{"product_id":"wiley-pathways-finance-reprint-isbn-9780470392140","title":"Wiley Pathways Finance Reprint","description":"How do financial markets and institutions affect businesses and individuals? How do firms raise funds? How can an individual use markets and institutions to meet their own personal goals? In order to answer these questions, a reader must have a strong understanding of financial markets and institutions. This concise book provides the necessary information, presenting the general principles of finance and showing how they are applied in the field.  \u003cp\u003ePreface v\u003cbr\u003e \u003cbr\u003e Acknowledgements xii\u003cbr\u003e \u003cbr\u003e \u003cb\u003ePart I: Basic Financial Principles\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction to Finance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 2\u003c\/p\u003e \u003cp\u003e1.1 Why Study Finance?\u003c\/p\u003e \u003cp\u003e1.2 What Is Finance? 3\u003c\/p\u003e \u003cp\u003e1.3 Four Principles of Finance 5\u003c\/p\u003e \u003cp\u003e1.4 The Financial System 9\u003c\/p\u003e \u003cp\u003e1.5 Financial Functions 12\u003c\/p\u003e \u003cp\u003e1.6 Types of Financial Institutions 15\u003c\/p\u003e \u003cp\u003e1.7 Types of Financial Markets 18\u003c\/p\u003e \u003cp\u003e1.8 Types of Securities 20\u003c\/p\u003e \u003cp\u003e1.9 International Securities and Markets 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Money and Interest Rates 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 38\u003c\/p\u003e \u003cp\u003e2.1 Overview of the Monetary System 38\u003c\/p\u003e \u003cp\u003e2.2 The Federal Reserve System 40\u003c\/p\u003e \u003cp\u003e2.3 The Development of Money in the United States 47\u003c\/p\u003e \u003cp\u003e2.4 U.S. Money Supply Today 49\u003c\/p\u003e \u003cp\u003e2.5 Money Supply and Economic Activity 53\u003c\/p\u003e \u003cp\u003e2.6 Interest: The Cost of Money 56\u003c\/p\u003e \u003cp\u003e2.7 Structure of Interest Rates 60\u003c\/p\u003e \u003cp\u003e2.8 The Yield Curve 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Time Value of Money 80\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 81\u003c\/p\u003e \u003cp\u003e3.1 The Math of Finance 81\u003c\/p\u003e \u003cp\u003e3.2 Compounding to Determine Future Values 83\u003c\/p\u003e \u003cp\u003e3.3 Inflation or Purchasing Power Implications 87\u003c\/p\u003e \u003cp\u003e3.4 Discounting to Determine Present Value 88\u003c\/p\u003e \u003cp\u003e3.5 Finding Interest Rates and Time Requirements 89\u003c\/p\u003e \u003cp\u003e3.6 Future Value of an Annuity 92\u003c\/p\u003e \u003cp\u003e3.7 Future Value of an Annuity Due 97\u003c\/p\u003e \u003cp\u003e3.8 Frequent Compounding or Discounting Intervals 99\u003c\/p\u003e \u003cp\u003e3.9 APR Versus EAR 100\u003c\/p\u003e \u003cp\u003e3.10 Cost of Consumer Credit 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Financial Statements, Cash Flow and Taxes 110\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 111\u003c\/p\u003e \u003cp\u003e4.1 Overview of Financial Statements 111\u003c\/p\u003e \u003cp\u003e4.2 U.S. Business Organizations 112\u003c\/p\u003e \u003cp\u003e4.3 Starting a Business 116\u003c\/p\u003e \u003cp\u003e4.4 Annual Reports 117\u003c\/p\u003e \u003cp\u003e4.5 Balance Sheet 119\u003c\/p\u003e \u003cp\u003e4.6 Income Statement 124\u003c\/p\u003e \u003cp\u003e4.7 Cash Flow Statement 126\u003c\/p\u003e \u003cp\u003e4.8 Financial Statements of Different Companies 129\u003c\/p\u003e \u003cp\u003e4.9 Our Federal Tax System 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Analysis of Financial Statements 150\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 151\u003c\/p\u003e \u003cp\u003e5.1 Financial Statement Analysis 151\u003c\/p\u003e \u003cp\u003e5.2 Ratio Analysis 152\u003c\/p\u003e \u003cp\u003e5.3 Types of Financial Ratios 154\u003c\/p\u003e \u003cp\u003e5.4 Du Pont Method of Ratio Analysis 174\u003c\/p\u003e \u003cp\u003e5.5 Long-Term Financial Planning 177\u003c\/p\u003e \u003cp\u003e5.6 Cost-Volume-Profit Analysis 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Using Financial Principles in Business\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Basics of Capital Budgeting 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 190\u003c\/p\u003e \u003cp\u003e6.1 Overview of Capital Budgeting 190\u003c\/p\u003e \u003cp\u003e6.2 Capital Budgeting Decisions 191\u003c\/p\u003e \u003cp\u003e6.3 Capital Budgeting Techniques 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Cash Flow Estimation and Risk Analysis 210\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 211\u003c\/p\u003e \u003cp\u003e7.1 Cash Flows and Competitive Advantage 211\u003cbr\u003e \u003cbr\u003e 7.2 Isolating Project Cash Flows 212\u003c\/p\u003e \u003cp\u003e7.3 Approaches to Estimating Project Cash Flows 212\u003c\/p\u003e \u003cp\u003e7.4 Risk-Related Considerations 219\u003c\/p\u003e \u003cp\u003e7.5 Strategic Analysis 221\u003c\/p\u003e \u003cp\u003e7.6 Real-Opinion Analysis 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Managing Working Capital 232\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 233\u003c\/p\u003e \u003cp\u003e8.1 Identifying Working Capital 233\u003c\/p\u003e \u003cp\u003e8.2 Operating Cash and conversion Cycles 234\u003c\/p\u003e \u003cp\u003e8.3 Working Capital Requirements 239\u003c\/p\u003e \u003cp\u003e8.4 Cash Budgets 243\u003c\/p\u003e \u003cp\u003e8.5 Seasonal Versus Level Production 248\u003c\/p\u003e \u003cp\u003e8.6 Management of Current Assets 251\u003c\/p\u003e \u003cp\u003e8.7 Getting-and Keeping-the Cash 258\u003c\/p\u003e \u003cp\u003e8.8 Accounts Receivable Management and Credit Analysis 261\u003c\/p\u003e \u003cp\u003e8.9 Inventory Management 265\u003c\/p\u003e \u003cp\u003e8.10 Technology and Managing Working Capital 267\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Short-Term Business Financing 280\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Strategies for Financing Working Capital 281\u003c\/p\u003e \u003cp\u003e9.2 Factors Affecting Short-Term Financing 285\u003c\/p\u003e \u003cp\u003e9.3 Short-Term Financing Sources 289\u003c\/p\u003e \u003cp\u003e9.4 Computing Interest Rates 298\u003c\/p\u003e \u003cp\u003e9.5 Asset-Based Lending for Short-Term Financing 299\u003c\/p\u003e \u003cp\u003e9.6 Other Forms of Security 305\u003c\/p\u003e \u003cp\u003e9.7 The Cost of Short-Term Financing 306\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Risk and Rate of Return 316\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 317\u003c\/p\u003e \u003cp\u003e10.1 Historical Return and Risk for a Single Asset 317\u003c\/p\u003e \u003cp\u003e10.2 Expected Measures of Return and Risk Self-Check 327\u003c\/p\u003e \u003cp\u003e10.3 Historical Returns and Risk of Different Assets 328\u003c\/p\u003e \u003cp\u003e10.4 Efficient Capital Markets 330\u003c\/p\u003e \u003cp\u003e10.5 Portfolio Returns and Risk 333\u003c\/p\u003e \u003cp\u003e10.6 Diversification 337\u003c\/p\u003e \u003cp\u003e10.7 Portfolio Risk and the Number of Investments 339\u003c\/p\u003e \u003cp\u003e10.8 Capital Asset Pricing Model 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Capital Structure and the Cost of Capital 352\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 353\u003c\/p\u003e \u003cp\u003e11.1 Capital Structure 353\u003c\/p\u003e \u003cp\u003e11.2 Required Rate of Return and the Cost of Capital 357\u003c\/p\u003e \u003cp\u003e11.3 Weighted Average Cost of Capital 363\u003c\/p\u003e \u003cp\u003e11.4 Making Capital Structure Decisions 366\u003c\/p\u003e \u003cp\u003e11.5 Planning Growth Rates 367\u003c\/p\u003e \u003cp\u003e11.6 EBIT\/EPS Analysis 371\u003c\/p\u003e \u003cp\u003e11.7 Combined Operating and Financial Leverage Effects 375\u003c\/p\u003e \u003cp\u003e11.8 Other Costs and Risks 379\u003c\/p\u003e \u003cp\u003e11.9 Debt and Equity 381\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Stocks, Bonds, and the International Market\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Stocks and the Markets: Trading Securities 388\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Types of Common Stock 389\u003cbr\u003e \u003cbr\u003e 12.2 Preferred Stock 392\u003cbr\u003e \u003cbr\u003e 12.3 The New York Stock Exchange 394\u003cbr\u003e \u003cbr\u003e 12.4 Stock Transactions 398\u003cbr\u003e \u003cbr\u003e 12.5 Initial Public Offerings (IPOs) 402\u003cbr\u003e \u003cbr\u003e 12.6 Direct and Indirect Costs of Going Public 408\u003cbr\u003e \u003cbr\u003e 12.7 Trading Securities – Secondary Securities Markets 409\u003cbr\u003e \u003cbr\u003e 12.8 A Word on Commissions 413\u003cbr\u003e \u003cbr\u003e 12.9 Security Market Indexes 414\u003cbr\u003e \u003cbr\u003e 12.10 Inside Information and Other Ethical Issues 416\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Distributions to Stockholders 431\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 432\u003c\/p\u003e \u003cp\u003e13.1 Dividends versus Capital Gains 432\u003cbr\u003e \u003cbr\u003e 13.2 Estimating future Dividends 433\u003cbr\u003e \u003cbr\u003e 13.3 Dividend Stability and Dividend Policy 434\u003cbr\u003e \u003cbr\u003e 13.4 Constant Growth Stocks 435\u003cbr\u003e \u003cbr\u003e 13.5 Reading Stock Quotes 438\u003cbr\u003e \u003cbr\u003e 13.6 Tracking Stocks 440\u003cbr\u003e \u003cbr\u003e 13.7 Evaluating the Corporation 441\u003cbr\u003e \u003cbr\u003e 13.8 Stock Options 444\u003cbr\u003e \u003cbr\u003e 13.9 Dividend Reinvestment Plans 447\u003cbr\u003e \u003cbr\u003e \u003cb\u003e14 Annuities, Bonds, Futures and Options 456\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e 14.1 Annuities 457\u003cbr\u003e \u003cbr\u003e 14.2 Bonds 458\u003cbr\u003e \u003cbr\u003e 14.3 Bondholder Security 464\u003cbr\u003e \u003cbr\u003e 14.4 Other Types of Bonds 466\u003cbr\u003e \u003cbr\u003e 14.5 Bond Income and Strategies 469\u003cbr\u003e \u003cbr\u003e 14.6 Global Bond Market 471\u003cbr\u003e \u003cbr\u003e 14.7 Reading Bond Quotes 472\u003cbr\u003e \u003cbr\u003e 14.8 Futures and Options 473\u003cbr\u003e \u003cbr\u003e \u003cb\u003e15 International Trade and Finance 487\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 International Monetary System 488\u003cbr\u003e \u003cbr\u003e 15.2 European Unification 491\u003cbr\u003e \u003cbr\u003e 15.3 Currency Exchange Markets and Rates 493\u003cbr\u003e \u003cbr\u003e 15.4 Investing Overseas 496\u003cbr\u003e \u003cbr\u003e 15.5 Arbitrage 498\u003cbr\u003e \u003cbr\u003e 15.6 Exchange Rate Developments for the U.S. Dollar 498\u003cbr\u003e \u003cbr\u003e 15.7 Conducting Business Internationally 500\u003cbr\u003e \u003cbr\u003e 15.8 Financing International Trade 502\u003cbr\u003e \u003cbr\u003e 15.9 Other Aids to International Trade 511\u003cbr\u003e \u003cbr\u003e 15.10 Balance in International Trade 511\u003c\/p\u003e \u003cp\u003eAppendices 523\u003cbr\u003e \u003cbr\u003e Glossary 533\u003cbr\u003e \u003cbr\u003e Index 555\u003c\/p\u003e \u003cb\u003eRonald Melicher\u003c\/b\u003e is a Professor of Finance and Chair of the Finance Division in the College of Business at the University of Colorado at Boulder. He is also a President's Teaching Scholar and the W. H. Baughn Distinguished Scholar. Dr. Melicher is currently in his 31st year of teaching at the University of Colorado. \u003cp\u003e\u003cb\u003eEdgar Norton's\u003c\/b\u003e teaching and research interests include investments, corporate finance, and entrepreneurial finance. His research has been published in a variety of finance, economic, and small business journals, including Financial Review nad the Journal of Business Research. A recipient of an Award of Excellence for a research paper at a conference sponsored by the International Council for Small Business, he was recognized in an article in the Journal of Management as one of the most productive entrepreneurship researchers of the early 1990s. He has co-authored four books.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990491971813,"sku":"NP9780470392140","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470392140.jpg?v=1761788041","url":"https:\/\/k12savings.com\/products\/wiley-pathways-finance-reprint-isbn-9780470392140","provider":"K12savings","version":"1.0","type":"link"}