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Contents List of figures List of tables Preface Acknowledgments Guided Tour PART 1 A FRAMEWORK FOR FINANCIAL DECISIONS 1 An overview of financial decisions 2 The financial environment 3 Present values and financial arithmetic 4 Valuation of assets, shares and companies PART 2 INVESTMENT DECISIONS AND STRATEGIES 5 Investment appraisal methods 6 Project appraisal – applications 7 Investment strategy and process PART 3 INVESTMENT RISK AND RETURN 8 Analysing investment risk 9 Relationships between investments: portfolio theory 10 Setting The Risk Premium: The Capital Asset Pricing Model 11 The required rate of return on investment and shareholder value analysis 12 Identifying and valuing options PART 4 SHORT-TERM FINANCING AND POLICIES 13 Treasury management and working capital policy 14 Short-term asset management 15 Short- and medium-term finance PART 5 STRATEGIC FINANCIAL DECISIONS 16 Long-term finance 17 Returning value to shareholders: the dividend decision 18 Capital structure and the required return 19 Does capital structure really matter? 20 Acquisitions and restructuring PART 6 INTERNATIONAL FINANCE 21 Managing currency risk 22 Foreign investment decisions 23 Review and frontiers of finance Appendix A Solutions to self-assessment activities Appendix B Solutions to selected questions Appendix C Present value interest factor (PVIF) Appendix D Present value interest factor for an annuity (PVIFA) ...