Financial management and policy
KEY 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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FOUNDATIONS OF FINANC
Evolution of finance 2 Objective of the firm 6 Development of the book
Compound interest and the time value of money
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additional amount assume average balance bank bankruptcy costs beta bonds borrower Capital Budgeting capital markets capital structure capital-asset pricing model cash flows cash outflows chapter common stock convertible security corporate cost of capital creditors current assets decision depreciation determine discount rate dividend policy earnings per share effect equity evaluate excess returns expected return expected value factors Financial and Quantitative Financial Management financial ratios firm firm's fixed assets funds future greater income increase inflation interest rate internal rate inventory investment proposals investors issue Journal of Finance lender less leverage liabilities liquidity loan long-term debt market portfolio market price market value marketable securities maturity merger method million optimal overall percent period preferred stock premium present value probability distribution profitability purchase Quantitative Analysis rate of return required rate required return result risk-free rate risky sell short-term standard deviation stockholders systematic risk tax rate tax shield valuation