Cover......Page 1
Brief Contents......Page 5
Contents......Page 7
About the Authors......Page 17
Preface......Page 19
Part 1 โข Fundamental Concepts......Page 33
Chapter 1: An Overview of Financial Management and the Financial Environment......Page 34
Web Extension 1A......Page 57
Chapter 2: Financial Statements, Cash Flow, and Taxes......Page 60
Chapter 3: Analysis of Financial Statements......Page 95
Chapter 4: Time Value of Money......Page 124
Web Extension 4a......Page 165
Web Extension 4B......Page 168
Web Extension 4C......Page 171
Chapter 5: Financial Planning and Forecasting Financial Statements......Page 184
Web Extension 5A......Page 211
Web Extension 5B......Page 218
Part 2 โข Securities and Their Valuation......Page 220
Chapter 6: Bonds, Bond Valuation, and Interest Rates......Page 221
Web Extension 6A......Page 255
Web Extension 6B......Page 257
web extension 6C......Page 261
Chapter 7: Risk, Return, and the Capital Asset Pricing Model......Page 264
Chapter 8: Stocks, Stock Valuation, and Stock Market Equilibrium......Page 309
Web Extension 8A......Page 339
Part 3 โข Projects and Their Valuation......Page 341
Chapter 9: The Cost of Capital......Page 342
Web Extension 9A......Page 373
Web Extension 9B......Page 376
Chapter 10: The Basics of Capital Budgeting: Evaluating Cash Flows......Page 378
Chapter 11: Cash Flow Estimation and Risk Analysis......Page 417
Web Extension 11A......Page 451
Part 4 โข Financing Activities......Page 455
Chapter 12: Capital Structure Decisions......Page 456
Web Extension 12A......Page 493
Web Extension 12B......Page 499
Chapter 13: Distributions to Shareholders: Dividends and Repurchases......Page 509
Chapter 14: Initial Public Offerings, Investment Banking, and Financial Restructuring......Page 537
Web Extension 14a......Page 566
Chapter 15: Lease Financing......Page 571
Web Extension 15A......Page 593
Web Extension 15B......Page 595
Web Extension 15C......Page 597
Chapter 16: Capital Market Financing: Hybrid and Other Securities......Page 599
Web Extension 16A......Page 622
Chapter 17: Working Capital Management and Short-Term Financing......Page 624
Chapter 18: Current Asset Management......Page 662
Web Extension 18A......Page 690
Web Extension 18B......Page 693
Web Extension 18C......Page 695
Part 5 โข Derivative Techniques......Page 700
Chapter 19: Financial Options and Applications in Corporate Finance......Page 701
Web Extension 19A......Page 720
Chapter 20: Enterprise Risk Management......Page 728
Web Extension 20A......Page 752
Part 6 โข Special Topics......Page 757
Chapter 21: International Financial Management......Page 758
Chapter 22: Corporate Valuation and Governance......Page 791
Chapter 23: Mergers, Acquisitions, and Restructuring......Page 819
Web Extension 23A......Page 849
Chapter 24: Decision Trees, Real Options, and Other Capital Budgeting Techniques......Page 859
Web Extension 24A......Page 882
Web Extension 24B......Page 890
Appendix A: Answers to End-of-Chapter Problems......Page 892
Appendix B: Selected Equations and Data......Page 896
Appendix C: Values of the Areas under the Standard Normal Distribution Function......Page 906
Glossary......Page 907
Name Index......Page 923
Subject Index......Page 926
Solutions to Concept Review Problems......Page 936