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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Measuring the return from a stock investment
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acceptance acquisition additional approach assume assumptions bad-debt losses bank bankruptcy costs beta Capital Budgeting capital gains capital markets capital structure capital-asset pricing model cash flows chapter common stock Corporate cost of capital cost of equity debt decision depreciation determine discount rate distribution of possible diversification dividend policy division earnings per share Economics equity capital estimates evaluation example excess return expected return expected value factors Financial and Quantitative financial manager firm firm's flotation costs funds greater illustrate income increase inflation interest rate internal rate inventory investment projects investment proposals investments in assets investors involved Journal of Finance leverage liquidity market portfolio market price market value marketable securities method million net-present value overall payments percent period present value probability distribution problem profitability index Quantitative Analysis rate of return ratio repurchase required rate required returns result risk-free rate risky investments standard deviation stockholders systematic risk valuation