Financial Management: Theory & Practice with CD

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Written for and praised by students just like you, FINANCIAL MANAGEMENT: THEORY AND PRACTICE  gives you relevant, practical, and easy-to-understand information covering all of the financial management topics you need to succeed in thiscourse. Underlying theory is presented first in an accessible style and then followed by the practical application. Key Features 1 New chapter organization. The chapter on financial statement analysis is moved up as are the two chapters on risk, which now fall immediately prior to the stock valuation chapter, since risk and stock return are closely linked 2 Self-test problems are now added at the ends of sections. Answers are given with the problem, and worked-out solutions are found in the chapter's Excel Tool Kit. 3 Web Extensions. Each Web Extension is now focused on a single topic, so instructors can assign just that additional topic if they so choose 4 Spreadsheet Models. Each chapter (except Ch. 1) is accompanied by spreadsheet models that facilitate student problem solving and comprehension Table of Contents Part One: FUNDAMENTAL CONCEPTS OF FINANCIAL MANAGEMENT. 1. An Overview of Financial Management and the Financial Environment. 2. Time Value of Money. 3. Financial Statements, Cash Flow, and Taxes. 4. Analysis of Financial Statements. Part Two: SECURITIESAND THEIR VALUATION. 5. Bonds, Bond Valuation, and Interest Rates. 6. Risk, Return, and the Capital Asset Pricing Model. 7. Portfolio Theory and Other Asset Pricing Models. 8. Stocks, Stock Valuation, and Stock Market Equilibrium. 9. Financial Options and Applications in Corporate Finance. Part Three: PROJECTS AND THEIR VALUATION. 10. The Cost of Capital. 11. The Basics of Capital Budgeting: Evaluating Cash Flows. 12. Cash Flow Estimation and Risk Analysis. 13. Real Options. Part Four: CORPORATE VALUATION AND GOVERNANCE. 14. Financial Planning and Forecasting Financial Statements. 15. Corporate Valuation, Value-Based Management, and Corporate Governance. Part Five: STRATEGIC FINANCING DECISIONS. 16. Capital Structure Decisions: The Basics. 17. Capital Structure Decisions: Extensions. 18. Distributions to Shareholders: Dividends and Repurchases. Part Six: TACTICAL FINANCIAL DECISION. 19. Initial Public Offerings, Investment Banking, and Financial Restructuring. 20. Lease Financing. 21. Hybrid Financing: Preferred Stock, Warrants, and Convertibles. Part Seven: SPECIAL TOPICS.22. Working Capital Management. 23. Derivatives and Risk Management. 24. Bankruptcy, Reorganization, and Liquidation. 25. Mergers, LBOs, Divestitures, and Holding Companies. 26. Multinational Financial Management. APPENDIXES Appendix A: Solutions to Self Test Problems Appendix B: Answers to End-of-Chapter Problems Appendix C: Selected Equations and Data Appendix D: Values of the Areas Under the Standard Normal Distribution Function WEB CHAPTERS. 27. Providing and Obtaining Credit. 28. Advanced Issues in Cash Management and Inventory Control. 29. Pension Plan Management. 30. Financial Management in Not-for-Profit Businesses.