Financial Management: Theory and PracticeContinuing the four goals from the first edition, i.e. helping students to make good financial decisions, providing a solid text for the introductory MBA course, motivating students by demonstrating finance is relevant and interesting, and presenting the material clearly, this Tenth Edition promises to be the best yet. Written by a highly-acclaimed, best selling, author team, this text remains the only MBA-level text to present a balance of financial theory and applications. |
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Page 251
... Equation 7-3 represents the application of Equation 7-1 to each indi- vidual payment of the annuity . In other words , each term is the compounded amount of a single payment , with the superscript in each term indicating the number of ...
... Equation 7-3 represents the application of Equation 7-1 to each indi- vidual payment of the annuity . In other words , each term is the compounded amount of a single payment , with the superscript in each term indicating the number of ...
Page 335
... Equation 9-1 as set forth previously - in other words , we can find the expected future cash flow stream ( the dividends ) , then calculate the present value of each dividend payment , and finally sum these present values to find the ...
... Equation 9-1 as set forth previously - in other words , we can find the expected future cash flow stream ( the dividends ) , then calculate the present value of each dividend payment , and finally sum these present values to find the ...
Page 879
... Equation 23-4 may be rewritten as N = S / 2A , and then substituted into Equation 23-6 : S Total ordering cost = TOC = F ( 2A ( 23-7 ) To illustrate the use of Equation 23-7 , if F = $ 100 , S = 120,000 units , and A = 15,000 units ...
... Equation 23-4 may be rewritten as N = S / 2A , and then substituted into Equation 23-6 : S Total ordering cost = TOC = F ( 2A ( 23-7 ) To illustrate the use of Equation 23-7 , if F = $ 100 , S = 120,000 units , and A = 15,000 units ...
Contents
CHAPTER | 1 |
AN OVERVIEW OF FINANCIAL MANAGEMENT | 3 |
CHAPTER | 17 |
Copyright | |
49 other sections not shown
Common terms and phrases
12 percent after-tax analysis annual annuity assume average balance sheet bank beta beta coefficient bonds capital budgeting capital gains capital structure CAPM Chapter common equity common stock company's corporate cost of capital cost of equity coupon decision depreciation discussed dividend policy dollar EBIT effect Equation estimate example expected rate expected return financial calculator Financial Management firm firm's fixed assets flotation costs forecast free cash flow funds future growth rate higher income increase inflation interest rates inventory investment investors issue lease leverage loan long-term market risk market value maturity MicroDrive MicroDrive's million NOPAT Note operating payments payout portfolio preferred stock present value problem profit rate of return ratio required rate retained earnings risk premium risk-free rate risky securities SELF-TEST QUESTIONS sell share shareholders short-term stock price stockholders tax rate WACC yield yield to maturity zero