Financial Management: Principles and Applications, 13/e

M

• Maakestad, William J., 371n

• MACRS (modified accelerated cost recovery system), 43n, 378, 406–407 , 407t

• Madoff, Bernie, 10

• Majority voting, 304, 321

• Mandated investment projects, 332

• Marginal cash flows, 13

• Marginal tax rates, 47t, 48, 48t, 68

• Marketable securities, 591–592

• Market cap, 29f

• Market capitalization, 485

• Market comparables, 311

• Market portfolio, 233–238 , 244

• Market prices. See Stock price(s)

• Market risk premium, 240, 245, 460. See also Risk premium

  • estimating, 461

• Market’s required yield

  • bond valuation and, 266–269 , 273–275 , 274f, 319t

  • defined, 323

  • preferred stock, 317–318 , 319t

• Market-to-book ratio, 102–103 , 106t, 112, 113

• Market value

  • book value vs., 55, 450

  • defined, 49, 69

  • enterprise value vs., 484–486

  • of forward ...