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 219
... risk is the stock's diversifiable , or company - specific , risk , and rational investors will eliminate its effects by holding diversified portfolios of stocks . 3. The regression coefficient , b ( the beta coefficient ) , is a market ...
... risk is the stock's diversifiable , or company - specific , risk , and rational investors will eliminate its effects by holding diversified portfolios of stocks . 3. The regression coefficient , b ( the beta coefficient ) , is a market ...
Page 509
... risk and market risk ? QUESTIONS What is meant by the term " unleveraged asset beta , " and how does its value differ from a project beta ? From the firm's stock beta ? Briefly describe the pure play method for estimating a project's market ...
... risk and market risk ? QUESTIONS What is meant by the term " unleveraged asset beta , " and how does its value differ from a project beta ? From the firm's stock beta ? Briefly describe the pure play method for estimating a project's market ...
Page 532
... risk ? Explain . f . ( 1 ) Based on your judgment , what do you think the project's correlation coefficient would be with the general economy and thus with returns on " the market " ? ( 2 ) How would this correlation affect the project's ...
... risk ? Explain . f . ( 1 ) Based on your judgment , what do you think the project's correlation coefficient would be with the general economy and thus with returns on " the market " ? ( 2 ) How would this correlation affect the project's ...
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