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 35
... common stockholders ' equity , or net worth , is a residual . For example , at the end of 1998 , Assets $ 2,000,000,000 Liabilities - Preferred stock = $ 1,064,000,000 - $ 40,000,000 = Common stockholders ' equity . $ 896,000,000 ...
... common stockholders ' equity , or net worth , is a residual . For example , at the end of 1998 , Assets $ 2,000,000,000 Liabilities - Preferred stock = $ 1,064,000,000 - $ 40,000,000 = Common stockholders ' equity . $ 896,000,000 ...
Page 330
... stock and an unlisted stock . Differentiate between primary and secondary markets . What is an IPO ? COMMON STOCK VALUATION Common stock represents an ownership interest in a corporation , but to the typical investor , a share of common ...
... stock and an unlisted stock . Differentiate between primary and secondary markets . What is an IPO ? COMMON STOCK VALUATION Common stock represents an ownership interest in a corporation , but to the typical investor , a share of common ...
Page 782
... common stock rather than by debt . However , they felt that the price of the company's common stock did not reflect its true worth , so they decided to sell a convertible security . They considered a convertible debenture but feared the ...
... common stock rather than by debt . However , they felt that the price of the company's common stock did not reflect its true worth , so they decided to sell a convertible security . They considered a convertible debenture but feared the ...
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