ABOUT THE AUTHORS Zvi Bodie Boston University Zvi Bodie is the Norman and Adele Barron Professor of Management at Boston University. He holds a PhD from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT’s Sloan School of Management. Professor Bodie has published widely on pension finance and investment strategy in leading professional journals. In cooperation with the Research Foundation of the CFA Institute, he has recently produced a series of webcasts and a monograph entitled “The Future of Life Cycle Saving and Investing.” Alex Kane University of California, San Diego Alex Kane is professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane’s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options. Alan J. Marcus Boston College Alan Marcus is the Mario J. Gabelli Professor of Finance in the Carroll School of Management at Boston College. He received his PhD in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT’s Sloan School of Management, and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. His consulting work has ranged from new-product development to provision of expert testimony in utility rate proceedings. He also spent two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk. He currently serves on the Research Foundation Advisory Board of the CFA Institute. Lorne N. Switzer John Molson School of Business, Concordia University Lorne N. Switzer is a professor of finance and holds the Van Berkom Endowed Chair in Small Cap Equities at the John Molson School of Business (JMSB) at Concordia University. He has published widely in the areas of investments, portfolio management, derivatives, and corporate governance in leading finance and economics journals, and serves on the editorial boards of European Financial Management and La Revue du FINANCIER. He has done consulting work for many business firms and government organizations including the Bourse de Montréal; Caisse de Dépot et Placement du Québec; AMI Partners, Inc.; Bank Credit Analysts Research Group; the C.D. Howe Institute; Keugler Kandestin LLC; Schlesinger, Newman, and Goldman; the Government of Canada; and the Gouvernement du Québec. He is a graduate of the Wharton School and obtained his PhD from the University of Pennsylvania in 1982. iv ABOUT THE AUTHORS Dana Boyko Rotman School of Management, University of Toronto Dana Boyko is an assistant professor, teaching stream, in finance at the Rotman School of Management at the University of Toronto. She has more than 25 years’ experience working in capital markets and portfolio management within BMO Financial Group, CIBC, and RBC Financial Group in a variety of roles, including private client portfolio manager, investment strategist, and investment manager oversight. She holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. She has taught CFA exam preparation courses at all three exam levels and is a past member of the board of directors of CFA Society Toronto. Christine A. Panasian Sobey School of Business, Saint Mary’s University Christine Panasian is an associate professor of finance at the Sobey School of Business at Saint Mary’s University, in Halifax, Nova Scotia. She received her PhD in finance from The Rawls College of Business