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Contents Part 1

Introduction to Managerial Finance .................... .................. .................. ...............

1

Chapter 1

The Role of Managerial Finance ................... .................. .................. ................ ..........

2

Chapter 2

The Financial Market Environment ................................ ............... ................. .................. .................. ........

12

Part 2

Financial Tools ................................... ................ ................... .................. ................... .................. ................

23

Chapter 3

Financial Statements and Ratio Analysis ................................. ............... .................. ................ .................. .

24

Chapter 4

Cash Flow and Financial Planning......... .................. .................. ................... ..............

47

Chapter 5

Time Value of Money ................. ................. .................. .................. ................... ........

70

Part 3

Valuation of Securities .................. ................................... ................. .................. .................. .................. .....

101

Chapter 6

Interest Rates and Bond Valuation........... .................. .................. ................. ..............

102

Chapter 7

Stock Valuation................... Valuation.. ................. ................. ................. ................. ................. ................. ...

124

Part 4

Risk and the Required Rate of Return.................. Return .................. .................................... ................. ................... ..............

143

Chapter 8

Risk and Return.................... Return.. .................. ................... .................. ................... ................. ..............

144

Chapter 9

The Cost of Capital .................. .................. ................... ................. ................... ..........

174

Part 5

Long-Term Investment Decisions .................... .................................. ................. ................................... .................. ....

193

Chapter 10

Capital Budgeting Techniques ................................. ............... .................. .................. ................... ..............

194

Chapter 11

Capital Budgeting Cash Flows................... Flows. .................. ................. ................... .................. ...........

220

Chapter 12

Risk and Refinements in Capital Budgeting ................... ................... .................. .......

249

Part 6

Long-Term Financial Decisions ................................... ................ ................... ................... .................... .....

272

Chapter 13

Leverage and Capital Structure ................ .................. .................. ................. ..............

273

Chapter 14

Payout Policy ................ .................. .................. ................ ................. .................. .......

303

Part 7

Short-Term Financial Decisions ................... .................. ................................... ................. .................. ......

320

Chapter 15

Working Capital and Current Assets Management................... Management ................... ................... ...............

321

Chapter 16

Current Liabilities Management................... .................. .................. ................. ..........

340

© 2012 Pearson Education

Part 8

Special Topics in Managerial Finance ....................................................................

357

Chapter 17

Hybrid and Derivative Securities ...............................................................................

358

Chapter 18

Mergers, LBOs, Divestitures, and Business Failure...................................................

377

Chapter 19

International Managerial Finance...............................................................................

393

Practice Quizzes and Solutions ...........................................................................................................

405

Special thanks to Professors Larry Gitman and Chad Zutter for allowing me to participate in the project, Kerri  McQueen and Melissa Pellerano for their assistance, and my fami ly (Debi, Joshua, Sarah, and Philip) for their continued encouragement. .......................................................................................................... Thomas M. Krueger 

© 2012 Pearson Education