Includes bibliographical references and index.

Part I: INTRODUCTION.

1. The Role and Objective of Financial Management.

2. The Domestic and International Financial Marketplace.

Appendix 2A: Taxes.

3. Evaluation of Financial Performance.

4. Financial Planning and Forecasting.

Part II: DETERMINANTS OF VALUATION.

5. The Time Value of Money.

Appendix 5A: Continuous Compounding and Discounting.

6. Fixed Income Securities: Characteristics and Valuation.

7. Common Stock: Characteristics, Valuation, and Issuance.

8. Analysis of Risk and Return.

Part III: THE CAPITAL INVESTMENT DECISION.

9. Capital Budgeting and Cash Flow Analysis.

Appendix 9A: Depreciation.

10. Capital Budgeting: Decision Criteria and Real Option Considerations.

Appendix 10A: Mutually Exclusive Investments Having Unequal Lives.

11. Capital Budgeting and Risk.

Part IV: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY.

12. The Cost of Capital.

13. Capital Structure Concepts.

14. Capital Structure Management in Practice.

Appendix 14A: Breakeven Analysis.

15. Dividend Policy.

Part V: WORKING CAPITAL MANAGEMENT.

16. Working Capital Policy and Short-Term Financing.

17. The Management of Cash and Marketable Securities.

18. The Management of Accounts Receivable and Inventories.

Part VI: ADDITIONAL TOPICS IN CONTEMPORARY FINANCIAL MANAGEMENT.

19. Lease and Intermediate-Term Financing.

20. Financing with Derivatives.

Appendix 20A: The Black-Scholes Option Pricing Model.

Appendix 20B: Bond Refunding Analysis.

21. Risk Management.

22. International Financial Management.

23. Corporate Restructuring.

This book provides a comprehensive and contemporary introduction to financial management, focusing on value creation, risk management, and effectively managing cash flows, the international aspects of financial management, the ethical context of managerial decision-making, and the increased impact of the Internet in business practice