PART 1 The Scope and Environment of Financial Management 2
1 An Introduction to the Foundations of Financial Management 2
2 The Financial Markets and Interest Rates 18
3 Understanding Financial Statements and Cash Flows 46
4 Evaluating a Firm's Financial Performance 84
PART 2 The Valuation of Financial Assets 118
5 The Time Value of Money 118
6 The Meaning and Measurement of Risk and Return 156
7 The Valuation and Characteristics of Bonds 188
8 The Valuation and Characteristics of Stock 212
9 The Cost of Capital 234
PART 3 Investment in Long-Term Assets 264
10 Capital-Budgeting Techniques and Practice 264
11 Cash Flows and Other Topics in Capital Budgeting 302
PART 4 Capital Structure and Dividend Policy 336
12 Determining the Financing Mix 336
13 Dividend Policy and Internal Financing 372
PART 5 Working-Capital Management and International Business Finance 392
14 Short-Term Financial Planning 392
15 Working-Capital Management 412
16 Current Asset Management 436
17 International Business Finance 466
Appendix A: Using a Calculator 491
Glossary 503
Indexes 512