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 333
... zero growth , constant growth , and nonconstant growth . Stock Values with Zero Growth Suppose dividends are not expected to grow at all but to remain constant . Here we have a zero growth stock , for which the dividends expected in ...
... zero growth , constant growth , and nonconstant growth . Stock Values with Zero Growth Suppose dividends are not expected to grow at all but to remain constant . Here we have a zero growth stock , for which the dividends expected in ...
Page 713
... zero coupon bonds ( " zeros " ) , or original issue discount bonds ( OIDs ) . Cor- porations first used zeros in a major way in 1981. In recent years IBM , Alcoa , JCPenney , ITT , Cities Service , GMAC , Martin - Marietta , and many ...
... zero coupon bonds ( " zeros " ) , or original issue discount bonds ( OIDs ) . Cor- porations first used zeros in a major way in 1981. In recent years IBM , Alcoa , JCPenney , ITT , Cities Service , GMAC , Martin - Marietta , and many ...
Page 715
... zero coupon debt to the company . Conceptually , here is the situation : $ 649.93 $ 23.40 CF = 0 ( 1 + Kd ( AT ) ... zero coupon bond . — 8. Note that ka ( 1 − T ) = 9 % ( 0.6 ) = 5.4 % . As we saw in Chapter 10 , the cost of capital for ...
... zero coupon debt to the company . Conceptually , here is the situation : $ 649.93 $ 23.40 CF = 0 ( 1 + Kd ( AT ) ... zero coupon bond . — 8. Note that ka ( 1 − T ) = 9 % ( 0.6 ) = 5.4 % . As we saw in Chapter 10 , the cost of capital for ...
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