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I just want to say that the book was in very good condition as well as it came in a few days quicker than i expected
The book was in great condition and was mailed out timely. I like the way I was able to track the book during the mailing process. The description of the book was correct. In fact, I received the book sooner then promised.
The book needs a good teacher/instructor in order to "come alive" - not a book for self-study. The exercises could be improved upon. But then again, which Finance book is.
although I got one in good shape. Did not get the CD i was promised.
I can tell it was written on a schedule.sloppy wording, confusing definitions, and unintuitive examples and explanations. Financial managers also must make finance decisions relating to how to finance the firm.
Therefore, it is called the weighted average cost of capital (WACC).As in the rest of the book, too many words, no directness or clarity.Don't buy this book for self-study; you'll spend most of your time trying to decipher the obfuscating sentences. Also, what percentage of current earnings should be retained and reinvested rather than paid out as dividends.
In particular, what mix of debt and equity should be used, and what specific types of debt and equity should be issued. This is a return from investors' perspectives, but it is a cost from the company's point of view.
This book falls into the category of professors who know the material, but just can't communicate it. This information isn't that tough to understand.poor writing makes it so.Here's a paragraph defining WACC, p.11.
Along with these financing decisions, the general level of interest rates in the economy, the risk of the firm's operations, and stock market investors' overall attitude toward risk determine the rate of return that is required to satisfy a firm's investors.
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