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. |
From inside the book
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Page 53
... Capital Gains versus Ordinary Income . Assets such as stocks , bonds , and real estate are defined as capital assets . If you buy a capital asset and later sell it for more than your purchase price , the profit is called a capital gain ...
... Capital Gains versus Ordinary Income . Assets such as stocks , bonds , and real estate are defined as capital assets . If you buy a capital asset and later sell it for more than your purchase price , the profit is called a capital gain ...
Page 54
... Capital gains tax rates have varied over time , but they have generally been lower than rates on ordinary income . The reason is simple - Congress wants the economy to grow , for growth we need investment in productive assets , and low ...
... Capital gains tax rates have varied over time , but they have generally been lower than rates on ordinary income . The reason is simple - Congress wants the economy to grow , for growth we need investment in productive assets , and low ...
Page 367
... capital gains when you answer this question . ) It is now January 1 , 1999. Wayne - Martin Electric Inc. ( WME ) has ... capital gains yield expected in 1999 , and the expected total return ( dividend yield plus capital gains yield ) for ...
... capital gains when you answer this question . ) It is now January 1 , 1999. Wayne - Martin Electric Inc. ( WME ) has ... capital gains yield expected in 1999 , and the expected total return ( dividend yield plus capital gains yield ) for ...
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