Finance : introduction to institutions, investments, and management / Ronald W. Melicher, Edgar A. Norton.

Includes bibliographical references and index.

Financial environment -- Institutions and markets: Money and the monetary system; Banks and other financial institutions; Federal reserve system; Policy makers and the money supply; International trade and finance -- Investments: Savings and investment process; Structure of interest rates; Time value of money; Bonds and stocks: Characteristics and valuations; Securities markets; Financial return and risk concepts -- Financial management: Business organization and financial data; Financial analysis and long-term financial planning; Managing working capital; Short term business financing; Capital budgeting analysis; Capital structure and the cost of capital -- Glossary.

How do financial markets and institutions affect businesses and individuals? How do firms raise funds? How can you use markets and institutions to meet your own personal goals? To answer questions such as these, you need an integrated understanding of financial markets, institutions, and management. [In this text, the authors] help you appreciate the interrelationships among the three different financial disciplines. The text not only equips you with a solid foundation of basic knowledge, concepts, and terms, it also offers insights into the practice of finance in large corporations small businesses, and personal financial planning.-Back cover.