PART 1 INTRODUCTION 1. The Financial Manager and the Firm -- 2. The Financial System and the Level of Interest Rates -- 3. Financial Statements, Cash Flows, and Taxes -- 4. Analyzing Financial Statements -- 5. The Time Value of Money -- 6. Discounted Cash Flows and Valuation -- 7. Risk and Return -- 8. Bond Valuation and the Structure of Interest Rates -- 9. Stock Valuation -- 10. The Fundamentals of Capital Budgeting -- 11. Cash Flows and Capital Budgeting -- 12. Evaluating Project Economics and Capital Rationing -- 13. The Cost of Capital -- 14. Working Capital Management -- 15. How Firms Raise Capital -- 16. Capital Structure Policy -- 17. Dividends, Stock Repurchases, and Payout Policy -- 18. Business Formation, Growth, and Valuation -- 19. Financial Planning and Managing Growth -- 20. Options and Corporate Finance -- 21. International Financial Management.