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Textbook
Introduction to Finance: Markets, Investments, and Financial Management, 14th EditionJanuary 2011, ©2011
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PART 1: INSTITUTIONS AND MARKETS 2
Chapter 1: The Financial Environment 4
Chapter 2: Money and the Monetary System 25
Chapter 3: Banks and Other Financial Institutions 49
Chapter 4: Federal Reserve System 79
Chapter 5: Policy Makers and the Money Supply 103
Chapter 6: International Finance and Trade 129
PART 2: INVESTMENTS 156
Chapter 7: Savings and Investment Process 158
Chapter 8: Interest Rates 179
Chapter 9: Time Value of Money 205
Chapter 10: Bonds and Stocks: Characteristics and Valuations 237
Chapter 11: Securities Markets 281
Chapter 12: Financial Return and Risk Concepts 317
PART 3: FINANCIAL MANAGEMENT 350
Chapter 13: Business Organization and Financial Data 352
Chapter 14: Financial Analysis and Long-Term Financial Planning 387
Chapter 15: Managing Working Capital 417
Chapter 16: Short-Term Business Financing 451
Chapter 17: Capital Budgeting Analysis 479
Chapter 18: Capital Structure and the Cost of Capital 521
Appendix 553
Glossary 562
Index 575
- New extensive coverage of the 2007-2009 Financial Crisis.
- New discussion on Money Market Securities.
- Reorganised Federal Reserve System coverage now included roles of past and current chairs of the Federal Board of Governors.
- Time Value of Money. Enhanced coverage includes numerous examples showing how to perform calculations with formulas, interest factor tables, Excel spreadsheets, and step-by-step financial calculator keystrokes.
- Revised End-of-Chapter problems and illustrations, at least 5 new problems per chapter.
- Continued business ethics coverage. Covers a wide range of situations from clearly illegal unethical behavior (insider trading) to less clear situations.
- Global Focus. Covers how monetary systems differ worldwide, how foreign exchange rates work, and what causes them to change.
- Spreadsheet Illustrations show how to set up spreadsheets to perform basic financial analysis and explains how to use various Excel functions.
- Career Profile features add a personal, real-world relevance to the material, especially for students considering a finance career.
- Boxed features. Includes Small Business Practice, Personal Financial Planning, and Career Opportunities in Finance to illustrate practices in finance.
- End-of-chapter questions and Concept Checks to quiz students on content.
- Continuing case study. Walgreens and the retail drug store industry are used in the Investments and Financial Management chapters as a means of presenting and analysing data.



