Slide MGT204 Slide03

3-1

Chapter Three

Financial Markets
and
Corporate
Finance
Ross Westerfield Jaffe
Net Present Value
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

3

Sixth Edition

Prepared by
Gady Jacoby
University of Manitoba

and
Sebouh Aintablian
American University of
Beirut
McGraw-Hill Ryerson

© 2003 McGraw–Hill Ryerson Limited

3-2

Chapter Outline
3.1 The Financial Market Economy
3.2 Making Consumption Choices Over Time
3.3 The Competitive Market
3.4 The Basic Principle
3.5 Practicing the Principle
3.6 Illustrating the Investment Decision
3.7 Corporate Investment Decision‑Making
3.8 Summary and Conclusions

McGraw-Hill Ryerson

© 2003 McGraw–Hill Ryerson Limited