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Chapter1AnOverviewofFinancialManagementbusiness企业，商业，业务finance财务，理财management管理，管理层revenue收入return回报shareholder股东stakeholder利益相关者stock股票profitmaximization利润最大化shareholderwealthmaximization股东财富最大化enterprisevaluemaximization企业价值最大化hedgerisks规避风险inventory存货currentassets流动资产currentliabilities流动负债financing筹资corporation股份公司earningpershare（EPS）每股收益exchangerate汇率inflation通货膨胀contractualrelations契约关系equity所有者权益dividend股利CFO（ChiefFinancialOfficer）首席财务官，财务总监Chapter2TheTimeValueofMoneyaccrued增值的，应计的annuity普通年金annuityfactor年金系数compoundinterest复利discounting贴现futurevalue终值geometricseries等比数列mortgage抵押ordinaryannuity普通年金perpetuity永续年金presentvalue现值principal本金reinvest再投资simpleinterest单利timevalueofmoney货币时间价值compounding复利计算Chapter3RiskandRewardcapitalassetpricingmodel（CAPM）资本资产定价模型diversification分散化efficientcapitalmarket有效资本市场expectedreturn期望回报market,systematic,orundiversifiablerisk市场风险、系统风险或不可分散风险portfolio组合reward收益，溢酬，溢价risk-aversion风险厌恶risk-neutrality风险中性riskpreference风险偏好riskpremium风险溢价securitymarketsline（SML）证券市场线semi-strongcapitalmarketefficiency半强式资本市场有效spreadout分散squareroot平方根standarddeviation标准差strongcapitalmarketefficiency强式资本市场有效transactioncost交易成本unique,firm-specific,idiosyncratic,unsystematic,ordiversifiablerisk特殊风险、特有风险、虚假风险、非系统风险或可分散风险variance方差volatility波动性weakcapitalmarketefficiency弱式资本市场有效Chapter4FinancialAssetsandTheirValuationasset资产security证券issue（股票，钞票）分发，发行couponrate票面利率，息面利率annual每年的，年度的，一年一次的obligate使（某人）负有责任或义务outstanding未解决的，未偿付的，杰出的calculate估计，预测compensation报酬，工资，补偿物perpetual永久的，永恒的infinite无限的，无穷的substitute替代，取代yield出产，产，出（果实、利润、结果）approximation相似，近似trial-and-error试误法illustrate说明，阐明entitle使人有权拥有……liability负债intrinsicvalue内在价值asymmetry不对称constant不变的，可靠的phase阶段，时期preferredstock优先股Chapter5CapitalBudgetingandInvestmentDecisioncapitalbudgeting资本预算estimatingnetpresentvalue预期净现值theaverageaccountingreturn平均会计报酬率stand-aloneprinciple独立原则theinternalrateofreturn内部收益率thepaybackrule回收期法erosion侵蚀networkingcapital净营运资本opportunitycost机会成本hardrationing硬约束softrationing软约束sunkcost沉没成本incrementalcashflow增量现金流量proformafinancialstatement预估财务报表forecastingrisk预测风险scenarioanalysis情景分析investmentcriteria投资决策标准cashflow现金流量projectcashflow项目现金流量depreciation折旧capitalspending资本性支出garbage-ingarbage-outsystem垃圾进、垃圾出系统bestcaseandworstcase最优情形和最差情形Chapter6WorkingCapitalManagementworkingcapital营运资本speculative投机precautionary预防的buffer缓冲器invoice发票deposit存款disbursement支付expenditure消费trade-off权衡attorney代理人applicant申请人utilization应用dampen使沮丧orderingcost订货成本carryingcost储存成本rawmaterial原材料insurance保险linear线性的bad-debt坏账Chapter7FinancingModesdebtfinancing债务筹资equityfinancing权益投资prospectus招股说明书thegeneralcashoffer普通现金发行therightsoffer配股发行initialpublicoffering(IPO)首次公开发行underwritingdiscount承销折价thesubscriptionprice认购价格collateral抵押品mortgagesecurities抵押债券debenture信用债券sinkingfund偿债基金callprovision赎回条款call-protected赎回保护operatingleases经营性租赁financialleases融资租赁saleandlease-back售后租回leveragedleases杠杆租赁warrants认股权证convertibles可转换债券calloptions看涨期权straightbondvalue纯粹债券价值conversionvalue转换价值securedloans抵押贷款committedlinesofcredit承诺式信贷额度compensatingbalances补偿性余额trustreceipt信托收据Chapter8CapitalStructurecapitalstructure资本结构optimalcapitalstructure最佳资本结构financialleverage财务杠杆homemadeleverage自制杠杆payoff回报proceeds收益financialrisk财务风险interesttaxshield利息税盾directbankruptcycosts直接破产成本indirectbankruptcycosts间接破产成本liquidation清偿reorganization重组absolutepriorityrule绝对优先原则qualification限定条件costofequity股权成本businessrisk经营风险piemodel饼状模型break-evenpoint收益均衡点indifferencepoint无差异点Chapter9DividendDistributiondividendirrelevancetheory股利无关理论retainedearnings留存收益capitalsurplus资本公积earnedsurplus盈余公积legalsurplus法定盈余公积freesurplusreserves任意盈余公积stockholdermeeting股东会declarationdate宣告日holder-of-recorddate股权登记日ex-dividenddate除息日stocksplit股票分割stockdividend股票股利stockrepurchase股票回购declarationdate股利宣布日recorddate股权登记日regulardividend正常股利cashdividend现金股利stockdividend股票股利stockpriceappreciation股价增值openmarket公开市场paymentdate股利支付日goingconcern持续经营