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 146
... rates ? Does the Fed have complete control over U.S. interest rates ; that is , can it set rates at any level it chooses ? INTEREST RATE LEVELS AND STOCK PRICES Interest rates have two effects on corporate profits : ( 1 ) Because ...
... rates ? Does the Fed have complete control over U.S. interest rates ; that is , can it set rates at any level it chooses ? INTEREST RATE LEVELS AND STOCK PRICES Interest rates have two effects on corporate profits : ( 1 ) Because ...
Page 353
... stock becomes available , these 1,000 analysts generally receive and evaluate it at about the same time . Therefore , the price of a stock will adjust almost immediately to any new development . Levels of Market Efficiency If markets ...
... stock becomes available , these 1,000 analysts generally receive and evaluate it at about the same time . Therefore , the price of a stock will adjust almost immediately to any new development . Levels of Market Efficiency If markets ...
Page 682
... stock dividend , the holder of 100 shares would receive an additional 5 shares ( without cost ) ; on a 20 percent ... price per share all decline . If a firm wants to reduce the price of its stock , should it use a stock split or a stock ...
... stock dividend , the holder of 100 shares would receive an additional 5 shares ( without cost ) ; on a 20 percent ... price per share all decline . If a firm wants to reduce the price of its stock , should it use a stock split or a stock ...
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