CORPORATE FINANCE ROSS JAFFE

Tìm thấy 2,133 tài liệu liên quan tới từ khóa "CORPORATE FINANCE ROSS JAFFE":

INTRODUC CORPORATE FINANCE CH13

INTRODUC CORPORATE FINANCE CH13

Chapter 13: Corporate FinancingDecisions and Efficient CapitalMarkets13.1 Can Financing Decisions Create Value?13.2 A Description of Efficient Capital Markets13.3 The Different Types of Efficiency13.4 The Evidence13.5 Implications for Corporate Finance13.6 Summary and Conclusions13.1 Can Financing DecisionsCreate Value?Earlier parts of the book show how toevaluate investment projects accordingthe NPV criterion.The next five chapters concern financingdecisions.What Sort of FinancingDecisions?Typical financing decisions include:

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Tài liệu Managing Global Financial Risk Using Currency Futures And Currency Options(pdf) ppt

TÀI LIỆU MANAGING GLOBAL FINANCIAL RISK USING CURRENCY FUTURES AND CURRENCY OPTIONS(PDF) PPT

Second BGSU International Management ConferenceGlobal Risk ManagementHyatt Regency, Cleveland, OH17-18 April 2002Managing Global Financial Risk Using Currency Futures and Currency OptionsSung C. BaeAshel G. Bryan/Mid American Bank ProfessorDepartment of FinanceBowling Green State UniversityBae 2Corporate Risk Financial DerivativesCommodity Risk· Risk associated with movement incommodity prices· Operational riskCommodity Price Derivatives· Ex-traded commodity futures· Ex-traded commodity options· Commodity swapsInterest Rate Risk· Risk associated with movement ininterest rates· Financing and Investment riskInterest Rate Derivatives· Forward rate agreements· Ex-traded interest rate futures· Ex-traded interest rate options· Interest rate swaps· Over-the-counter (OTC) options
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Bộ đề thi trắc nghiệm Lý thuyết Tài chính Tiền tệ-3 pptx

BỘ ĐỀ THI TRẮC NGHIỆM LÝ THUYẾT TÀI CHÍNH TIỀN TỆ-3 PPTX

d. Lo i tr hay bác b .ạ ừ ỏ108. Giá tr c a m t đ án ngân sách v n đ c ki n ngh tùy thu c vào:ị ủ ộ ề ố ượ ế ị ộa. T ng các dòng l u kim sinh ra.ổ ưb. Incremantal cash flows produced ?c. Vi c tính tốn l i nhu n phát sinh.ệ ợ ậd. S gia tăng t ng doanh thu.ự ổ109. Gi s cơng ty c a b n có m t thi t b khơng dùng đ n,bi t r ng ngun giáả ử ủ ạ ộ ế ị ế ế ằ c a nó là 75.000$,th giá (giá tr k tốn?) là 20.000$ và giá tr hi n hành làủ ư ị ế ị ệ 25.000$.B qua thu thì chi phí c h i chính xác cho thi t b đó trong ngân sáchỏ ế ơ ộ ế ị v n s là bao nhiêu?ố ẽa. 75.000$b. 25.000$c. 20.000$d. 5.000$110. N u m t k ho ch có 15.000$ hàng t n kho,tăng n ph i tr là 10.000$,gi mế ộ ế ạ ồ ợ ả ả ả n ph i thu 1000$.V y có nh h ng gì đ n v n l u đ ng c a k ho ch ?ợ ả ậ ả ưở ế ố ư ộ ủ ế ạa. Gia tăng đ u t là 4000$.ầ ưb. Gia tăng đ u t là 5000$.ầ ưc. Gia tăng đ u t 6000$ầ ưd. V n l u đ ng khơng nh h ng đ n k ho ch.ố ư ộ ả ưở ế ế ạ111. Ph ng pháp nào sau đây cung c p v c phân tích đánh giá k t qu ngân sáchươ ấ ệ ế ả v n?ốa. Gi m các dòng l u kim th t t v i lãi su t th c t .ả ư ậ ế ớ ấ ự ếb. Gi m các dòng l u kim th t t v i lãi su t danh nghĩa.ả ư ậ ế ớ ấc. Gi m các dòng l u kim danh nghĩa v i lãi su t th c t .ả ư ớ ấ ự ếd. T t c các ph ng pháp trên đ u cung c p nh ng k t qu nh nhau.ấ ả ươ ề ấ ữ ế ả ư- 20 Ngân hàng câu hỏi trắc nghiệm tài chính – Corporate Finance Tests112. B n d đốn doanh thu hàng năm là 500.000$ trong 3 năm t i.N u d đốn c aạ ự ớ ế ự ủ b n vào năm th 2 và năm th 3 b l m phát mong đ i th ng niên là 5% thì t ngạ ứ ứ ị ạ ợ ườ ổ
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Applied Oracle Security: Developing Secure Database and Middleware Environments- P64 pdf

APPLIED ORACLE SECURITY DEVELOPING SECURE DATABASE AND MIDDLEWARE ENVIRONMENTS P64 PDF

o 16 Oil and Gaso 17 Professional Serviceso 18 Public Sector (government)o 19 Researcho 20 Retail/Wholesale/Distributiono 21 Systems Integrator, VAR/VADo 22 Telecommunicationso 23 Travel and Transportationo 24 Utilities (electric, gas, sanitation, water)o 98 Oth er Bu si ness and S er vi ces _________WHICH OF THE FOLLOWING BEST DESCRIBES YOUR PRIMARY JOB FUNCTION? (check one only)CORPORATE MANAGEMENT/STAFFo 01 Executive Management (President, Chair, CEO, CFO, Owner, Partner, Principal)o 02 Finance/Administrative Management (VP/Director/ Manager/Controller, Purchasing, Administration)o 03 Sales/Marketing Management (VP/Director/Manager)o 04 Computer Systems/Operations Management (CIO/VP/Director/Manager MIS/IS/IT, Ops)IS/IT STAFFo 05 Application Development/Programming Managemento 06 Application Development/Programming Staffo 07 Consulting
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CORPORATE GOVERNANCE SYLLABUS

CORPORATE GOVERNANCE SYLLABUS

magazines such as The Economist and Business Week also provide good applications of what youwill learn in the class.Chinese Journal: 三大证券报等Recommended End-of-chapter ProblemsI encourage you to work through the problems. Please note that these problems will typically not bediscussed in class. It is each student’s responsibility to check his\her answers.ContentsThe study of governance will focus on the following topics:• Governance and Corporate Finance• Monitoring and Ownership Models• Executive Compensation• Entrenchment, Proxy Fights, and Takeovers• Boards of Directors• Comparative Systems3If time permits, other topics may be coveredPresentations of Special Topics:To be determinedCourse EvaluationParticipation & Class discussions (20%)Before the class, you should prepare for the session. “Prepare” does not mean that youhave all the answers to all the questions; it means that (1) you have read all the materials
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SCHOOL OF BANKING AND FINANCE FINS5516 INTERNATIONAL CORPORATE FINANCE Session 1, 2004 doc

SCHOOL OF BANKING AND FINANCE FINS5516 INTERNATIONAL CORPORATE FINANCE SESSION 1 2004 DOC

joorr TTooppiiccss • Foreign Exchange Markets and Key Relationships • Foreign Exchange Risk Management • International Corporate Finance NNoott

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CORPORATE FINANCE CHAPTER 017 FINANCER AND CORPORATE STRATEGY

CORPORATE FINANCE CHAPTER 017 FINANCER AND CORPORATE STRATEGY

Chapter 17: Finance andCorporate StrategyObjective1Understanding:Mergers & AcquisitionsSpinoffsReal OptionsCopyright © Prentice Hall Inc. 2000. Author: Nick Bagley, bdellaSoft, Inc.Chapter 17 Contents• 17.1 Mergers and Acquisitions• 17.2 Spinoffs• 17.3 Investing in Real Options2Derwyn Productions:Decision Tree (yes, no)(Probability = 0.5)Make the movie?(NPV $4 Million)Book aSuccess?(Probability = 0.5)Make the Movie?

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Applied corporate finance pptx

APPLIED CORPORATE FINANCE PPTX

share? The second is in the definition of the long term: Is it 3 years, 5 years or a longer period? 3 (b) It comes with a clear and timely measure that can be used to evaluate the success or failure of decisions. Objectives that sound good but that do not come with a measurement mechanism are likely to fail. For instance, consider a retail firm that defines its objective as “maximizing customer satisfaction”. How exactly is customer satisfaction defined and how is it to be measured? If no good mechanism exists for measuring how satisfied customers are with their purchases, not only will managers be unable to make decisions based upon this objective, but stockholders will also have no way of holding them accountable for any decisions that they do make. (c) It does not create costs for other entities or groups that erase firm-specific benefits and leave society worse off overall. As an example, assume that a tobacco company defines its objective to be revenue growth. Managers of this firm would then be inclined to increase advertising to teenagers, since it will increase sales. Doing so may create significant costs for society that overwhelm any benefits arising from the objective. Some may disagree with the inclusion of social costs and benefits and argue that a business only has a responsibility to its stockholders and not to society. This strikes us as short sighted because the people who own and operate businesses are part of society. The Classical Objective There is general agreement, at least among corporate finance theorists that the objective when making decisions in a business is to maximize value. There is some disagreement on whether the objective is to maximize the value of the stockholder’s stake in the business or the value of the entire business (firm), which includes besides stockholders, the other financial claim holders (debt holders, preferred stockholders etc.). Furthermore, even among those who argue for stockholder wealth maximization, there is a question about whether this translates into maximizing the stock price. As we will see in this chapter, these objectives vary in terms of the assumptions that are needed to justify them. The least restrictive of the three objectives, in terms of assumptions needed, is to
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sustainable development at holcim integrating sustainability into ongoing business activity swiss sustainability leaders sri conference 4 october 2013 holcim ltd strength performance passion

SUSTAINABLE DEVELOPMENT AT HOLCIM INTEGRATING SUSTAINABILITY INTO ONGOING BUSINESS ACTIVITY SWISS SUSTAINABILITY LEADERS SRI CONFERENCE 4 OCTOBER 2013 HOLCIM LTD STRENGTH PERFORMANCE PASSION

sustainable productsUnited Nations Global Compact PrinciplesReputation & Supply assuranceHuman rights and LaborOccupational Health & SafetyEnvironmentBribery and Corruption© 2013 Holcim LtdThe approach to implement the SPI across the Holcim supplier base consists of 5 steps1. Supplier Code of ConductSupplier Code of Conduct approved by Holcim EXCO and communicated to all suppliers and Group Companies2. Supplier prioritizationHigh risk suppliers to be prioritized by Group Companies and Corporate Procurement based on their judgment of local conditions3. Risk assessmentContinuous evaluation of risk exposure through self-assessment / fact finding / verification, as determined by Group Companies4. Risk mitigationSupplier development or replacement, as determined by Group Companies5. ScorecardContinuous performance tracking for the Holcim Corporate Sustainable Development Report as in the past
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CORPORATE FINANCE FINAL ASSIGNMENT

CORPORATE FINANCE FINAL ASSIGNMENT

COURSE TITLE:CORPORATE FINANCEStudents:ID :Lecturer:UBIS INTAKE 5: 2013– 2014COURSE CODE:FIN 601COURSE CODE:MGT 601JANUARY 2014Final assignmentA. Financial Model (40 points)1. Prepare a brief introduction of the project (maximum 200 words)ANS joint stock company, establish soon, the company sells mobile phone installment paymentThe expected parameters are as follows:First year sales volume of 500 products, of which 20% is at sight, the rest is deferred payment. Theannual growth rate of approximately 30%, operating time of the project is 5 years.Time installment payment sales average is 6 months.The average sale price at sight is 3.5 million USD, the price of installment payment =120% of at sightprice. Growth rate of 7% / year, the cost = 90% of at sight price.Inflation rate of 7% / year.4% Operating costs / revenues.installment payment costs 5% loss /
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INTRODUC CORPORATE FINANCE CH9

INTRODUC CORPORATE FINANCE CH9

Small-company Common StocksLong-Term Corporate BondsLong-Term U.S. Government BondsU.S. Treasury BillsThe Future Value of anInvestment of $1 in 1926Return StatisticsThe history of capital market returnscan be summarized by describing theaverage return( R1 +  + RT )R=Tthe standard deviation of those returns222

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INTRODUC CORPORATE FINANCE CH5

INTRODUC CORPORATE FINANCE CH5

 The _COUPON RATE_ is the annual dollar coupon expressed as a percentage of the face value: COUPON RATE = $___ /$_____ = 7.0%  The _CURRENT YIELD_ is the annual coupon divided by the p[r]

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FUNDAMENTALS OF CORPORATE FINANCE 5E MCGRAW CHAPTER 025

FUNDAMENTALS OF CORPORATE FINANCE 5E MCGRAW CHAPTER 025

TRANG 1 CHAPTER 25 _FUNDAMENTALS OF_ _ CORPORATE_ _ FINANCE_ Fifth Edition SLIDES BY MATTHEW WILL _MCGRAW-HILL/IRWIN_ _Copyright © 2007 by The McGraw-Hill Companies, Inc.. All rights _ _[r]

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Financial modeling benninga

FINANCIAL MODELING BENNINGA

method. The cost of capital, discussed in Chapter 2, is the rate at which corporate cash flows are discounted toarrive at enterprise value. Calculating this rate is not trivial and involves a combination of some theoretical modelsand numerical computation.Chapter 3 shows how to build pro forma models, which simulate the corporate income statement and balancesheets. Pro forma models are at the heart of many corporate finance applications, including business plans, creditanalyses, and valuations. The models require a mixture of finance, accounting, and Excel. In Chapter 4 we use proforma models to do a valuation of a firm; the simple example we develop is typical of an exercise that accompaniesmany merger and acquisition valuations.Chapters 5 and 6 discuss the financial analysis of leasing. In Chapter 5 we concentrate on the basic lease/purchasedecision using the equivalent-loan method. An appendix to Chapter 5 discusses some tax and accountingconsiderations relating to leases. Chapter 6 discusses the financial analysis of leveraged lease arrangements,including a discussion of the multiple-phases method of Statement 13 of the Financial Accounting Standards Board(FASB 13). The multiple-phases-method rate of return is a hybrid internal rate of return (IRR), and Excel can easilybe used to calculate this return.Part I-Corporate Finance ModelsFinancial Modeling, Second EditionSimon BenningaCopyright © 2000 Massachusetts Institute of TechnologyBooks24x7, Inc. © 2001-2002 – FeedbackChapter 1: Basic Financial Calculations1.1IntroductionThis chapter aims to give you some finance basics and their Excel implementation. If you have had a goodintroductory course in finance, most of the topics will probably be superfluous.This chapter covers the following:nNet present value (NPV)nInternal rate of return (IRR)nFuture value
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2013 CFA LEVEL 1 BOOK 4

2013 CFA LEVEL 1 BOOK 4

Corporate Finance, Portfolio Management, and Equity InvestmentsReading Assignments and Learning Outcome Statements-f.Evaluate a company's management of accounts receivable, inventory, andaccounts payable over time and compared to peer companies. (page 95)g. Evaluate the choices of short-term funding available to a company andrecommend a financing method. (page 98)The topical coverage corresponds with the following CPA Institute assigned reading:4 1 . The Corporate Governance of Listed Companies: A Manual for InvestorsThe candidate should be able to:a. Define corporate governance. (page 1 05)b. Describe practices related to board and committee independence, experience,compensation, external consultants, and frequency of elections, and determinewhether they are supportive of shareowner protection. (page 1 06)c. Describe board independence and explain the importance of independent boardmembers in corporate governance. (page 1 07)d . Identify factors that an analyst should consider when evaluating thequalifications of board members. (page 1 07)e. Describe the responsibilities of the audit, compensation, and nominationscommittees and identify factors an investor should consider when evaluating thequality of each committee. (page 1 08)f. Explain the provisions that should be included in a strong corporate code ofethics. (page 1 1 0)g. Evaluate, from a shareowner's perspective, company policies related to votingrules, shareowner sponsored proposals, common stock classes, and takeover
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Giáo trình tài chính doanh nghiệp - Tài liệu tham khảo potx

GIÁO TRÌNH TÀI CHÍNH DOANH NGHIỆP - TÀI LIỆU THAM KHẢO POTX

14. Jack Clack Fracis, Management of Investment, Mc Graw Hill Inc, 3rd Edition, 1993. 15. Moshe Ben - Horim, Essentials of Corporate Finance, Allyn and Bacon, Copy right 1987. 16. Peter Shearer, Business Forecasting and Planning, Prentice Hall International (UK) Limited, 1994. 17. Berrard J. Winger and Nancy Mohan, Principles of Financial Management, Macmillan Publishing Co., 1991. 18. David M.Weiss, After the trade is made: Processing Securities Transactions, NewYork Institute of Finance

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BẢN TIN PHỤ HUYNH SỐ 55

BẢN TIN PHỤ HUYNH SỐ 55

Wild, 2009, Princi-ples of Accounting, 19th ed., McGraw Hill FIN202 Tài chính doanh nghiệp Corporate Finance ECO121 60 3 Fundamentals of Corpo-rate Finance by Parrino, Kidwell FIN201 Kin[r]

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Faculty of Commerce and Economics School of Banking and Finance doc

FACULTY OF COMMERCE AND ECONOMICS SCHOOL OF BANKING AND FINANCE DOC

MFIN6210: Takeovers, Restructuring & Corporate Governance Page- 10 10. ABOUT THE INSTRUCTORS Ronan Powell Ronan Powell received his PhD in Finance from the University of Essex, in the UK. Prior to taking up a position at UNSW in 2001, he lectured in Finance at the Queen’s University of Belfast for six years. He has taught a wide range of finance courses on international affiliated programs in Barcelona, Madrid, Kuala Lumpur and Beijing. His research papers have been presented at international conferences, including the American Finance Association, the European Finance Association, the European Financial Management Association and the Australian Banking and Finance Conference. His research is concentrated in the area of takeovers, with particular reference to measuring wealth effects, modelling and takeover prediction. His work is published in the Journal of Business, Finance and Accounting, the Journal of Corporate Finance and the Journal of Banking and Finance. Terry Walter Terry Walter is a Professor of Finance and Head of School in the School of Banking and Finance at the University of New South Wales. He is also a Director of Equities Research for the Securities Industry Research Centre of Asia-Pacific (SIRCA Limited), was instrumental (with Mike Aitken and Philip Brown) in SIRCA’s establishment and is actively engaged in the research program of the recently formed CRC in Technology Enabled Capital Markets (CMCRC Limited). Terry Walter holds a PhD from the University of Western Australia and a Bachelor of Commerce degree from the University of Queensland. His research interests are in market microstructure, initial public offers, performance of fund managers, mergers and acquisitions and capital market anomalies. He has published in these areas in highly regarded international journals, including the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, The Journal of Banking and Finance, the Pacific Basin Finance Journal, the Australian Journal of Management, the Journal of Futures Markets and the
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ĐỀ CƯƠNG ÔN THI TỐT NGHIỆP ĐẠI HỌC NGÀNH TÀI CHÍNH NGÂN HÀNG ppsx

ĐỀ CƯƠNG ÔN THI TỐT NGHIỆP ĐẠI HỌC NGÀNH TÀI CHÍNH NGÂN HÀNG PPSX

• Thuê ho t đ ng và thuê tài chính ạ ộ1• Ra quy t đ nh thuê mua tài s n ế ị ảTài li u tham kh o:ệ ả1. Nguy n H i S n: Qu n tr tài chính doanh nghi p, NXB Th ng kê, 1999ễ ả ả ả ị ệ ố2. Tr n Ng c Th : Tài chính doanh nghi p hi n đ i, NXB Th ng kê, 2003ầ ọ ơ ệ ệ ạ ố3. Bài gi ng Qu n tr tài chính doanh nghi p – Khoa Kinh t , 2004ả ả ị ệ ế4.Brealey, Myers, Macus: Fundamentals of Corporate Finance, McGraw-Hill Irwin, 20015. Ross, Westerfield, Jordan: Fundamentals of Corporate Finance, McGraw-Hill Irwin, 20036. Higgins: Phân tích tài chính doanh nghi p ( Nguy n T n Bình biên d ch),ệ ễ ấ ị NXB Đ i h c Qu c gia TP. H Chí Minh, 2002ạ ọ ố ồ7. Nguy n H i S n: Bài t p Qu n tr tài chính doanh nghi p, NXB Tr , 1999ễ ả ả ậ ả ị ệ ẻ8. L u Th H ng, Vũ Duy Hào: Qu n tr tài chính doanh nghi p- H th ngư ị ươ ả ị ệ ệ ố câu h i tr c nghi m, Bài t p đáp án, NXB Tài chính, 2006ỏ ắ ệ ậ9. Nguy n Minh Ki u: Tài chính doanh nghi p, NXB Th ng kê, 2006ễ ề ệ ốPH N II: K TOÁN TÀI CHÍNH (2 ĐVHT)Ầ ẾA. Lý thuy tế1. Các ph ng pháp tính giá v t li u xu t kho, u, nh c đi m c a t ng ph ngươ ậ ệ ấ ư ượ ể ủ ừ ươ pháp.2. Các ph ng pháp h ch toán chi ti t v t li u, u, nh c đi m c a t ng ph ngươ ạ ế ậ ệ ư ượ ể ủ ừ ươ pháp.3. H ch toán t ng h p NVL theo ph ng pháp KKTX (TK s d ng, ph ng phápạ ổ ợ ươ ử ụ ươ h ch toán).ạ4. H ch toán t ng h p NVL theo ph ng pháp KKĐK (TK s d ng, ph ng phápạ ổ ợ ươ ử ụ ươ h ch toán).ạ5. Các ph ng pháp phân b giá tr CCDC và ph ng pháp h ch toán.ươ ổ ị ươ ạ6. H ch toán tình hình bi n đ ng TSCĐ.ạ ế ộ7. H ch toán kh u hao TSCĐ.ạ ấ
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Fundamentals of corporate finance 9th ed ross westerfiled jordan

Fundamentals of corporate finance 9th ed ross westerfiled jordan

PART 1 Overview of Corporate FinanceCHAPTER 1 INTRODUCTION TO CORPORATE FINANCE 1CHAPTER 2 FINANCIAL STATEMENTS, TAXES, AND CASH FLOW 21PART 2 Financial Statements and LongTerm Financial PlanningCHAPTER 3 WORKING WITH FINANCIAL STATEMENTS 48CHAPTER 4 LONGTERM FINANCIAL PLANNING AND GROWTH 89PART 3 Valuation of Future Cash FlowsCHAPTER 5 INTRODUCTION TO VALUATION: THE TIME VALUE OF MONEY 121CHAPTER 6 DISCOUNTED CASH FLOW VALUATION 146CHAPTER 7 INTEREST RATES AND BOND VALUATION 192CHAPTER 8 STOCK VALUATION 234PART 4 Capital BudgetingCHAPTER 9 NET PRESENT VALUE AND OTHER INVESTMENT CRITERIA 264CHAPTER 10 MAKING CAPITAL INVESTMENT DECISIONS 302CHAPTER 11 PROJECT ANALYSIS AND EVALUATION 337PART 5 Risk and ReturnCHAPTER 12 SOME LESSONS FROM CAPITAL MARKET HISTORY 368CHAPTER 13 RETURN, RISK, AND THE SECURITY MARKET LINE 403CHAPTER 14 OPTIONS AND CORPORATE FINANCE 439PART 6 Cost of Capital and LongTerm Financial PolicyCHAPTER 15 COST OF CAPITAL 479CHAPTER 16 RAISING CAPITAL 513CHAPTER 17 FINANCIAL LEVERAGE AND CAPITAL STRUCTURE POLICY 551CHAPTER 18 DIVIDENDS AND DIVIDEND POLICY 590PART 7 ShortTerm Financial Planning and ManagementCHAPTER 19 SHORTTERM FINANCE AND PLANNING 624CHAPTER 20 CASH AND LIQUIDITY MANAGEMENT 657CHAPTER 21 CREDIT AND INVENTORY MANAGEMENT 689PART 8 Topics in Corporate FinanceCHAPTER 22 INTERNATIONAL CORPORATE FINANCE
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