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McGraw-Hill Ryerson

3-1

© 2003 McGraw–Hill Ryerson Limited

Corporate Finance

Ross  Westerfield  Jaffe Sixth Edition

3

Chapter Three

Financial Markets and

Net Present Value

Prepared by Gady Jacoby

University of Manitoba and

Sebouh Aintablian

(2)

McGraw-Hill Ryerson

3-2

© 2003 McGraw–Hill Ryerson Limited

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

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