Part Eight Special Topics in Managerial Finance

It has become a cliché to say that business is becoming more complex and more global over time, but, like all clichés, the statement has a ring of truth. In this final part, we examine three special topics that are among the most challenging and exciting topics in finance.

Chapter 17 introduces hybrid and derivative securities. A hybrid is a security that has characteristics similar to other securities. For example, preferred stock is a hybrid because it has some debt-like and some equity-like features. Just ...

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