Title: Finance: Financial Markets, Business Finance, and Asset Management / Edition 1
Author: Frank J. Fabozzi, Pamela Peterson Drake
ISBN-10: 0470407352
ISBN-13: 9780470407356
Financial managers and investment professionals need a solidfoundation in finance principles and applications in order to makethe best decisions in today’s ever-changing financial world.Written by the experienced author team of Frank Fabozzi and PamelaPeterson Drake, Finance examines the essential elements ofthis discipline and makes them understandable to a wide array ofindividuals, from seasoned professionals looking to fine-tune theirfinancial skills to newcomers seeking genuine guidance through thedynamic world of finance. Divided into four comprehensive parts, this reliable resourceopens with an informative introduction to the basic tools ofinvesting and financing decision-making—financial mathematicsand financial analysis (Part I). From here, you’ll become familiarwith the fundamentals of capital market theory, including financialmarkets, financial intermediaries, and regulators of financialactivities (Part II). You’ll also gain a better understanding ofinterest rates, bond and stock valuation, asset pricing theory, andderivative instruments in this section. Part III moves on to detail decision-making within a businessenterprise. Topics touched upon here include capitalbudgeting—that is, whether or not to invest in specificlong-lived projects—and capital structure. Management ofcurrent assets and risk management are also addressed. By covering the basics of investment decision-making, Part IVskillfully wraps up this accessible overview of finance. Beginningwith the determination of an investment objective, this partproceeds to demonstrate portfolio theory and performanceevaluation, and also takes the time to outline techniques formanaging equity and bond portfolios as well as discuss the bestways to use derivatives in the portfolio management process. Filled with in-depth insights and practical advice,Finance puts this field in perspective. And while a lot ofground is covered in this book, this information will help youappreciate and understand the complex financial issues that today’scompanies and investors constantly face.
