Financial Management: Principles and Applications, 13/e

L

• Law of one price, 617, 626

• Lease contracts

  • automobile lease-or-buy decision, 513

  • capital lease, 511

  • leasing vs. buying, 511f

  • net lease, 512

  • operating and maintenance expenses, 512

  • operating lease, 511

  • potential cost differences, 512

  • residual value and, 512

  • salvage value and, 511, 511f

  • tax benefits, 512

• Level perpetuities, 173, 174, 181

• Leveraged buyout firms, 24–25 , 35

• Leveraged buyout funds, 24–25

• Liabilities

  • in balance sheets, 51–53

  • current, 587–589

  • total, 49

• LIBOR (London Interbank Offered Rate), 257–258 , 290, 656

• Life insurance, 256, 638

• Limited liability company (LLC), 6f, 7–8 , 16

• Limited partners/partnership, 6, 6f, 16

• Line of credit, 588t, 589–590 , 599

• Lintner, John, 543

• Liquidity

  • consequences of having excess liquid assets, ...