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 38
... RETAINED EARNINGS Changes in retained earnings between balance sheet dates are reported in the state- ment of retained earnings . Table 2-3 shows that MicroDrive earned $ 113.5 million dur- ing 1998 , paid out $ 57.5 million in common ...
... RETAINED EARNINGS Changes in retained earnings between balance sheet dates are reported in the state- ment of retained earnings . Table 2-3 shows that MicroDrive earned $ 113.5 million dur- ing 1998 , paid out $ 57.5 million in common ...
Page 409
... Retained Earnings and New Common. 10 0 2 WACC MCC 6 1 8 10 Dollars of New Capital Raised Axis ' weighted average cost of capital , when it uses new retained earnings ( earnings retained this year , not in the past ) and also when it uses ...
... Retained Earnings and New Common. 10 0 2 WACC MCC 6 1 8 10 Dollars of New Capital Raised Axis ' weighted average cost of capital , when it uses new retained earnings ( earnings retained this year , not in the past ) and also when it uses ...
Page 410
... Retained Earnings and New Common Stock I. WACC when Equity Is from New Retained Earnings Common equity ( Retained earnings ) II . WACC when Equity Is from Sale of New Common Stock Common equity ( New common stock ) Marginal Cost of ...
... Retained Earnings and New Common Stock I. WACC when Equity Is from New Retained Earnings Common equity ( Retained earnings ) II . WACC when Equity Is from Sale of New Common Stock Common equity ( New common stock ) Marginal Cost of ...
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