Contemporary Financial Management

by Moyer, R. Charles; McGuigan, James R.; Kretlow, William J.

• ISBN13: 9780324164701
• ISBN10: 032416470X
• Edition: CD
• Format: Hardcover
• Copyright: 2002-07-09
• Publisher: South-Western College Pub

Summary

The ninth edition of this successful text provides a comprehensive and contemporary introduction to financial management, focusing on shareholder wealth maximization and cash flow management, the international aspects of financial management, the ethical behavior of managers, and the increased impact of the Internet in business practice. In addition, content has been added or enhanced to reflect the changing focus on finance areas including topics such as discounted payback period, dividend practices of foreign firms, risk management, and real options.

Author Biography

R. Charles Moyer holds the Integon Chair in Finance and is Dean of the Babcock Graduate School of Management, Wake Forest University James R. Mcguigan owns and operates his own numismatic investment firm William J. Kretlow is an Associate Professor of Finance at the University of Houston

Table of Contents

Preface	xv
Part 1: Introduction
The Role and Objective of Financial Management	2	(29)
The Domestic and International Financial Marketplace	31	(31)
Appendix 2A: Taxes	58	(4)
Evaluation of Financial Performance	62	(50)
Part 2: Determinations of Valuation
The Time Value of Money	112	(42)
Appendix 4A: Continuous Compounding and Discounting	151	(3)
Analysis of Risk and Return	154	(45)
Fixed-Income Securities: Characteristics and Valuation	199	(38)
Appendix 6A: Bond Refunding Analysis	233	(4)
Common Stock: Characteristics, Valuation, and Issuance	237	(33)
Part 3: The Capital Investment Decision
Capital Budgeting and Cash Flow Analysis	270	(35)
Appendix 8A Depreciation	298	(7)
Capital Budgeting Decision Criteria and Real Option Considerations	305	(41)
Appendix 9A: Mutually Exclusive Investments Having Unequal Lives	341	(5)
Capital Budgeting and Risk	346	(30)
Part 4: The Cost of Capital, Capital Structure, and Dividend Policy
The Cost of Capital	376	(35)
Capital Structure Concepts	411	(29)
Capital Structure Management in Practice	440	(44)
Appendix 13A: Breakeven Analysis	473	(11)
Dividend Policy	484	(32)
Part 5: Working Capital Management and Financial Forecasting
Financial Forecasting and Working Capital Policy	516	(39)
The Management of Cash and Marketable Securities	555	(30)
Management of Accounts Receivable and Inventories	585	(32)
Short-and Intermediate-Term Funding Alternatives	617	(40)
Part 6: Advanced Topics in Contemporary Financial Management
Lease Financing	657	(20)
Financing with Derivatives	677	(26)
Appendix 20A: The Black-Scholes Option Pricing Model	699	(4)
International Financial Management	703	(20)
Corporate Restructuring	723	(35)
Tables	758	(5)
Glossary	763	(10)
Solutions to Self-Test Problems	773	(22)
Check Answers to Selected Problems	795	(2)
Index	797