• Overview of Financial
• Management 1
Introduction to Financial Management 2

Part 2

• Understanding Financial Statements and Cash Flow 21
Financial Statements, Taxes, and Cash Flow 22
Working with Financial Statements 48

Part 3

• Valuation of Future Cash Flows 81
Introduction to Valuation: The Time Value of Money 82
Discounted Cash Flow Valuation 106

Part 4

• Valuing Stocks and Bonds 141
Interest Rates and Bond Valuation 142
Equity Markets and Stock Valuation 178

• Capital Budgeting 201
Net Present Value and Other Investment Criteria 202
Making Capital Investment Decisions 232

• Risk and Return 253
Some Lessons from Capital Market History 254
Risk and Return 284

• Long- Term Financing 319
Cost of Capital 320
Leverage and Capital Structure 342
Dividends and Dividend Policy 370
Raising Capital 392

• Short-Term Financial Management 417
Short-Term Financial Planning 418
Working Capital Management 446

• Topics in Business Finance
International Aspects of Financial Management 480

Appendices

Glossary 520
Name Index 526
Equation Index 527
Subject Index 529