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 845
... loans to businesses are frequently written as 90 - day notes , in which case the loan must be repaid or renewed at the end of 90 days . Of course , if a borrower's financial position has deteriorated , the bank may refuse to renew the loan ...
... loans to businesses are frequently written as 90 - day notes , in which case the loan must be repaid or renewed at the end of 90 days . Of course , if a borrower's financial position has deteriorated , the bank may refuse to renew the loan ...
Page 851
... loan matures . This raises the effective rate on the loan . To illustrate , here is the setup for a one - year discount loan , with a 20 percent compensating balance which the firm would not otherwise hold on deposit : Discount interest ...
... loan matures . This raises the effective rate on the loan . To illustrate , here is the setup for a one - year discount loan , with a 20 percent compensating balance which the firm would not otherwise hold on deposit : Discount interest ...
Page 852
... loan , period . The truth in lending laws apply primarily to con- sumer as opposed to business loans . What are some different ways banks can calculate interest on loans ? What is a compensating balance ? What effect does a compensating ...
... loan , period . The truth in lending laws apply primarily to con- sumer as opposed to business loans . What are some different ways banks can calculate interest on loans ? What is a compensating balance ? What effect does a compensating ...
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