Fundamentals of Financial Management PDF When the first edition of Fundamentals was published 31 years ago, we wanted to provide an introductory text that students would find interesting and easy to understand. Fundamentals immediately became the leading undergraduate finance text, and it has maintained that position ever since. Our goal with this edition was to produce a book and ancillary package that would maintain its lead and set a new standard for finance textbooks.
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When the first edition of Fundamentals was published 31 years ago, we wanted to provide an introductory text that students would find interesting and easy to understand. Fundamentals immediately became the leading undergraduate finance text, and it has maintained that position ever since. Our goal with this edition was to produce a book and ancillary package that would maintain its lead and set a new standard for finance textbooks.
Important changes in the financial environment have occurred since the last edition. New technology and increased globalization continue to transform practices and markets. Continued improvements in communications and transportation have made it easier for businesses to operate on a worldwide basis—a company can be headquartered in New York, develop products in India, manufacture them in China, and sell them anywhere in the world. This has led to major changes in the labor markets, especially to an increase in outsourcing, which has resulted in generally lower consumer prices; but it has caused job losses for some U.S. workers and gains for others. There have also been dramatic rises and falls in the stock market, and interest rates have remained low even as energy prices continue to rise. Corporate scandals have led to important changes in the laws governing corporate management and financial reporting, as well as to equally important changes in managerial compensation. These issues are discussed in this edition of Fundamentals, where we analyze them from financial and ethical perspectives.
Our target audience is undergraduate students taking their first, and often only, finance course. Some students will decide to major in finance and go on to take courses in investments, money and capital markets, and advanced corporate finance. Others will choose marketing, management, or some other nonfinance major. Still others will major in areas other than business and take finance and a few other business courses to gain information that will help them in law, real estate, and other fields.
Our challenge was to provide a book that serves all of these audiences well. Our conclusion was that we should focus on the core principles of finance (i.e., on basic topics such as the time value of money, risk analysis, and valuation). Moreover, we concluded that we should address these topics from two points of view: (1) as an investor who is seeking to make intelligent investment choices and (2) as a business manager trying to maximize the value of his or her firm’s stock. Note that both investors and managers need to know the same set of principles, so the core topics are important to students regardless of what they choose to do after they finish the course.
Table of Contents- Fundamentals of Financial Management PDF
PART 1 Introduction to Financial Management 1
CHAPTER 1 An Overview of Financial Management 2
PART 2 Fundamental Concepts in Financial Management 25
CHAPTER 2 Financial Markets and Institutions 26
CHAPTER 3 Financial Statements, Cash Flow, and Taxes 53
CHAPTER 4 Analysis of Financial Statements 84
CHAPTER 5 Time Value of Money 122
PART 3 Financial Assets 161
CHAPTER 6 Interest Rates 162
CHAPTER 7 Bonds and Their Valuation 194
CHAPTER 8 Risk and Rates of Return 229
CHAPTER 9 Stocks and Their Valuation 269
PART 4 Investing in Long-Term Assets: Capital Budgeting 305
CHAPTER 10 The Cost of Capital 306
CHAPTER 11 The Basics of Capital Budgeting 335
CHAPTER 12 Cash Flow Estimation and Risk Analysis 364
CHAPTER 13 Real Options and Other Topics in Capital Budgeting 398
PART 5 Capital Structure and Dividend Policy 415
CHAPTER 14 Capital Structure and Leverage 416
CHAPTER 15 Distributions to Shareholders: Dividends and Share Repurchases 456
PART 6 Working Capital Management and Financial Forecasting 487
CHAPTER 16 Working Capital Management 488
CHAPTER 17 Financial Planning and Forecasting 525
PART 7 Special Topics in Financial Management 551
CHAPTER 18 Derivatives and Risk Management 552
CHAPTER 19 Multinational Financial Management 592
CHAPTER 20 Hybrid Financing: Preferred Stock, Leasing, Warrants, and Convertibles 623
CHAPTER 21 Mergers and Acquisitions 655
APPENDIX A Solutions to Self-Test Questions and Problems A-1
APPENDIX B Answers to Selected End-of-Chapter Problems A-28
APPENDIX C Selected Equations and Tables A-32
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2022 update: We’re sorry, this book is currently not available!