Appropriate for courses in Capital or Financial Markets or Institutions, Investment Banking and Derivatives Markets. * Fabozzi and Modigliani describe all phases of the capital market, including the instruments, institutions and valuation of instruments. * The text offers the most comprehensive capital market coverage available. It covers the instruments, the players, and the principles of valuation with an excellent blend of theory and practice. The Second Edition expands upon the topics covered in the first and updates all material to reflect the latest financial trends and developments.