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Introduction to Foundations of Financial Management The Ties that Bind | |
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Goal of the Firm | |
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Legal Forms of Business Organizations | |
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Federal Income Taxation | |
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Nine Axioms that form the Foundations of Financial Management | |
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Overview of the Text | |
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The Financial Markets and Interest Rates | |
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The Mix of Corporate Securities Sold in the Capital Market | |
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Why Financial Markets Exist | |
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Financing of Business: The Movement of Funds Through the Economy | |
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Components of the U.S. Financial Market System | |
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The Investment Banker | |
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Private Placements | |
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Flotations Cost | |
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Regulation | |
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More Recent Regulatory Developments | |
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Rates of Return in the Financial Markets | |
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Interest Rate Determinants in a Nutshell | |
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The Term Structure of Interest Rates | |
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Evaluating a Firm's Financial Performance and Measuring Cash Flow | |
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Basic Financial Statements | |
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Financial Ratio Analysis | |
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Financial Forecasting, Planning, and Budgeting | |
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Financial Forecasting | |
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Financial Planning and Budgeting | |
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Computerized Financial Planning | |
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The Time Value of Money | |
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Compound Interest | |
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Compound Interest with Non-Annual Periods | |
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Present Value | |
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Annuities | |
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Amortized Loans | |
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Present Value of an Uneven Stream | |
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Perpetuities | |
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Valuation and Characteristics of Bonds | |
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Definitions of Value | |
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Valuatiion: An Overview | |
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Valuation: The Basic Process | |
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Terminology and Characteristics of Bonds | |
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Typed of Bonds | |
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Bond Valuation | |
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Bondholder's Expected Rates of Return | |
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Bond Valuation: Three Important Relationships | |
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Valuation and Characteristics of Stock | |
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Preferred Stock | |
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Common Stock | |
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Stockholder's Expected Rate of Return | |
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The Meaning and Measurement of Risk and Return | |
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Expected Return | |
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Risk | |
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The Investor's Required Rate of Return | |
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Fama and French: What Now? Rates of Return: The Investor's Experience | |
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Capital-Budgeting Techniques and Practice | |
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Finding Profitable Projects | |
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Capital-Budgeting Decision Criteria | |
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Capital Rationing | |
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Ethics in Capital Budgeting | |
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A Glance at Actual Capital- Budgeting Practices | |
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Cash Flows and Other Topics in Capital Budgeting | |
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Guidelines for Capital Budgeting | |
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Measuring a Project's Benefits and Costs | |
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Risk and the Investment Decision | |
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Methods for Incorporating Risk into Capital Budgeting | |
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The Risk-Adjusted Discount Rate and Measurement of a Project's Systematic Risk | |
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Examining a Project's Risk Through Simulation | |
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Cost of Capital | |
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The Cost-of-Capital Concept | |
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Factors Determining the Cost-of-Capital Sources | |
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Assumptions of the Weighted Cost-of-Capital Model | |
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Computing the Weighted Cost of Capital | |
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Marginal Cost of Capital: A Comprehensive Example | |
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A Firm's Cost of Capital: Recent Evidence | |
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Determining the Financing Mix | |
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Business and Financial Risk | |
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Breakeven Analysis | |
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Operating Leverage | |
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Financial Leverage | |
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Combinination of Operating and Financial Leverage | |
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A Quick Look at Capital Structure Theory | |
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Basic Tools of Capital Structure Management | |
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A Glance at Actual Capital Structure Management | |
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Dividend Policy and Internal Financing | |
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Key Terms | |
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Does Dividend Policy Affect Stock Prices? The Dividend Decision in Practice | |
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Dividend Payment Procedures | |
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Stock Dividends and Stock Splits | |
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Stock Repurchases | |
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Introduction to Working-Capital Management | |
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Managing Current Assets and Liabilities | |
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Appropriate Level of Working Capital | |
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Estimation of the Cost of Short-Term Credit | |
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Sources of Short-Term Credit | |
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Liquid Asset Management | |
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Why a Company Holds Cash | |
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Cash Management Objectives and Decisions | |
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Collection and Disbursement Procedures | |
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Evaluation of Costs of Cash-Management Services | |
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Composition of Marketable Securities Portfolio | |
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Accounts Receivable Management | |
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Inventory Management | |
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Jus-in-Time Inventory Control | |
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International Business Finance | |
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Principles of International Trade | |
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Problems in International Financial Management | |
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Changes and Challenges In Finance | |
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Recent Innovations in Risk Management | |
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Finance in the 90's: The Consequences of Financial Innovation in Corporated Restructuring | |
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Recent Innovations in Raising Capital: Hybrid Securities | |
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The Agency Problem: Changes and Challenges | |
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The CAPM and Market Efficiency: The Challenges from Academia | |
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Appendices: Using a Calculator | |
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Compound Sum of $1 | |
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Present Value of $1 | |
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Sum of an Annuity of $1 for n Periods | |
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Present Value of an Annuity of $1 for n Periods | |
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Check Figures for Selected End-of-Chapter Problems | |
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Glossary | |
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Index | |