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
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