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Cengage Learning
Contemporary Financial Management / Edition 7

Contemporary Financial Management / Edition 7


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Product Details

ISBN-13: 9780538877763
Publisher: Cengage Learning
Publication date: 09/28/1997
Edition description: Older Edition
Pages: 800
Product dimensions: 8.90(w) x 10.34(h) x 1.55(d)

About the Author

R. Charles Moyer earned his BA in Economics from Howard University and his MBA and PhD in Finance and Managerial Economics from the University of Pittsburgh. Professor Moyer is Dean of the College of Business at the University of Louisville. He is Dean Emeritus and former holder of the GMAC Insurance Chair in Finance at the Babcock Graduate School of Management, Wake Forest University. Previously, he was Professor of Finance and Chairman of the Department of Finance at Texas Tech University. Professor Moyer also has taught at the University of Houston, Lehigh University, and the University of New Mexico and spent a year at the Federal Reserve Bank of Cleveland. Professor Moyer has taught extensively abroad in Germany, France, and Russia. In addition to this text, Moyer has coauthored two other financial management texts. He has been published in many leading journals including FINANCIAL MANAGEMENT, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, JOURNAL OF FINANCE, FINANCIAL REVIEW, JOURNAL OF FINANCIAL RESEARCH, INTERNATIONAL JOURNAL OF FORECASTING, JOURNAL OF ECONOMICS AND BUSINESS, and JOURNAL OF INDUSTRIAL ORGANIZATION. Professor Moyer is a member of the Board of Directors of King Pharmaceuticals, Inc., Capital South Partners, and the Kentucky Seed Capital Fund.

James R. McGuigan owns and operates his own numismatic investment firm. Prior to this business, he was Associate Professor of Finance and Business Economics in the School of Business Administration at Wayne State University. He also taught at the University of Pittsburgh and Point Park College. McGuigan received his undergraduate degree from Carnegie-Mellon University. He earned an MBA at the Graduate School of Business at the University of Chicago and his PhD from the University of Pittsburgh. In addition to his interests in economics, he has coauthored books on financial management. His research articles on options have been published in the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS.

William J. Kretlow, formerly with Tenneco and Monsanto, joined the University of Houston faculty in 1971. Since 1977, Professor Kretlow has taught at the Stonier Graduate School of Banking of the American Bankers Association. He also has taught at Rice University and has received various teaching awards from the University of Houston, Rice University, and Purdue University, including the University of Houston Teaching Excellence Award, the College of Business Administration Excellence in Teaching Award, and Rice University?s Magna Cum Laude Teaching Excellence Award. In addition to coauthoring this text, he has published articles in the REVIEW OF BUSINESS AND ECONOMIC RESEARCH, THE JOURNAL OF THE AMERICAN SOCIETY FOR INFORMATION SCIENCE, and THE FINANCIAL REVIEW, among others. Professor Kretlow has advised various small and medium-sized companies on financial matters, served as an expert witness in a number of financial cases, and is experienced in the valuation of closely held businesses.

Table of Contents

Part 1Introduction
Chapter 1The Role and Objective of Financial Management2
Chapter 2The Domestic and International Financial Marketplace31
Appendix 2ATaxes58
Chapter 3Evaluation of Financial Performance62
Part 2Determinants of Valuation
Chapter 4The Time Value of Money112
Appendix 4AContinuous Compounding and Discounting151
Chapter 5Analysis of Risk and Return154
Chapter 6Fixed-Income Securities: Characteristics and Valuation199
Appendix 6ABond Refunding Analysis233
Chapter 7Common Stock: Characteristics, Valuation, and Issuance237
Part 3The Capital Investment Decision
Chapter 8Capital Budgeting and Cash Flow Analysis270
Appendix 8ADepreciation298
Chapter 9Capital Budgeting: Decision Criteria and Real Option Considerations305
Appendix 9AMutually Exclusive Investments Having Unequal Lives341
Chapter 10Capital Budgeting and Risk346
Part 4The Cost of Capital, Capital Structure, and Dividend Policy
Chapter 11The Cost of Capital376
Chapter 12Capital Structure Concepts411
Chapter 13Capital Structure Management in Practice440
Appendix 13ABreakeven Analysis473
Chapter 14Dividend Policy484
Part 5Working Capital Management and Financial Forecasting
Chapter 15Financial Forecasting and Working Capital Policy516
Chapter 16The Management of Cash and Marketable Securities555
Chapter 17Management of Accounts Receivable and Inventories585
Chapter 18Short- and Intermediate- Term Funding Alternatives617
Part 6Advanced Topics in Contemporary Financial Management
Chapter 19Lease Financing657
Chapter 20Financing with Derivatives677
Appendix 20AThe Black-Scholes Option Pricing Model699
Chapter 21International Financial Management703
Chapter 22Corporate Restructuring723
Solutions to Self-Test Problems773
Check Answers to Selected Problems795

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