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 130
... interest rates to record levels . The economy from 1984 to 1987 was fairly strong , but declining fears about inflation more than offset the normal tendency of interest rates to rise during good economic times , and the net result was ...
... interest rates to record levels . The economy from 1984 to 1987 was fairly strong , but declining fears about inflation more than offset the normal tendency of interest rates to rise during good economic times , and the net result was ...
Page 136
... interest rates can and do occasionally rise , all long - term bonds , even Treasury bonds , have an element of risk called interest rate risk . As a general rule , the bonds of any organization , from the U.S. government to Continental ...
... interest rates can and do occasionally rise , all long - term bonds , even Treasury bonds , have an element of risk called interest rate risk . As a general rule , the bonds of any organization , from the U.S. government to Continental ...
Page 146
... interest rates , and explain the effects of each . How does the Fed stimulate the economy ? How does the Fed affect interest rates ? Does the Fed have complete control over U.S. interest rates ; that is , can it set rates at any level ...
... interest rates , and explain the effects of each . How does the Fed stimulate the economy ? How does the Fed affect interest rates ? Does the Fed have complete control over U.S. interest rates ; that is , can it set rates at any level ...
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