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Finance in a Nutshell

Description

No other book is a comprehensive toolkit of financial issues, instructive, and so easy to read, all at the same time – this is an easy-to-read guide to the hard-to-understand stuff of business finance. The author regularly gives talks, seminars, and courses for executives and is very aware of their lack of understanding (or their inability to remember) simple but key financial concepts and tools. He is continually asked to recommend a simple book that helps them to refresh key financial concepts and tools.Self-contained: Other than some elementary algebra, no other previous knowledge will be necessary to understand the concepts discussed.Comprehensive: It will contain most or all topics, concepts, and tools that executives can easily forget, find hard to understand, and/or would like to know more about.Simple and easy to read: Many well-educated executives have all but forgotten their finance and are regularly put off by books that are far more academic than they need. This book will be written in a simple and conversational style.Concise with short chapters throughout: This is critical as many executives are put off by long books or never ending chapters.Essential elementary theory and many real-world examples. All concepts and tools will be illustrated with catchy and factual examples.Excel: Spreadsheets have become an inseparable part of working in Finance and this book will show readers how to use Excel to simplify their work.Test Yourself: problems with worked numerical solutions throughout.

Keywords

net capital expense mean compound return average historical difference semiannual discount rates unlevered equity reverse valuation cumulative standard deviation arithmetic mean return unlevered company geometric mean return one year down the road equity free cash flow holding period increases investment horizon increases mean annual return annual compound return capital free cash flow unlevered beta market risk premium growing perpetuity continuously compounded returns hypothetical stocks allocation restriction semiannual yield proper discount rate

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