CONTENIDO: Introduction to managerial finance -- The role and environment of managerial finance -- Financial statements and analysis -- Cash flow and financial planning. -- Important financial concepts -- Time value of money -- Risk and return -- Interest rates and bond valuation -- Stock valuation -- Long-term investment decisions -- Capital budgeting cash flows -- Capital budgeting techniques -- Risk and refinements in capital budgeting -- Long-term financial decisions -- The cost of capital -- Leverage and capital structure -- Dividend policy -- Short-term financial decisions -- Working capital and current asset management -- current liabilities management -- Special topics in managerial finance -- Hybrid and derivative securities -- Mergers, LBOs, divestitures, and business failures -- International managerial finance -- Appendixes. A: Financial tables. B: Solutions to self-test problems. C: Answers to selected end-of-chapter problems.