Capital Investment and Financial Decisions / Edition 5

Capital Investment and Financial Decisions / Edition 5

by Sarnat Levy, Marshall S. Sarnat, Marshall S. Sarnat, Haim Levy
     
 

ISBN-10: 0131158821

ISBN-13: 9780131158825

Pub. Date: 07/28/1994

Publisher: Prentice Hall Professional Technical Reference

Offering a unique blend of theory and practice, Capital Investment and Financial Decisions describes the practical application of the modern theory of finance to realistic corporate decisions, made in uncertain environments, with particular reference to the allocation of the firm's long-term capital resources. In the fifth edition: A new chapter on short-term working…  See more details below

Overview

Offering a unique blend of theory and practice, Capital Investment and Financial Decisions describes the practical application of the modern theory of finance to realistic corporate decisions, made in uncertain environments, with particular reference to the allocation of the firm's long-term capital resources. In the fifth edition: A new chapter on short-term working capital management; real-world examples have been incorporated throughout the textbook to enhance the student's understanding of the material presented as well as increase the student's awareness of the material being discussed; consistent with the current low inflationary environment, inflation has been incorporated in the relevant chapters rather than an entire chapter being devoted to the topic; new problems and mini-cases have been added to every chapter; the relevant changes in the US tax code have been incorporated; the discussion of capital market theory has been updated to reflect current and ongoing research in this area; and boxed articles from the financial media are quoted, emphasizing the relevance of the studied material. Capital Investment and Financial Decisions, Fifth Edition, is for students of corporate finance, capital budgeting, financial management, and financial theory.

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Product Details

ISBN-13:
9780131158825
Publisher:
Prentice Hall Professional Technical Reference
Publication date:
07/28/1994
Edition description:
REV
Pages:
800
Product dimensions:
6.85(w) x 9.05(h) x 1.58(d)

Table of Contents

Preface
Frequently Used Formulae
Frequently Used Symbols
Pt. ICapital Budgeting1
1The Goal of the Firm3
2Capital Budgeting: An Overview20
3The Economic Evaluation of Investment Proposals34
4Net Present Value versus Internal Rate of Return59
5Using Cash Flows to Evaluate Investments116
6Traditional Measures of Investment Worth156
7Managing Working Capital178
Pt. IIRisk and Uncertainty211
8Foundations of Risk Analysis215
9Measuring Risk236
10Applications of Risk Analysis268
11Decreasing Risk by Diversification: The Portfolio Approach291
12The Capital Asset Pricing Model and Arbitrage Pricing Theory315
Pt. IIILong-term Financial Decisions369
13Financial Leverage371
14Capital Structure and Valuation401
15Bankruptcy Risk and the Choice of Financial Structure448
16Defining the Cost of Capital478
17Measuring the Cost of Capital510
18Dividend Policy566
19Options and Futures608
20The Lease or Buy Decision657
21Mergers677
22International Financial Management708
Appendix Tables A-C749
Index765

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