Solutions Manual

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Solutions Manual

FINANCIAL MANAGEMENT
Principles and Practice Fifth Edition

Timothy J. Gallagher
Colorado State University

 2009 Freeload Press, Madison Wisconsin

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Solutions Manual
to accompany

Financial Management: Principles and Practice
5th Edition
by Timothy J. Gallagher

This solutions manual provides the answers to all the review questions and end-of-chapter problems in Financial Management: Principles and Practice, by Timothy Gallagher. The answers and the steps taken to obtain the answers are shown. Readers are reminded that in finance there is often more than one answer to a question or to a problem, depending on one‘s viewpoint and assumptions. One answer is provided here to each question and one approach is shown for solving each problem. Other answers and approaches may be equally valid, or judged even better according to each individual‘s preference.

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TABLE OF CONTENTS Chapter 1 Solutions....................................................................................................................5 Chapter 2 Solutions....................................................................................................................9 Chapter 3 Solutions..................................................................................................................13 Chapter 4 Solutions..................................................................................................................16 Chapter 5 Solutions..................................................................................................................24 Chapter 6 Solutions..................................................................................................................34 Chapter 7 Solutions..................................................................................................................41 Chapter 8 Solutions..................................................................................................................53 Chapter 9 Solutions..................................................................................................................61 Chapter 10 Solutions ...............................................................................................................67 Chapter 11 Solutions ...............................................................................................................79 Chapter 12 Solutions ...............................................................................................................93 Chapter 13 Solutions .............................................................................................................103 Chapter 14 Solutions .............................................................................................................113 Chapter 15 Solutions .............................................................................................................120 Chapter 16 Solutions .............................................................................................................124 Chapter 17 Solutions .............................................................................................................131 Chapter 18 Solutions .............................................................................................................138 Chapter 19 Solutions .............................................................................................................147 Chapter 20 Solutions .............................................................................................................163 Chapter 21 Solutions .............................................................................................................167

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Chapter 1 Solutions Answers to Review Questions
1. How is finance related to the disciplines of accounting and economics? Financial management is essentially a...
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