Includes index.

Contents: Introduction to financial management -- An Overview of financial management -- Financial statements, cash flow, and taxes -- Analysis of financial statements -- The Financial environment: markets, institutions, and interest rates -- Fundamental concepts in financial management -- Risk and rates of return -- Appendix 5A: calculating beta coefficients -- Time value of money -- Appendix 6A: continuous compounding and discounting -- Financial assets -- Bonds and their valuation -- Appendix 7A: zero coupon bonds -- Appendix 7B: bankruptcy and reorganization -- Stocks and their valuation -- Investing in long-term assets: capital budgeting -- The Cost of capital -- The Basics of capital budgeting -- Cash flow estimation and other topics in capital budgeting -- Appendix 11A: depreciation -- Appendix 11B: refunding operations -- Capital structure and dividend policy -- Capital structure and leverage -- Appendix 12A: degree of leverage -- Dividend policy -- Financial planning and working capital management -- Financial forecasting -- Managing current assets -- Appendix 15A: the cash conversion cycle -- Financing current assets -- Appendix 16A: secured short-term financing -- Appendix A: Mathemetical tables -- Appendix B: Solutions to self-test problems -- Appendix C: Answers to end-of -chapter problems -- Appendix D: Selected equations and data.