For information regarding permission(s),write to: Rights and Permissions Department.īrief Contents PART I FOUNDATIONS OF FINANCE 1 Vignette: Problems at Gillette 1 CHAPTER CHAPTER CHAPTER CHAPTER CHAPTERģ 2 Concepts in Valuation 11 3 Market Risk and Returns 49 4 Multivariable and Factor Valuation 85 5 Option Valuation 103 This publication is protected by Copyright and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. Copyright O 2002,1998,1995,1992,1989 by Prentice-Hall, Inc, Upper Saddle River, New Jersey, 07458.All rights reserved. PrinterDinder: Courier-Westford, Kendallville Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Hill Moore Cozier Design: Joseph Sengotta Cover IllustrationPhoto: Ma jory Dressler Full-Service Project Management: Impressions Book and Journal Services, Inc. Boardman Managing Editor (Editorial): Gladys Soto Assistant Editor: Che~ylClayton Editorial Assistant: Melanie Olsen Marketing Manager: Joshua McClary Marketing Assistant: Lauren Tarino Production Manager: Gail Steier de Acevedo Production Editor: Maureen Wilson Permisstons Coordinator: Suzanne Grappi Associate Director, Manufacturing: Vincent Scelta Manufacturing Buyer: Natacha St. Senior Editor: Maureen Riopelle Editor-in-Chief: P.J.

Includes bibliographical references and index. Financial management and policy / James C. Library of Congress Cataloging-in-Publication Data Van Horne, James C. Prentice Hall, Upper Saddle River,New Jersey07458

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