SheridanTitman•ArthurJ.Keown•JohnD.MartinCustomEditionforTexasTechUniversityTakenfrom:FinancialManagement:Principles&Applications,EleventhEditionbySheridanTitman,ArthurJ.Keown,andJohnD.MartinFinancialManagementPrinciplesandApplications000200010270740296_t-1.pdf3/29/118:44AM-1-()CoverArt:Takenfrom:FinancialManagement:Principles&Applications,EleventhEditionbySheridanTitman,ArthurJ.Keown,andJohnD.MartinCopyright©2011,2008,2006,2003,2001byPearsonEducation,Inc.PublishedbyPrenticeHallUpperSaddleRiver,NewJersey07458Allrightsreserved.Nopartofthisbookmaybereproduced,inanyformorbyanymeans,withoutpermissioninwritingfromthepublisher.ThisspecialeditionpublishedincooperationwithPearsonLearningSolutions.Alltrademarks,servicemarks,registeredtrademarks,andregisteredservicemarksarethepropertyoftheirrespectiveownersandareusedhereinforidentificationpurposesonly.PearsonLearningSolutions,501BoylstonStreet,Suite900,Boston,MA02116APearsonEducationCompanywww.pearsoned.comPrintedintheUnitedStatesofAmerica12345678910XXXX161514131211000200010270740296CYISBN10:1-256-07794-1ISBN13:978-1-256-07794-7CourtesyofGlowImages/GettyImagesandPhotodisc/GettyImages.000200010270740296_t-1.pdf3/29/118:44AM-2-()iiiPrefacexviiiPart1:IntroductiontoFinancialManagementCHAPTER1GettingStarted—PrinciplesofFinance2CHAPTER2FirmsandtheFinancialMarket18CHAPTER3UnderstandingFinancialStatements,Taxes,andCashFlows36CHAPTER4FinancialAnalysis—SizingUpFirmPerformance74Part2:ValuationofFinancialAssetsCHAPTER5TimeValueofMoney—TheBasics126CHAPTER6TheTimeValueofMoney—AnnuitiesandOtherTopics158CHAPTER7AnIntroductiontoRiskandReturn—HistoryofFinancialMarketReturns194CHAPTER8RiskandReturn—CapitalMarketTheory226CHAPTER9DebtValuationandInterestRates260CHAPTER10StockValuation302Part3:CapitalBudgetingCHAPTER11InvestmentDecisionCriteria332BriefContents000200010270740296_t-1.pdf3/29/118:44AM-3-()CHAPTER12AnalyzingProjectCashFlows378CHAPTER13RiskAnalysisandProjectEvaluation416CHAPTER14TheCostofCapital452Part5:LiquidityManagementa...