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 331
... investor's estimate of the stock's expected dividend stream and the riskiness of that stream . Hence , whereas the market price Po is fixed and is identical for all investors , Po could differ among investors depending on how optimistic ...
... investor's estimate of the stock's expected dividend stream and the riskiness of that stream . Hence , whereas the market price Po is fixed and is identical for all investors , Po could differ among investors depending on how optimistic ...
Page 635
... investors from engaging in arbitrage , and that could cause the equilibrium values of VL , VU , KL , and ksu to be different from those specified by MM . Restrictions on insti- tutional investors , who dominate capital markets today ...
... investors from engaging in arbitrage , and that could cause the equilibrium values of VL , VU , KL , and ksu to be different from those specified by MM . Restrictions on insti- tutional investors , who dominate capital markets today ...
Page 772
... investors would have a gain of 20 ( $ 29.82 ) = $ 596.40 per bond at the end of Year 10. Here is a time line of the cash flow stream to an investor : ―― = 0 - $ 1,000 1 + $ 80 9 10 + 11 20 + + $ 80 + $ 80.00 + 596.40 + $ 676.40 + $ 80 + ...
... investors would have a gain of 20 ( $ 29.82 ) = $ 596.40 per bond at the end of Year 10. Here is a time line of the cash flow stream to an investor : ―― = 0 - $ 1,000 1 + $ 80 9 10 + 11 20 + + $ 80 + $ 80.00 + 596.40 + $ 676.40 + $ 80 + ...
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