Haim Levy, Hebrew University of Jerusalem
Marshall Sarnat, Hebrew University of Jerusalem

Publisher: Financial Times Press
Copyright: 1994
Format: Paper; 800 pp

ISBN-10:	0131158821
ISBN-13:	9780131158825

Our Price: £54.99
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This book focuses on the practical application of the modern theory of finance to realistic corporate decisions—with an emphasis on the allocation of a firm's long-term capital resources.

 CAPITAL BUDGETING.  The Goal of the Firm.  Capital Budgeting: An Overview.  The Economic Evaluation of Investment Proposals.  Net Present Value Versus Internal Rate of Return.  Using Cash Flows to Evaluate Investments.  Traditional Measures of Investment Worth.  Managing Working Capital.  RISK AND UNCERTAINTY.  Foundations of Risk Analysis.  Measuring Risk.  Applications of Risk Analysis.  Decreasing Risk by Diversification: The Portfolio Approach.  The Capital Asset Pricing Model and Arbitrage Pricing Theory.  LONG-TERM FINANCIAL DECISIONS.  Financial Leverage.  Capital Structure and Valuation.  Bankruptcy Risk and the Choice of Financial Structure.  Defining the Cost of Capital.  Measuring the Cost of Capital.  Dividend Policy.  Options and Futures.  The Lease or Buy Decision.  Mergers.  International Financial Management.  Appendices.  Index.

KEY BENEFIT: Substantial revision of a best-seller by two prominent authors. This book focuses on the practical application of the modern theory of finance to realistic corporate decisions, with an emphasis on the allocation of a firm's long-term capital resources. KEY TOPICS: New chapters on short term working capital management. New real- world examples and data throughout. Inflation material is integrated. Research on capital market theory has been updated. More end of chapter problems have been added.