Meckling, Theory of the Firm: Managerial
Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, 3, no. 4 (October
1976), pp. 305-360.

4     ,   (,  
   ), . : Edward M. Miller, Portfolio Selection in a Fluctuating Economy,
Financial Analysts Journal, 34, no. 3 (May/June 1978), pp. 77-83.

5       CFA,   Institute of Chartered Financial
Analysts.   P.O. Box 3668, Charlottesville, VA 22903. .: (804) 977-6600. -
  ,       : The CFA
Candidate Study and Examination Program Review.

'        (..    
  ).

7        1 (17,5)      (15)
       (100).   
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8        . , -
  Dow Jones 20     10  
10  .  ,     
,   : Merrill Lynch, Salomon Brothers, Lehman
Brothers, Standard & Poor's  .      .  . 25 (,
. 25.9)  John Markese, The Complexities of Bond Market Indicators, AAII Journal, 14, no. 9
(October 1992), pp. 34-36.