Efnisyfirlit

• Cover
  • Cover
• Front Matter
  • Copyright Page
  • Dedication
  • About the Authors
  • Bridging Theory and Practice
  • Applications That Reflect Real Practice
  • Teaching Every Student to Think Finance
  • Practice Finance to Learn Finance
  • Preface
  • Acknowledgments
• Interactive Media Contents
  • Interactive Media Contents
• Part 1: Introduction
  • Part 1: Introduction
• 1: Corporate Finance and the Financial Manager
  • Introduction: Corporate Finance and the Financial Manager
  • 1.1: Why Study Finance?
  • 1.2: The Four Types of Firms
  • 1.3: The Financial Manager
  • 1.4: The Financial Manager’s Place in the Corporation
  • 1.5: The Stock Market
  • 1.6: Financial Institutions
  • Summary and Assignments: Corporate Finance and the Financial Manager
• 2: Introduction to Financial Statement Analysis
  • Introduction: Introduction to Financial Statement Analysis
  • 2.1: Firms’ Disclosure of Financial Information
  • 2.2: The Balance Sheet
  • 2.3: The Income Statement
  • 2.4: The Statement of Cash Flows
  • 2.5: Other Financial Statement Information
  • 2.6: Financial Statement Analysis
  • 2.7: Financial Reporting in Practice
  • Summary and Assignments: Introduction to Financial Statement Analysis
• Part 2: Interest Rates and Valuing Cash Flows
  • Part 2: Interest Rates and Valuing Cash Flows
• 3: Time Value of Money: An Introduction
  • Introduction: Time Value of Money: An Introduction
  • 3.1: Cost-Benefit Analysis
  • 3.2: Market Prices and the Valuation Principle
  • 3.3: The Time Value of Money and Interest Rates
  • 3.4: Valuing Cash Flows at Different Points in Time
  • Summary and Assignments: Time Value of Money: An Introduction
• 4: Time Value of Money: Valuing Cash Flow Streams
  • Introduction: Time Value of Money: Valuing Cash Flow Streams
  • 4.1: Valuing a Stream of Cash Flows
  • 4.2: Perpetuities
  • 4.3: Annuities
  • 4.4: Growing Cash Flows
  • 4.5: Solving for Variables Other Than Present Value or Future Value
  • 4.6: Non-Annual Cash Flows
  • Summary and Assignments: Time Value of Money: Valuing Cash Flow Streams
• 4 Appendix: Using a Financial Calculator and our interactive Annuity Calculator
  • Introduction: Using a Financial Calculator and our interactive Annuity Calculator
• 5: Interest Rates
  • Introduction: Interest Rates
  • 5.1: Interest Rate Quotes and Adjustments
  • 5.2: Application: Discount Rates and Loans
  • 5.3: The Determinants of Interest Rates
  • 5.4: The Opportunity Cost of Capital
  • Summary and Assignments: Interest Rates
• 6: Bonds
  • Introduction: Bonds
  • 6.1: Bond Terminology
  • 6.2: Zero-Coupon Bonds
  • 6.3: Coupon Bonds
  • 6.4: Why Bond Prices Change
  • 6.5: Corporate Bonds
  • Summary and Assignments: Bonds
• 6 Appendix A: Solving for the Yield to Maturity of a Bond Using a Financial Calculator
  • Introduction: Solving for the Yield to Maturity of a Bond Using a Financial Calculator
• 6 Appendix B: The Yield Curve and the Law of One Price
  • Introduction: The Yield Curve and the Law of One Price
• 7: Stock Valuation
  • Introduction: Stock Valuation
  • 7.1: Stock Basics
  • 7.2: The Mechanics of Stock Trades
  • 7.3: The Dividend-Discount Model
  • 7.4: Estimating Dividends in the Dividend-Discount Model
  • 7.5: Limitations of the Dividend-Discount Model
  • 7.6: Share Repurchases and the Total Payout Model
  • 7.7: Putting It All Together
  • Summary and Assignments: Stock Valuation
  • Part 2: Integrative Case
• Part 3: Valuation and the Firm
  • Introduction: Valuation and the Firm
• 8: Investment Decision Rules
  • Introduction: Investment Decision Rules
  • 8.1: The NPV Decision Rule
  • 8.2: Using the NPV Rule
  • 8.3: Alternative Decision Rules
  • 8.4: Choosing Among Projects
  • 8.5: Evaluating Projects with Different Lives
  • 8.6: Choosing Among Projects When Resources Are Limited
  • 8.7: Putting It All Together
  • Summary and Assignments: Investment Decision Rules
• 8 Appendix: Creating the NPV Profile Using Excel’s Data Table Function
  • Introduction: Creating the NPV Profile Using Excel’s Data Table Function
• 9: Fundamentals of Capital Budgeting
  • Introduction: Fundamentals of Capital Budgeting
  • 9.1: The Capital Budgeting Process
  • 9.2: Forecasting Incremental Earnings
  • 9.3: Determining Incremental Free Cash Flow
  • 9.4: Other Effects on Incremental Free Cash Flows
  • 9.5: Analyzing the Project
  • 9.6: Real Options in Capital Budgeting
  • Summary and Assignments: Fundamentals of Capital Budgeting
• 9 Appendix: MACRS Depreciation
  • Introduction: MACRS Depreciation
• 10: Stock Valuation: A Second Look
  • Introduction: Stock Valuation: A Second Look
  • 10.1: The Discounted Free Cash Flow Model
  • 10.2: Valuation Based on Comparable Firms
  • 10.3: Stock Valuation Techniques: A Final Word
  • 10.4: Information, Competition, and Stock Prices
  • 10.5: Individual Biases and Trading
  • Summary and Assignments: Stock Valuation: A Second Look
  • Part 3: Integrative Case
• Part 4: Risk and Return
  • Introduction: Risk and Return
• 11: Risk and Return in Capital Markets
  • Introduction: Risk and Return in Capital Markets
  • 11.1: A First Look at Risk and Return
  • 11.2: Historical Risks and Returns of Stocks
  • 11.3: The Historical Tradeoff Between Risk and Return
  • 11.4: Common Versus Independent Risk
  • 11.5: Diversification in Stock Portfolios
  • Summary and Assignments: Risk and Return in Capital Markets
• 12: Systematic Risk and the Equity Risk Premium
  • Introduction: Systematic Risk and the Equity Risk Premium
  • 12.1: The Expected Return of a Portfolio
  • 12.2: The Volatility of a Portfolio
  • 12.3: Measuring Systematic Risk
  • 12.4: Putting It All Together: The Capital Asset Pricing Model
  • Summary and Assignments: Systematic Risk and the Equity Risk Premium
• 12 Appendix: Alternative Models of Systematic Risk
  • Introduction: Alternative Models of Systematic Risk
• 13: The Cost of Capital
  • Introduction: The Cost of Capital
  • 13.1: A First Look at the Weighted Average Cost of Capital
  • 13.2: The Firm’s Costs of Debt and Equity Capital
  • 13.3: A Second Look at the Weighted Average Cost of Capital
  • 13.4: Using the WACC to Value a Project
  • 13.5: Project-Based Costs of Capital
  • 13.6: When Raising External Capital Is Costly
  • Summary and Assignments: The Cost of Capital
  • Part 4: Integrative Case
• Part 5: Long-Term Financing
  • Introduction: Long-Term Financing
• 14: Raising Equity Capital
  • Introduction: Raising Equity Capital
  • 14.1: Equity Financing for Private Companies
  • 14.2: Taking Your Firm Public: The Initial Public Offering
  • 14.3: IPO Puzzles
  • 14.4: SPACs: A New Way to go Public
  • 14.5: Raising Additional Capital: The Seasoned Equity Offering
  • Summary and Assignments: Raising Equity Capital
• 15: Debt Financing
  • Introduction: Debt Financing
  • 15.1: Corporate Debt
  • 15.2: Other Types of Debt
  • 15.3: Bond Covenants
  • 15.4: Repayment Provisions
  • Summary and Assignments: Debt Financing
• 15 Appendix: Using a Financial Calculator to Calculate Yield to Call
  • Introduction: Using a Financial Calculator to Calculate Yield to Call
  • Part 5: Integrative Case
• Part 6: Capital Structure and Payout Policy
  • Introduction: Capital Structure and Payout Policy
• 16: Capital Structure
  • Introduction: Capital Structure
  • 16.1: Capital Structure Choices
  • 16.2: Capital Structure in Perfect Capital Markets
  • 16.3: Debt and Taxes
  • 16.4: The Costs of Bankruptcy and Financial Distress
  • 16.5: Optimal Capital Structure: The Tradeoff Theory
  • 16.6: Additional Consequences of Leverage: Agency Costs and Information
  • 16.7: Capital Structure: Putting It All Together
  • Summary and Assignments: Capital Structure
• 16 Appendix: The Bankruptcy Code
  • Introduction: The Bankruptcy Code
• 17: Payout Policy
  • Introduction: Payout Policy
  • 17.1: Cash Distributions to Shareholders
  • 17.2: Dividends Versus Share Repurchases in a Perfect Capital Market
  • 17.3: The Tax Disadvantage of Dividends
  • 17.4: Payout Versus Retention of Cash
  • 17.5: Signaling with Payout Policy
  • 17.6: Stock Dividends, Splits, and Spin-Offs
  • 17.7: Advice for the Financial Manager
  • Summary and Assignments: Payout Policy
  • Part 6: Integrative Case
• Part 7: Financial Planning and Forecasting
  • Introduction: Financial Planning and Forecasting
• 18: Financial Modeling and Pro Forma Analysis
  • Introduction: Financial Modeling and Pro Forma Analysis
  • 18.1: Goals of Long-Term Financial Planning
  • 18.2: Forecasting Financial Statements: The Percent of Sales Method
  • 18.3: Forecasting a Planned Expansion
  • 18.4: Growth and Firm Value
  • 18.5: Valuing the Expansion
  • Summary and Assignments: Financial Modeling and Pro Forma Analysis
• 18 Appendix: The Balance Sheet and Statement of Cash Flows
  • Introduction: The Balance Sheet and Statement of Cash Flows
• 19: Working Capital Management
  • Introduction: Working Capital Management
  • 19.1: Overview of Working Capital
  • 19.2: Trade Credit
  • 19.3: Receivables Management
  • 19.4: Payables Management
  • 19.5: Inventory Management
  • 19.6: Cash Management
  • Summary and Assignments: Working Capital Management
• 20: Short-Term Financial Planning
  • Introduction: Short-Term Financial Planning
  • 20.1: Forecasting Short-Term Financing Needs
  • 20.2: The Matching Principle
  • 20.3: Short-Term Financing with Bank Loans
  • 20.4: Short-Term Financing with Commercial Paper
  • 20.5: Short-Term Financing with Secured Financing
  • 20.6: Putting It All Together: Creating a Short-Term Financial Plan
  • Summary and Assignments: Short-Term Financial Planning
  • Part 7: Integrative Case
• Part 8: Special Topics
  • Introduction: Special Topics
• 21: Option Applications and Corporate Finance
  • Introduction: Option Applications and Corporate Finance
  • 21.1: Option Basics
  • 21.2: Option Payoffs at Expiration
  • 21.3: Factors Affecting Option Prices
  • 21.4: The Black-Scholes Option Pricing Formula
  • 21.5: Put-Call Parity
  • 21.6: Options and Corporate Finance
  • Summary and Assignments: Option Applications and Corporate Finance
• 22: Mergers and Acquisitions
  • Introduction: Mergers and Acquisitions
  • 22.1: Background and Historical Trends
  • 22.2: Market Reaction to a Takeover
  • 22.3: Reasons to Acquire
  • 22.4: The Takeover Process
  • 22.5: Takeover Defenses
  • 22.6: Who Gets the Value Added from a Takeover?
  • Summary and Assignments: Mergers and Acquisitions
• 23: International Corporate Finance
  • Introduction: International Corporate Finance
  • 23.1: Foreign Exchange
  • 23.2: Exchange Rate Risk
  • 23.3: Internationally Integrated Capital Markets
  • 23.4: Valuation of Foreign Currency Cash Flows
  • 23.5: Valuation and International Taxation
  • 23.6: Internationally Segmented Capital Markets
  • 23.7: Capital Budgeting with Exchange Rate Risk
  • Summary and Assignments: International Corporate Finance
• 24: Leasing
  • Introduction: Leasing
  • 24.1: The Basics of Leasing
  • 24.2: Accouting, Tax, and Legal Consequences of Leasing
  • 24.3: The Leasing Decision
  • 24.4: Reasons for Leasing
  • Summary and Assignments: Leasing
• 25: Insurance and Risk Management
  • Introduction: Insurance and Risk Management
  • 25.1: Insurance
  • 25.2: Commodity Price Risk
  • 25.3: Interest Rate Risk
  • Summary and Assignments: Insurance and Risk Management
• 26: Corporate Governance
  • Introduction: Corporate Governance
  • 26.1: Corporate Governance and Agency Costs
  • 26.2: Monitoring by the Board of Directors and Others
  • 26.3: Compensation Policies
  • 26.4: Managing Agency Conflict
  • 26.5: Regulation
  • 26.6: Corporate Governance Around the World
  • 26.7: The Tradeooff of Corporate Governance
  • Summary and Assignments: Corporate Governance
• Glossary

UM RAFBÆKUR Á HEIMKAUP.IS

Bókahillan þín er þitt svæði og þar eru bækurnar þínar geymdar. Þú kemst í bókahilluna þína hvar og hvenær sem er í tölvu eða snjalltæki. Einfalt og þægilegt!

Rafbók til eignar
Rafbók til eignar þarf að hlaða niður á þau tæki sem þú vilt nota innan eins árs frá því bókin er keypt.

Þú kemst í bækurnar hvar sem er
Þú getur nálgast allar raf(skóla)bækurnar þínar á einu augabragði, hvar og hvenær sem er í bókahillunni þinni. Engin taska, enginn kyndill og ekkert vesen (hvað þá yfirvigt).

Auðvelt að fletta og leita
Þú getur flakkað milli síðna og kafla eins og þér hentar best og farið beint í ákveðna kafla úr efnisyfirlitinu. Í leitinni finnur þú orð, kafla eða síður í einum smelli.

Glósur og yfirstrikanir
Þú getur auðkennt textabrot með mismunandi litum og skrifað glósur að vild í rafbókina. Þú getur jafnvel séð glósur og yfirstrikanir hjá bekkjarsystkinum og kennara ef þeir leyfa það. Allt á einum stað.

Hvað viltu sjá? / Þú ræður hvernig síðan lítur út
Þú lagar síðuna að þínum þörfum. Stækkaðu eða minnkaðu myndir og texta með multi-level zoom til að sjá síðuna eins og þér hentar best í þínu námi.



Fleiri góðir kostir
- Þú getur prentað síður úr bókinni (innan þeirra marka sem útgefandinn setur)
- Möguleiki á tengingu við annað stafrænt og gagnvirkt efni, svo sem myndbönd eða spurningar úr efninu
- Auðvelt að afrita og líma efni/texta fyrir t.d. heimaverkefni eða ritgerðir
- Styður tækni sem hjálpar nemendum með sjón- eða heyrnarskerðingu