Characteristics of Bonds o Bonds pay fixed coupon ( interest) payments at fixed intervals(usually every 6 months)and pay the par value at maturity

The Time value of money Compounding and Discounting Single Sums

Financial forecasting 1) Project sales revenues and expenses

Financial statement analysis Are our decisions maximIzing shareholder wealth?

Goal of the Firm 1) Profit Maximization? this goal ignores: a) TIMING of Returns (Time Value of Money Ch. 5) b) UNCERTAINTY of Returns (Risk- Ch. 6)

收入法或收入资本化法,又称现金流贴 现法(Discounted Cash Flow Method,简 称DCF),包括股息(或利息)贴现法和 自由现金流贴现法

Working-Capital Management Current assets cash, marketable securities, inventory accounts receivable Long- Term Assets equipment, buildings, land Which earn higher rates of return? Which help avoid risk of illiquidity?

International Business finance Exchange Rate: the price of one currency in terms of another

上海建桥学院（商学院）：课程教学大纲——工程经济学-工程管理

Term loans Characteristics of Term Loans Secured loans 1-to 10-year maturity Repaid in periodic installments