TAILIEUCHUNG - Lecture Principles of Managerial finance (4th edition): Chapter 6 - Lawrence J. Gitman

Chapter 6 - Interest rates and bond valuation. Chapter 6 introduces you to the world of interest rates and bonds. Though bonds are considered to be among the safest investments available, they are not without risk. The primary risk that bond investors face is the risk 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 one bond to another and the factors that cause interest rates to move. | Chapter 6 Interest Rates And Bond Valuation Learning Goals Describe interest rate fundamentals, the term structure of interest rates, and risk premiums. Review the legal aspects of bond financing and bond cost. Discuss the general features, quotations, ratings, popular types, and international issues of corporate bonds. Understand the key inputs and basic model used in the valuation process. Learning Goals (cont.) Apply the basic valuation model to bonds and describe the impact of required return and time to maturity on bond values. Explain the yield to maturity (YTM), its calculation, and the procedure used to value bonds that pay interest semiannually. Interest Rates & Required Returns The interest rate or required return represents the price of money. Interest rates act as a regulating device that controls the flow of money between suppliers and demanders of funds. The Board of Governors of the Federal Reserve System regularly asses economic conditions and, when necessary, .

• Tài chính doanh nghiệp
• Managerial finance
• Principles of managerial finance
• Lecture Principles of managerial finance
• Environment of managerial finance
• Interest rates
• Bond valuation
• Financial services
• Career opportunities
• Financial statements
• Financial analysis
• Cash flow
• Financial planning
• Time value of money
• Future calue
• Risk and Return Fundamentals
• Stock valuation
• Equity capital
• International managerial finance
• Capital budgeting cash flow
• Incremental cash flows
• Capital budgeting techniques
• Net present value
• The cost of capital
• Cost of long term debt
• Marginal cost
• Breakeven analysis
• Capital structure
• Operating breakeven point
• Working capital
• Current asset management
• Spontaneous liabilities
• Accounts payable management
• Short term loans
• Lecture Managerial finance
• Financial options
• Corporate finance
• Option terminology
• Dividend policy
• The financial market environment
• Corporate governance
• Managerial behavior
• Stock options
• Capital budgeting cash flows
• Payout policy
• Current liabilities management
• Business organization
• Maximize wealth
• Financial securities
• Free cash flows
• Future value
• Present value
• Rates of return
• Balance sheet
• Personal taxes