, page i
Foundations
of
Financial
Management
SEVENTEENTH EDITION
Stanley B. Block
Texas Christian University
Geoffrey A. Hirt
DePaul University
Bartley R. Danielsen
North Carolina State University
2
, page ii
FOUNDATIONS OF FINANCIAL MANAGEMENT, SEVENTEENTH EDITION
Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright © 2019 by McGraw-Hill
Education. All rights reserved. Printed in the United States of America. Previous editions © 2017, 2014, and 2011.
No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database
or retrieval system, without the prior written consent of McGraw-Hill Education, including, but not limited to, in
any network or other electronic storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the United
States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI/LWI 21 20 19 18
ISBN 978-1-260-01391-7
MHID 1-260-01391-X
Portfolio Manager: Charles Synovec
Product Developers: Allison McCabe
Marketing Manager: Trina Maurer
Content Project Managers: Fran Simon/Angela Norris
Buyer: Sandy Ludovissy
Design: Jessica Cuevas
Content Licensing Specialists: Melissa Homer
Cover Image: ©fototrav/Getty Images
Compositor: SPi Global
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
Library of Congress Cataloging-in-Publication Data
Names: Block, Stanley B., author. | Hirt, Geoffrey A., author. | Danielsen, Bartley R., author.
Title: Foundations of financial management / Stanley B. Block, Texas Christian University,
Geoffrey A. Hirt, DePaul University, Bartley R. Danielsen, North Carolina State University.
Description: Seventeenth Edition. | Dubuque : McGraw-Hill Education, [2018] | Revised
edition of the authors’ Foundations of financial management, [2017]
Identifiers: LCCN 2018023101 | ISBN 9781260013917 (alk. paper)
Subjects: LCSH: Corporations—Finance.
Classification: LCC HG4026 .B589 2018 | DDC 658.15—dc23 LC record available at
https://lccn.loc.gov/2018023101
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does
not indicate an endorsement by the authors or McGraw-Hill Education, and McGraw-Hill Education does not
guarantee the accuracy of the information presented at these sites.
3
, mheducation.com/highered
4
Foundations
of
Financial
Management
SEVENTEENTH EDITION
Stanley B. Block
Texas Christian University
Geoffrey A. Hirt
DePaul University
Bartley R. Danielsen
North Carolina State University
2
, page ii
FOUNDATIONS OF FINANCIAL MANAGEMENT, SEVENTEENTH EDITION
Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright © 2019 by McGraw-Hill
Education. All rights reserved. Printed in the United States of America. Previous editions © 2017, 2014, and 2011.
No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database
or retrieval system, without the prior written consent of McGraw-Hill Education, including, but not limited to, in
any network or other electronic storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the United
States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI/LWI 21 20 19 18
ISBN 978-1-260-01391-7
MHID 1-260-01391-X
Portfolio Manager: Charles Synovec
Product Developers: Allison McCabe
Marketing Manager: Trina Maurer
Content Project Managers: Fran Simon/Angela Norris
Buyer: Sandy Ludovissy
Design: Jessica Cuevas
Content Licensing Specialists: Melissa Homer
Cover Image: ©fototrav/Getty Images
Compositor: SPi Global
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
Library of Congress Cataloging-in-Publication Data
Names: Block, Stanley B., author. | Hirt, Geoffrey A., author. | Danielsen, Bartley R., author.
Title: Foundations of financial management / Stanley B. Block, Texas Christian University,
Geoffrey A. Hirt, DePaul University, Bartley R. Danielsen, North Carolina State University.
Description: Seventeenth Edition. | Dubuque : McGraw-Hill Education, [2018] | Revised
edition of the authors’ Foundations of financial management, [2017]
Identifiers: LCCN 2018023101 | ISBN 9781260013917 (alk. paper)
Subjects: LCSH: Corporations—Finance.
Classification: LCC HG4026 .B589 2018 | DDC 658.15—dc23 LC record available at
https://lccn.loc.gov/2018023101
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does
not indicate an endorsement by the authors or McGraw-Hill Education, and McGraw-Hill Education does not
guarantee the accuracy of the information presented at these sites.
3
, mheducation.com/highered
4
