目次

PART 1 INTRODUCTION 1 The Financial Manager and the Firm 1 PART 2 FOUNDATIONS 2 The Financial System and the Level of Interest Rates 27 3 Financial Statements, Cash Flows, and Taxes 48 4 Analyzing Financial Statements 81 PART 3 VALUATION OF FUTURE CASH FLOWS AND RISK 5 The Time Value of Money 124 6 Discounted Cash Flows and Valuation 159 7 Risk and Return 200 8 Bond Valuation and the Structure of Interest Rates 238 9 Stock Valuation 270 PART 4 CAPITAL BUDGETING DECISIONS 10 The Fundamentals of Capital Budgeting 301 11 Cash Flows and Capital Budgeting 341 12 Evaluating Project Economics and Capital Rationing 380 13 The Cost of Capital 409 PART 5 WORKING CAPITAL MANAGEMENT AND FINANCING DECISIONS 14 Working Capital Management 441 15 How Firms Raise Capital 472 16 Capital Structure Policy 504 17 Dividends, Stock Repurchases, and Payout Policy 561 PART 6 BUSINESS FORMATION, VALUATION, AND FINANCIAL PLANNING 18 Business Formation, Growth, and Valuation 569 19 Financial Planning and Forecasting 606 PART 7 OPTIONS IN CORPORATE FINANCE AND INTERNATIONAL DECISIONS 20 Options and Corporate Finance 641 21 International Financial Management 671