This textbook introduces the fundamentals of financial management, focusing on core principles like time value of money, risk analysis, and valuation from the perspectives of investors and
business managers. It addresses financial markets, methods used to estimate the cash flows that determine asset values, the determinants of interest rates, the basics of risk analysis, and the
basics of bond and stock valuation procedures, then practical implementation of these ideas, with discussion of cost of capital, capital budgeting, capital structure, dividend policy, working
capital management, financial forecasting, risk management, international operations, hybrids, and mergers and acquisitions. This edition incorporates recent events and their implications for
financial markets and corporate managers, key influences related to increased globalization and changing technology, new examples, expanded and updated tables of data, revised problems, new
internet problems, revised vignettes, updated tax discussion, a revised definition of debt ratio, more quick questions, and a revised Bigbee illustration to reflect lower interest rates, as
well as new features on the companion website. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
