Principles of Finance

Part 1 Money: money in the economy; the time value of money - single payments; the time value of money - series of payments. Part 2 The business environment and financial intermediation: forms of business organization and the tax environment; the role of financial intermediaries; the money and capital markets; the corporation and the acquisition of funds. Part 3 Security valuation and capital market theory: bonds; stock valuation; risk and the required rate of return; the market price of risk; efficient markets and the capital asset pricing model. Part 4 The firm's investment and financing decision; capital budgeting; special problems in capital budgeting; leverage and risk; capital structure; dividend policy; leasing; mergers and acquisitions. Part 5 Financial derivatives and risk management: the futures market; the options market; the swap market; financial engineering. Part 6 Special topics corporate financial management: international financial management; financial analysis; financial planning; inventory and cash management; accounts receivable management; short-term financing.