January 2018
Beginner
976 pages
142h 14m
English
book
Principles of Managerial Finance, 15th Edition
by Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman
Content preview from Principles of Managerial Finance, 15th Edition
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Part Three Valuation of Securities,
In Part Two, you learned how to use time-value-of-money tools to compare cash flows at different times. In Part Three, you will put those tools to use by valuing the two most common types of securities: bonds and stocks.
Chapter 6 introduces you to the world of interest rates and bonds. Although bonds are among the safest investments available, they are not without risk. The primary risk is that market interest rates will fluctuate. Those fluctuations cause bond prices to move, and those movements affect the returns that bond investors earn. Chapter 6 explains why interest rates vary from ...
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