Key features of bonds
Types of bond
A long-term debt instrument in which a
borrower agrees to make payments of
principal and interest, on specific dates,
to the holders of the bond.
What is Corporate Finance?
Role of The Financial Manager
(1) Cash raised from investors
(2) Cash invested in firm
(3) Cash generated by operations
(4a) Cash reinvested
(4b) Cash r
The time value of
One of the basic problems faced by financial
manager is how to determine the value
today of cash flows expected in the future.
A dollar in hand today is worth more than a
dollar promised at some time in the future.