Essentials of Financial Management.
A compact text delivering the key concepts of finance and financial markets expected on an introductory course in corporate finance. Including numerous real world exercises with spreadsheet solutions, this is a paperback edition of an Open Access e-textbook.
Saved in:
| : | |
|---|---|
| Place / Publishing House: | Liverpool : : Liverpool University Press,, 2019. Ã2019. |
| Year of Publication: | 2019 |
| Edition: | 1st ed. |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (186 pages) |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Table of Contents:
- Intro
- Contents
- Introduction
- 1 An introduction to equity markets
- 1.1 The benefits of a smooth-running stock exchange
- 1.2 The efficient market hypothesis
- 1.3 Ordinary shares
- 1.4 Preference shares
- Examples of preference dividends
- 1.5 Authorised, issued and par values
- Example
- 1.6 An initial public offering
- 1.7 Stock market indices
- 1.8 Stock market linkages
- 1.9 Rights issues
- Example
- 1.10 Stock splits
- 1.11 Share repurchase
- Example
- 2 Risk versus return
- 2.1 A primer on the variance of an asset and covariance of a pair of assets
- 2.2 The mean and variance of a portfolio
- Example
- 2.3 Finding the risk of a three- or more asset portfolio
- 2.4 Choosing the optimal portfolio
- 2.5 The risk of large portfolios
- 2.6 Market risk
- Example
- 2.7 The capital asset pricing model
- Example
- 2.8 The beta of a portfolio
- 3 The time value of money, the dividend discount model and dividend policy
- 3.1 The time value of money
- 3.2 Present values
- Example
- 3.3 Perpetuities and annuities
- 3.4 Dividend discount model
- 3.5 The Gordon growth model
- Example
- Solution
- 3.6 Two-period dividend growth model
- 3.7 Example with earnings growth
- 3.8 Real-life dividend policy
- 4 The valuation of bonds
- 4.1 Introduction to bonds
- 4.2 Bond pricing
- Example
- 4.3 The price yield curve
- 4.4 The risk of default
- 4.5. Does the yield to maturity change?
- 4.6 Bond duration
- Example
- 4.7 Characteristics of duration
- 4.8 Relationship between bond prices and duration
- Example
- 4.9 Bond convexity
- 5 Investment appraisal
- 5.1 Introduction to investment appraisal
- 5.2 The net present value decision rule
- Example
- Example
- 5.3 The relationship between NPV and discount rate
- 5.4 The internal rate of return
- Example.
- 5.5 Pitfalls with using the internal rate of return
- Example
- 5.6 The crossover rate
- Example
- 5.7 Payback
- 6 The weighted average cost of capital
- 6.1 Determining the appropriate cost of capital
- Example
- 6.2 The cost of debt capital
- Example
- 6.3 The weighted average cost of capital
- Example
- 6.4 Bringing this all together
- Cost of debt
- Cost of equity
- WACC
- 7 Foreign exchange risk
- 7.1 Exchange-rate risk and exchange-rate regimes
- China
- Czech Republic
- France
- United Kingdom
- United Arab Emirates
- 7.2 How big is the foreign exchange market?
- 7.3 Spot and forward markets and currency quotations
- Example
- Example
- 7.4 Calculating the forward rate
- Example
- 8 An introduction to futures trading and hedging using futures
- 8.1 Introduction to futures
- 8.2 Futures positions
- 8.3 Delivery
- Example
- 8.4 Minimum performance bond requirements
- Example
- 8.5 Hedging with futures contracts
- Example
- Example
- 8.6 Basis
- Example
- Example
- 8.7 Hedge efficiency
- Example
- 8.8 Airlines hedging price risk
- 9 Introduction to options
- 9.1 Option terminology
- 9.2 Option strategies
- 9.3 Long call purchase
- 9.4 Naked call write
- 9.5 Long put purchase
- 9.6 Naked put write
- 9.7 Long and short straddle strategies
- 9.8 The Black-Scholes option pricing model
- 9.9 FX options as foreign currency insurance
- Example
- Example
- Solution to activities
- From Certificate of Incorporation of Alphabet33F
- Bibliography
- Articles
- Books
- Websites.