Finance Applications and Theory 2nd edition作者
Marcia Millon Cornett
Troy A. Adair Jr.
John Nofsinger

金融应用和理论 第二版。。



比较基础的东西。。。


有教如何计算股票，计算债卷，投资类的。。
还有计算各种银行利息什么的。。。
都是投资和存储之类的。。。
还有退休存款什么的{:soso_e134:} 利滚利的东西。。

这是封面。。






。。。下载要2个都下了才能解压

这是单独第四章。。


目录

Chapter 1: Introduction to Financial Management
• Revised Chapter 1 figures—simplified text within the graphs and collected the figures in sequential order to better illustrate series relationships
• Added captions to graphs/figures to discuss the inputs and highlights
• Added an explicit distinction between finance and accounting as disciplines in the section “What Is Finance?”
• Added a Section 1.7 that deals with the financial crisis and how the events
of the crisis pertain to students using this book

Chapter 2: Reviewing Financial Statements
• Added “other operating expenses” as an income statement item
• Added net working capital as a formula
• Added discussion of MACRS versus straight-line depreciation
• Statement of cash flows section to separate GAAP accounting principles and noncash income statement entries
• Reworked statement of cash flows section to include clearer references to the sections listed in Table 2.4
• Free cash flow equation has been revised and discussion has been updated

Chapter 3: Analyzing Financial Statements
• Placed the discussion of each ratio immediately after the ratio
• Numbered ratios used in examples, with the industry ratio placed alongside each ratio
• Added “other operating expenses” as an income statement item

Chapter 4: Time Value of Money 1: Analyzing Single Cash Flows
• Expanded the introductory discussion to highlight the relevance of the topic to individual students
• Expanded Example 4.1 to include more explanation
• Included new TVM “Caveat Emptor” box
• Added a new Math Coach box for spreadsheet TVM functions

Chapter 5: Time Value of Money 2: Analyzing Annuity Cash Flows
• Updated the Finance at Work box on retirement to include recent trends
• Added a new Math Coach box on the cash flow registers in the TVM
calculator
• Added a new Math Coach to cover annuity computations in spreadsheets
• Added a discussion and end-of-chapter problems about add-on interest

Chapter 6 (previously Chapter 8): Understanding Financial Markets and
Institutions
• Moved from Chapter 8 to precede the discussion of stocks and bonds
• Examines how changes in the way financial institutions deliver services
played a major part in the events leading up to the severe financial crisis
starting in 2008
• Added an online appendix that provides a more detailed discussion of
the causes of, major events during, and regulatory and industry changes
resulting from the financial crisis
• Deleted or updated references to failed or merged financial institutions as
needed
• Expanded on the previous discussion of a private placement
• Updated all data in the body of the chapter, figures, and tables
• Included a discussion of the role of mortgage and derivative securities
markets in the financial crisis
• Added a discussion of commercial banks’ shift from a risk measurement
and management role to an originate and distribute role in financial
markets
• Added a discussion of the Federal Reserve’s efforts to address the severe
financial crisis
• Added a Finance at Work box that discusses the Fed’s actions during the
crisis

Chapter 7 (previously Chapter 6): Valuing Bonds
• This chapter uses all real data, companies, and scenarios
• Updated all data, processes, and company names in the body of the chapter, figures, and tables
• Defined indenture as a new key term
• Added a Math Coach as a reminder on decimal point conversion
• Added mortgage-backed securities discussion and a new Financial Crisis
box

Chapter 8 (previously Chapter 7): Valuing Stocks
• This chapter uses all real data, companies, and scenarios
• Updated all data, processes, and company names in the body of the chapter, figures, and tables
• Updated NYSE merger status to reflect its current situation
• Added a discussion on the effects of the financial crisis
• Updated the investor psychology box
• Added additional constant growth rate model analysis
• Updated the Research It! and MiniCase features

Chapter 9: Characterizing Risk and Return
• Added the geometric mean return as a key concept and also made it a key
term
• Discussed emotionally based decisions during stock market plunges
• Expanded the discussion of portfolio domination
• Expanded diversification discussion to include international markets

Chapter 10: Estimating Risk and Return
• Revised introduction to add clarity
• Added a Finance at Work box on “Risk: Theory and Behavior”
• Added the behavioral finance concept of overconfidence and highlighted
it as a key term

Chapter 11: Calculating the Cost of Capital
• Revised explanation of WACC to add more intuition concerning the
explicit meaning of the weights
• Enhanced figure captions and revised figure flow to better explain divisional WACC

Chapter 12: Estimating Cash Flows on Capital Budgeting Projects
• Enhanced introduction to the topic of pro forma statement analysis to better explain the goal of the chapter
• Simplified discussion of opportunity costs, sunk costs, substitutionary and
complementary effects
• Expanded discussion of tax effects of negative EBIT
• Expanded and simplified discussion of inclusion of changes in NWC

Chapter 13: Weighing Net Present Value and Other Capital Budgeting Criteria
• Added introductory table comparing and contrasting relevant attributes of
all capital budgeting techniques covered in the chapter
• Refined discussion concerning the manager’s choice of decision statistic
format
• Moved discussion of payback and discounted payback to precede that of
NPV to begin discussing capital budgeting techniques with those intuitively easiest to understand
• Added enhanced explanation of relationship between NPV and IRR
• Refined explanation of the superiority of NPV’s implicit assumption concerning reinvestment rate
• Enhanced discussion flow of decision processes for choosing between
mutually exclusive projects

Chapter 14 (previously Chapter 17): Addressing Working Capital Policies and
Managing Short-Term Assets and Liabilities
• Moved adjacent to Chapter 13 for better tie-in with previous discussions of
cash flows and capital budgeting techniques
• Revised captions and diagrams to simplify discussion of short-term financial policy

Chapter 15 (previously Chapter 20): Financial Planning and Forecasting
• Moved from the website into the book for this edition
• Placed adjacent to Chapter 14 for better tie-in with previous discussions of
cash flows, capital budgeting techniques, and NWC policy
• Enhanced discussion of MAPE to better explain its use as a measure of
forecast accuracy
• Enhanced discussion of AFN with lumpy assets

Chapter 16 (previously Chapter 14): Assessing Long-Term Debt, Equity, and Capital
Structure
• Moved adjacent to Chapter 15 to build on idea of altering capital structure
in light of previous discussion of forecasting
• Simplified and enhanced explanation of Modigliani-Miller theorem

Chapter 17 (previously Chapter 15): Sharing Firm Wealth: Dividends, Share
Repurchases, and Other Payouts
• Moved adjacent to Chapter 16 to highlight relationship between capital
structure and dividend payout decisions
• Enhanced comparison of capital gains versus dividend payouts

Chapter 18 (previously Chapter 16): Issuing Capital and the Investment Banking Process
• Added material on the impact of the financial crisis in capital markets and investment banking, as well as a small firm’s ability to get loans
• Added discussion and a figure illustrating the credit process for a small or midmarket business
• Added a Finance at Work box highlighting the absence of IPOs during the financial crisis
• Added a discussion of the use of unused loan commitments by firms during the financial crisis
• Addressed the freezing of the commercial paper market during the financial crisis
• Expanded detail on Standard & Poor’s, Moody’s, and Fitch commercial paper ratings

Chapter 19 (previously Chapter 18): Considering International Aspects of Corporate Finance
• Updated Starbucks’ international business structure
• New Finance at Work box on “Quantitative Easing and Exchange Rates”
• Added discussion of Venezuelan nationalization of some industries

Chapter 20 (previously Chapter 19): Managing Mergers and Acquisitions and
Financial Distress
• Added a discussion of the impact of the financial crisis on the number of
distressed and failing firms
• Analyzed the bankruptcies of GM and Chrysler and the near-bankruptcy
of Ford
• Probed the impact of the financial crisis on M&A activity
• Added Finance at Work box on Chapter 11 bankruptcy and the “Big Three” U.S. automakers