{"product_id":"finance-9780470407356","title":"Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eFINANCE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eFinancial managers and investment professionals need a solid foundation in finance principles and applications in order to make the best decisions in today''s ever-changing financial world. Written by the experienced author team of Frank Fabozzi and Pamela Peterson Drake, \u003ci\u003eFinance\u003c\/i\u003e examines the essential elements of this discipline and makes them understandable to a wide array of individuals, from seasoned professionals looking to fine-tune their financial skills to newcomers seeking genuine guidance through the dynamic world of finance. \u003c\/p\u003e\u003cp\u003eDivided into four comprehensive parts, this reliable resource opens with an informative introduction to the basic tools of investing and financing decision-making?financial mathematics and financial analysis (Part I). From here, you''ll become familiar with the fundamentals of capital market theory, including financial markets, financial intermediaries, and regulators of financial activities (Part II). You''ll also gain a b\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAbout the Authors xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Background 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What is Finance? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Markets and Capital Market Theory 4\u003c\/p\u003e \u003cp\u003eFinancial Management 5\u003c\/p\u003e \u003cp\u003eInvestment Management 7\u003c\/p\u003e \u003cp\u003eSummary 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Mathematics of Finance 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Importance of the Time Value of Money 11\u003c\/p\u003e \u003cp\u003eDetermining the Future Value 13\u003c\/p\u003e \u003cp\u003eDetermining the Present Value 20\u003c\/p\u003e \u003cp\u003eDetermining the Unknown Interest Rate 22\u003c\/p\u003e \u003cp\u003eDetermining the Number of Compounding Periods 23\u003c\/p\u003e \u003cp\u003eThe Time Value of a Series of Cash Flows 24\u003c\/p\u003e \u003cp\u003eValuing Cash Flows with Different Time Patterns 34\u003c\/p\u003e \u003cp\u003eLoan Amortization 40\u003c\/p\u003e \u003cp\u003eThe Calculation of Interest Rates and Yields 46\u003c\/p\u003e \u003cp\u003ePrinciples of Valuation 51\u003c\/p\u003e \u003cp\u003eSummary 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Basics of Financial Analysis 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Ratio Analysis 58\u003c\/p\u003e \u003cp\u003eCash Flow Analysis 87\u003c\/p\u003e \u003cp\u003eUsefulness of Cash Flows in Financial Analysis 99\u003c\/p\u003e \u003cp\u003eSummary 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Capital Markets and Capital Market Theory 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Financial System 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Assets\/Financial Instruments 111\u003c\/p\u003e \u003cp\u003eFinancial Markets 113\u003c\/p\u003e \u003cp\u003eFinancial Intermediaries 114\u003c\/p\u003e \u003cp\u003eRegulators of Financial Actitivies 118\u003c\/p\u003e \u003cp\u003eClassification of Financial Markets 122\u003c\/p\u003e \u003cp\u003eMarket Participants 131\u003c\/p\u003e \u003cp\u003eSummary 150\u003c\/p\u003e \u003cp\u003eReferences 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Interest Rate Determination and the Structure of Interest Rates 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTheories About Interest Rate Determination 155\u003c\/p\u003e \u003cp\u003eThe Federal Reserve System and the Determination of Interest Rates 157\u003c\/p\u003e \u003cp\u003eThe Structure of Interest Rates 163\u003c\/p\u003e \u003cp\u003eTerm Structure of Interest Rates 168\u003c\/p\u003e \u003cp\u003eSummary 178\u003c\/p\u003e \u003cp\u003eReferences 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Basics of Derivatives 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFutures and Forward Contracts 181\u003c\/p\u003e \u003cp\u003eOptions 194\u003c\/p\u003e \u003cp\u003eSwaps 206\u003c\/p\u003e \u003cp\u003eCap and Floor Agreements 209\u003c\/p\u003e \u003cp\u003eSummary 211\u003c\/p\u003e \u003cp\u003eAppendix: Black-Scholes Option Pricing Model 212\u003c\/p\u003e \u003cp\u003eReferences 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Asset Valuation: Basic Bond and Stock Valuation Models 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValuing Bonds 221\u003c\/p\u003e \u003cp\u003eValuation of Common Stock Using Dividend Discount Models 235\u003c\/p\u003e \u003cp\u003eSummary 246\u003c\/p\u003e \u003cp\u003eAppendix: Valuing Convertible Bonds 247\u003c\/p\u003e \u003cp\u003eReferences 252\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Asset Valuation: The Theory of Asset Pricing 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCharacteristics of an Asset Pricing Model 255\u003c\/p\u003e \u003cp\u003eCapital Asset Pricing Model 256\u003c\/p\u003e \u003cp\u003eArbitrage Pricing Theory Model 270\u003c\/p\u003e \u003cp\u003eSummary 279\u003c\/p\u003e \u003cp\u003eReferences 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Financial Management 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Financial Management 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForms of Business Enterprise 286\u003c\/p\u003e \u003cp\u003eThe Objective of Financial Management 291\u003c\/p\u003e \u003cp\u003eThe Agency Relationship 296\u003c\/p\u003e \u003cp\u003eDividend and Dividend Policies 302\u003c\/p\u003e \u003cp\u003eSpecial Considerations in International Financial Management 314\u003c\/p\u003e \u003cp\u003eSummary 322\u003c\/p\u003e \u003cp\u003eReferences 325\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Financial Strategy and Financial Planning 327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategy and Value 328\u003c\/p\u003e \u003cp\u003eFinancial Planning and Budgeting 331\u003c\/p\u003e \u003cp\u003eImportance of Financial Planning 332\u003c\/p\u003e \u003cp\u003eBudgeting Process 332\u003c\/p\u003e \u003cp\u003eSales Forecasting 334\u003c\/p\u003e \u003cp\u003eSeasonal Considerations 337\u003c\/p\u003e \u003cp\u003eBudgeting 338\u003c\/p\u003e \u003cp\u003ePro Forma Financial Statements 346\u003c\/p\u003e \u003cp\u003eLong-Term Financial Planning 352\u003c\/p\u003e \u003cp\u003eFinancial Modeling 355\u003c\/p\u003e \u003cp\u003ePerformance Evaluation 362\u003c\/p\u003e \u003cp\u003eStrategy and Value Creation 369\u003c\/p\u003e \u003cp\u003eSummary 372\u003c\/p\u003e \u003cp\u003eReferences 373\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Corporate Financing Decision 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDebt vs. Equity 375\u003c\/p\u003e \u003cp\u003eThe concept of leverage 378\u003c\/p\u003e \u003cp\u003eCapital Structure and Financial Leverage 381\u003c\/p\u003e \u003cp\u003eFinancial Leverage and Risk 384\u003c\/p\u003e \u003cp\u003eCapital Structure and Taxes 388\u003c\/p\u003e \u003cp\u003eCapital Structure and Financial Distress 393\u003c\/p\u003e \u003cp\u003eThe Cost of Capital 397\u003c\/p\u003e \u003cp\u003eThe Agency Relationship and Capital Structure 399\u003c\/p\u003e \u003cp\u003eOptimal Capital Structure: Theory and Practice 400\u003c\/p\u003e \u003cp\u003eA Capital Structure Prescription 403\u003c\/p\u003e \u003cp\u003eSummary 404\u003c\/p\u003e \u003cp\u003eAppendix: Capital structure: Lessons from Modigliani and Miller 405\u003c\/p\u003e \u003cp\u003eReferences 415\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Financial Engineering, Asset Securitization, and Project Financing 417\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreation of Structured Notes 419\u003c\/p\u003e \u003cp\u003eAsset Securitization 427\u003c\/p\u003e \u003cp\u003eProject Financing 438\u003c\/p\u003e \u003cp\u003eSummary 446\u003c\/p\u003e \u003cp\u003eReferences 448\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Capital Budgeting: Process and Cash Flow Estimation 449\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Decisions and Owners’ Wealth Maximization 450\u003c\/p\u003e \u003cp\u003eCapital Budgeting Process 452\u003c\/p\u003e \u003cp\u003eClassifying Investment Projects 454\u003c\/p\u003e \u003cp\u003eEstimating Cash Flows of Capital Budgeting Projects 458\u003c\/p\u003e \u003cp\u003eSummary 477\u003c\/p\u003e \u003cp\u003eReferences 477\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Capital Budgeting Techniques 479\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvaluation Techniques 479\u003c\/p\u003e \u003cp\u003eNet Present Value 481\u003c\/p\u003e \u003cp\u003eProfitability Index 485\u003c\/p\u003e \u003cp\u003eInternal Rate of Return 487\u003c\/p\u003e \u003cp\u003eModified Internal Rate of Return 491\u003c\/p\u003e \u003cp\u003ePayback Period 495\u003c\/p\u003e \u003cp\u003eDiscounted Payback Period 496\u003c\/p\u003e \u003cp\u003eIssues in Capital Budgeting 497\u003c\/p\u003e \u003cp\u003eComparing Techniques 500\u003c\/p\u003e \u003cp\u003eCapital Budgeting Techniques in Practice 503\u003c\/p\u003e \u003cp\u003eCapital Budgeting and the Justification of New Technology 504\u003c\/p\u003e \u003cp\u003eIncorporating Risk into Capital Budgeting Analysis 506\u003c\/p\u003e \u003cp\u003eSummary 523\u003c\/p\u003e \u003cp\u003eReferences 524\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Managing Current Assets 525\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eManagement of Cash and Marketable Securities 526\u003c\/p\u003e \u003cp\u003eCash Management 527\u003c\/p\u003e \u003cp\u003eMarketable Securities 533\u003c\/p\u003e \u003cp\u003eManagement of Accounts Receivable 534\u003c\/p\u003e \u003cp\u003eInventory Management 545\u003c\/p\u003e \u003cp\u003eSummary 553\u003c\/p\u003e \u003cp\u003eReferences 554\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Financial Risk Management 555\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Defined 555\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management 558\u003c\/p\u003e \u003cp\u003eManaging Risks 563\u003c\/p\u003e \u003cp\u003eRisk Transfer 565\u003c\/p\u003e \u003cp\u003eSummary 572\u003c\/p\u003e \u003cp\u003eReferences 574\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Investment Management 575\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 The Basic Principles of Investment Management 577\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Investment Management Process 577\u003c\/p\u003e \u003cp\u003eThe Theory of Portfolio Selection 582\u003c\/p\u003e \u003cp\u003eTracking Error 604\u003c\/p\u003e \u003cp\u003eMeasuring and Evaluating Performance 607\u003c\/p\u003e \u003cp\u003eSummary 622\u003c\/p\u003e \u003cp\u003eReferences 624\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Equity Portfolio Management 625\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Market Indicators 625\u003c\/p\u003e \u003cp\u003eTop-Down vs. Bottom-up Approaches 629\u003c\/p\u003e \u003cp\u003eFundamental vs. Technical Analysis 629\u003c\/p\u003e \u003cp\u003ePopular Stock Market Strategies 631\u003c\/p\u003e \u003cp\u003ePassive Strategies 643\u003c\/p\u003e \u003cp\u003eEquity-Style Management 643\u003c\/p\u003e \u003cp\u003eTypes of Stock Market Structures 646\u003c\/p\u003e \u003cp\u003eThe U.S. Stock Markets: Exchanges and OTC Markets 649\u003c\/p\u003e \u003cp\u003eTrading Mechanics 656\u003c\/p\u003e \u003cp\u003eSummary 664\u003c\/p\u003e \u003cp\u003eReferences 665\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Bond Portfolio Management 669\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSectors of the Bond Market 669\u003c\/p\u003e \u003cp\u003eFeatures of Bonds 679\u003c\/p\u003e \u003cp\u003eYield Measures 686\u003c\/p\u003e \u003cp\u003eRisks Associated with Investing in Bonds 693\u003c\/p\u003e \u003cp\u003eMeasuring Interest Rate Risk 702\u003c\/p\u003e \u003cp\u003eBond Indexes 710\u003c\/p\u003e \u003cp\u003eActive Bond Portfolio Strategies 711\u003c\/p\u003e \u003cp\u003ePassive Bond Portfolio Strategies 716\u003c\/p\u003e \u003cp\u003eSummary 719\u003c\/p\u003e \u003cp\u003eReferences 720\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Use of Stock Index Futures and Treasury Futures Contracts in\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePortfolio Management 721\u003c\/p\u003e \u003cp\u003eUsing Stock Index Futures in Equity Portfolio Management 722\u003c\/p\u003e \u003cp\u003eUsing Treasury Bond and Note Futures Contracts in Bond Portfolio Management 736\u003c\/p\u003e \u003cp\u003eUsing Stock Index Futures and Treasury Bond Futures to Implement an Asset Allocation Decision 744\u003c\/p\u003e \u003cp\u003eSummary 746\u003c\/p\u003e \u003cp\u003eReferences 746\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Use of Options in Portfolio Management 747\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUsing Stock Options and Index Options in Equity Portfolio Management 747\u003c\/p\u003e \u003cp\u003eUsing Interest Rate Options in Bond Portfolio Management 761\u003c\/p\u003e \u003cp\u003eSummary 771\u003c\/p\u003e \u003cp\u003eAppendix: Pricing Models on Options on Physicals and Futures Options 771\u003c\/p\u003e \u003cp\u003eReferences 773\u003c\/p\u003e \u003cp\u003eIndex 775\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":52090688766295,"sku":"9780470407356","price":71.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470407356.jpg?v=1762273094","url":"https:\/\/bookcurl.com\/products\/finance-9780470407356","provider":"Book Curl","version":"1.0","type":"link"}