Contemporary Financial Management

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.