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 151
... percent in 2001 , and 7 percent in 2002. The real risk - free rate , k * , is expected to remain at 2 percent over the next 5 years . Assume that no maturity risk premiums are required on bonds with 5 years or less to maturity . The ...
... percent in 2001 , and 7 percent in 2002. The real risk - free rate , k * , is expected to remain at 2 percent over the next 5 years . Assume that no maturity risk premiums are required on bonds with 5 years or less to maturity . The ...
Page 389
... percent or more . Huron should use 12.4 percent as its discount rate to determine the NPV of an average - risk project . 7 Suppose , however , that taking on a particular project would cause a change in Huron's beta coefficient , which ...
... percent or more . Huron should use 12.4 percent as its discount rate to determine the NPV of an average - risk project . 7 Suppose , however , that taking on a particular project would cause a change in Huron's beta coefficient , which ...
Page 400
... percent . Ortiz's CFO has calculated the company's WACC as 9.96 percent . What is the com- pany's cost of equity capital ? Tunney Industries can issue perpetual preferred stock at a price of $ 50 a share . The issue is expected to pay a ...
... percent . Ortiz's CFO has calculated the company's WACC as 9.96 percent . What is the com- pany's cost of equity capital ? Tunney Industries can issue perpetual preferred stock at a price of $ 50 a share . The issue is expected to pay a ...
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