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
Results 1-3 of 89
Page 260
... Future Value of an Uneven Cash Flow Stream The future value of an uneven cash flow stream ( sometimes called the terminal value ) is found by compounding each payment to the end of the stream and then summing the future values : FV1 ...
... Future Value of an Uneven Cash Flow Stream The future value of an uneven cash flow stream ( sometimes called the terminal value ) is found by compounding each payment to the end of the stream and then summing the future values : FV1 ...
Page 381
... future.6 Another method for estimating g is called the retention growth rate method . Here we first forecast the firm's average future dividend payout ratio and its complement , the retention rate , and then multiply the retention rate ...
... future.6 Another method for estimating g is called the retention growth rate method . Here we first forecast the firm's average future dividend payout ratio and its complement , the retention rate , and then multiply the retention rate ...
Page 479
... future opportunities . To illustrate , consider the situation recently faced by Royal Dutch Petroleum when it was deciding whether or not to open a newly discovered oil field . The exploratory work had already been done , so the company ...
... future opportunities . To illustrate , consider the situation recently faced by Royal Dutch Petroleum when it was deciding whether or not to open a newly discovered oil field . The exploratory work had already been done , so the company ...
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