Includes index.

Contents: Introduction to finance -- Financial institutions -- The Creation of financial assets -- Financial intermediaries -- The Federal reserve and the supply and cost of credit -- International finance -- The Role of security markets -- Investments -- The Time value of money -- Risk and it measurement -- Investing in long-term debt (bonds) -- Equity: preferred and common stock -- Valuation of stock -- Analysis of financial statements -- Derivatives -- Investment companies -- Corporate finance -- The Form of business and federal income taxation -- Leverage and the cost of capital -- Capital budgeting -- Capital budgeting: extensions and applications -- Planning: forecasting and budgeting -- Management of short-term assets -- Sources of short- and intermediate-term funds -- Mergers, divestitures, and overview of finance -- Appendix A: Interest factors for the future value of one dollar -- Appendix B: Interest factors for the present value of one dollar -- Appendix C: Interest factors for the future value of an annuity of one dollar -- Appendix D: Interest factors for the present value of an annuity of one dollar -- Appendix E: Answers to selected problems.