John Wiley & Sons Introduction to Finance Cover Introduction to Finance, 17th Edition offers students a balanced introduction to the three major are.. Product #: 978-1-119-56117-0 Regular price: $151.40 $151.40 Auf Lager

Introduction to Finance

Markets, Investments, and Financial Management

Melicher, Ronald W. / Norton, Edgar A.

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17. Auflage März 2021
688 Seiten, Softcover
Wiley & Sons Ltd

ISBN: 978-1-119-56117-0
John Wiley & Sons

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Introduction to Finance, 17th Edition offers students a balanced introduction to the three major areas of finance: institutions and markets, investments, and financial management. Updated to incorporate recent economic and financial events, this new edition is an ideal textbook for first courses in finance--reviewing the discipline's essential concepts, principles, and practices in a clear, reader-friendly manner. Students gain an integrated perspective of finance by learning how markets and institutions influence, and are influenced by, individuals, businesses, and governments.

Designed to impart financial literacy to readers with no previous background in the subject, the text provides a solid foundation for students to build upon in later courses in financial management, investments, or financial markets. Equations and mathematical concepts are kept to a minimum, and include understandable, step-by-step solutions. Divided into three parts, the book explains financial markets, discusses the functions of financial systems, reviews savings and investments in different sectors, describes accounting concepts and organizational structures, and more. Real-world examples featured throughout the text help students understand important concepts and appreciate the role of finance in various local, national, and global settings.

Preface iv

Author Bios xii

Part 1 Institutions and Markets

1 The Financial Environment 5

2 Money and the Monetary System 24

3 Banks and Other Financial Institutions 49

4 Federal Reserve System 82

5 Policy Makers and the Money Supply 109

6 International Finance and Trade 137

Part 2 Investments

7 Savings and Investment Process 173

8 Interest Rates 197

9 Time Value of Money 225

10 Bonds and Stocks: Characteristics and Valuations 262

11 Securities and Markets 308

12 Financial Return and Risk Concepts 352

Part 3 Financial Management

13 Business Organization and Financial Data 391

14 Financial Analysis and Long-Term Financial Planning 432

15 Managing Working Capital 466

16 Short-Term Business Financing 503

17 Capital Budgeting Analysis 533

18 Capital Structure and the Cost of Capital 578

Appendix A-1

Glossary G-1

Index I-1