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TOC
Current
Table of Contents
About the Authors
Acknowledgements
Dedication
Preface
1
Why Finance?
1.1
Finance in the World
1.2
Finance in Business
1.3
The Role of a Financial Manager
1.4
End-of-Chapter Exercises
2
Ethics and Finance
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2.1
Ethics Foundations
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2.2
Ethics in Finance
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2.3
Ethics in Management
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2.4
International Considerations
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2.5
The Bigger Picture
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2.6
End-of-Chapter Exercises
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3
Financial Statements
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3.1
The Income Statement
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3.2
The Balance Sheet
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3.3
The Cash Flow Statement
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3.4
Other Statements
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3.5
Taxes
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3.6
Cash Flow
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3.7
Ratio Analysis
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3.8
DuPont Analysis and Comparisons
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3.9
Worked Problems: Niks 2 Inc.
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3.10
The Bigger Picture
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3.11
End-of-Chapter Exercises
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4
Pro Forma Statements
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4.1
Pro Forma Income Statement
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4.2
Pro Forma Balance Sheet
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4.3
Assessment of Pro Forma Statements
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4.4
The Bigger Picture
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4.5
End-of-Chapter Problems
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5
Time Value of Money: One Cash Flow
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5.1
Present Value and Future Value
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5.2
Principal and Interest
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5.3
Simple Interest
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5.4
Compound Interest
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5.5
Solving Compound Interest Problems
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5.6
Effective Interest Rates
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5.7
End-of-Chapter Problems
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6
Time Value of Money: Multiple Flows
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6.1
Multiple Cash Flows
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6.2
Perpetuities
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6.3
Annuities
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6.4
Loan Amortization
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6.5
The Bigger Picture
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6.6
End-of-Chapter Problems
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7
Securities Markets
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7.1
Financial Environment: Institutions and Markets
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7.2
Regulation of Financial Institutions
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7.3
Modern History of Financial Crises
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7.4
Types of Financial and Other Traded Assets
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7.5
The Bigger Picture
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7.6
End-of-Chapter Problems
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8
Interest Rates and Bond Valuation
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8.1
Bonds and Interest Rates
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8.2
Credit Risk
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8.3
Bond Yield
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8.4
Bond Valuation
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8.5
The Bigger Picture
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8.6
End-of-Chapter Problems
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9
Stock Valuation
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9.1
Common and Preferred Stock
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9.2
Dividend Discount Model
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9.3
Market Multiples Approach
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9.4
Free Cash Flow Approach
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9.5
The Bigger Picture
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9.6
End-of-Chapter Problems
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10
Assessing Risk
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10.1
Risk and Return Basics
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10.2
Portfolios
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10.3
Market Efficiency
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10.4
Standard Deviation
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10.5
Market History
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10.6
The Capital Asset Pricing Model (CAPM)
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10.7
The Bigger Picture
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10.8
End-of-Chapter Problems
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11
Cost of Capital
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11.1
Cost of Capital Overview
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11.2
Cost of Debt
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11.3
Cost of Preferred Stock
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11.4
Cost of Common Stock
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11.5
Weighted Average Cost of Capital (WACC)
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11.6
WACC and Investment Decisions
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11.7
The Bigger Picture
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11.8
End-of-Chapter Problems
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12
Capital Budgeting Decision Making
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12.1
Introduction to Capital Budgeting Techniques
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12.2
Payback Period
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12.3
Net Present Value
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12.4
Internal Rate of Return
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12.5
Other Methods
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12.6
Comparing Projects with Unequal Lives
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12.7
Approaches for Dealing with Risk
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12.8
The Bigger Picture
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12.9
End-of-Chapter Problems
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13
Capital Budgeting Cash Flows
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13.1
Which Cash Flows Should I Include?
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13.2
Capital Spending and Salvage Value
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13.3
Operating Cash Flows
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13.4
Changes in Net Working Capital
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13.5
Making the Investment Decision
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13.6
The Bigger Picture
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13.7
End-of-Chapter Exercises
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14
Raising Capital and Capital Structure
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14.1
Life Cycle of a Firm
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14.2
Leverage
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14.3
Capital Structure
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14.4
Choosing the Optimal Capital Structure
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14.5
The Bigger Picture
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14.6
End-of-Chapter Exercises
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15
Dividend Policy
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15.1
Dividend Basics
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15.2
Dividend Policy
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15.3
Other Forms of Dividends
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15.4
The Bigger Picture
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15.5
End-of-Chapter Exercises
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16
Cash and the Cash Conversion Cycle
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16.1
Financial Planning
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16.2
Cash Budgets
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16.3
Net Working Capital Basics
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16.4
Cash Conversion Cycle
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16.5
The Bigger Picture
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16.6
End-of-Chapter Exercises
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17
Current Assets and Current Liabilities Management
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17.1
Inventory Management
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17.2
Accounts Receivable Management
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17.3
Cash Management and Investing Idle Cash
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17.4
Accounts Payable Management
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17.5
Accruals Management
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17.6
Short-Term Loans (Unsecured)
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17.7
Secured Uses of Funds
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17.8
The Bigger Picture
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17.9
End-of-Chapter Exercises
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18
International Considerations
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18.1
Multinational Corporations
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18.2
Taxes and Reporting
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18.3
Exchange Rates
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18.4
Other Risk Factors
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18.5
Investment Decisions
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18.6
The Bigger Picture
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18.7
End-of-Chapter Exercises
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19
Derivatives and Hedging
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19.1
Futures and Forwards
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19.2
Options
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19.3
Convertible Securities
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19.4
Hedging Risk
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19.5
The Bigger Picture
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19.6
End-of-Chapter Exercises
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20
Mergers, Acquisitions, and Divestitures
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20.1
Mergers and Acquisitions
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20.2
Leveraged Buyouts
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20.3
Reorganization and Bankruptcy
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20.4
The Bigger Picture
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20.5
End-of-Chapter Exercises
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A
Review of Math Concepts
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A.1
What do you know? Math Pre-Test
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A.2
Review of Helpful Math Concepts
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A.3
Review of Elementary Algebra
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A.4
End-of-Chapter Assessment
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