This text covers topics such as foundations of financial management, financial markets and interest rates, financial statements and cash flows, planning and budgeting, and valuation and characteristics of stocks and bonds. Other topics include cost capital, dividend policy, working-capital management, liquid asset management, and international business finance. An accompanying Web site offers an online version of the book enhanced with multimedia elements including quizes, video exercises, polls showing opinions of the student's class members, and the individual student's professor's comments. Keown teaches finance at Virginia Polytechnic and State University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Keown's Finance ActiveBook is an interactive, online, digital book that uses multimedia resources to greatly enhance the learning experience. FM 9e builds the presentation around the “10 Principles of Finance” as an insightful framework for showing “the big picture” of finance. This book provides a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. Chapter topics include an introduction to the foundations of financial management; the financial markets and interest rates; understanding financial statements and cash flows; evaluating a firm's financial performance; financial forecasting, planning, and budgeting; the time value of money; valuation and characteristics of bonds; valuation and characteristics of stock; the meaning and measurement of risk and return; capital-budgeting techniques and practice; cash flows and other topics in capital budgeting; cost of capital; determining the financing mix; dividend policy and internal financing; introduction to working-capital management; liquid asset management; and international business finance. For anyone looking for a lasting understanding of the fundamentals of finance.
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