Financial Management and PolicyKEY BENEFIT: This book is highly respected for its effective integration of financial theory and practice. This classic book explores the rapidly evolving and exciting theory of finance as it relates to a corporation's investment in assets, financing, and dividends. It explains the ways in which analytical techniques are brought to bear on financial decision making, and supplies the institutional material necessary for a solid understanding of the environment in which financial decisions are made. For anyone interested in the world of finance. |
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analysis arbitrage Arbitrage Pricing Theory Assets and Required assume assumptions bankruptcy costs beta borrowing calculations Capital Budgeting capital gains capital markets capital structure capital-asset pricing model cash flows CHAPTER common stock corporate cost of capital debt decision depreciation determine discount rate distribution of possible Dividend Policies EBIT effect evaluation excess returns expected return expected value factor Financial Economics Financial Management Financing and Dividend firm firm's Foundations of Finance funds greater income increase interest rate internal rate inventory investment projects investment proposals investors Journal of Finance leverage liquidity market portfolio market price market value marketable securities million net present value optimal option pricing overall payments percent period present value probability distribution problem profitability rate of return repurchase required rate Required Returns risk-free rate security market line standard deviation stock dividend stock price stockholders systematic risk tax rate tax shield terminal value Theory utility valuation weighted average zero