,P RACTICAL F INANCIAL M ANAGEMENT
fifth edition
WILLIAM R. LASHER
Nichols College
, Practical Financial Management, Fifth Edition
William R. Lasher
VP/Editorial Director: Content Project Manager: Printer:
Jack W. Calhoun Patrick Cosgrove RR Donnelley, Inc.
Willard, OH
Editor-in-Chief: Manager, Editorial Media:
Alex von Rosenberg John Barans Art Director:
Bethany Casey
Executive Editor: Senior Technology Project Manager:
Mike Reynolds Matt McKinney Internal Designer:
Nicholas and Diane Gliebe
Senior Developmental Editor: Senior Manufacturing Coordinator:
Susanna C. Smart Sandee Milewski Cover Designer:
Bethany Casey
Marketing Manager: Production House:
Jason Krall Graphic World, Inc. Cover and Internal Illustrations:
Curtis Parker, Scott Hull Associates
Senior Marketing Communications Compositor:
Manager: International Typesetting &
Jim Overly Composition
COPYRIGHT © 2008, 2005 ALL RIGHTS RESERVED. Library of Congress Control Number:
Thomson South-Western, a part of The No part of this work covered by the 2006935644
Thomson Corporation. Thomson, the copyright hereon may be reproduced
Star logo, and South-Western are or used in any form or by any
trademarks used herein under license. means—graphic, electronic, or For more information about our
mechanical, including photocopying, products, contact us at:
Printed in the United States of America recording, taping, Web distribution or Thomson Learning Academic Resource
1 2 3 4 5 09 08 07 06 information storage and retrieval sys- Center
tems, or in any other manner—without
Student Edition ISBN 13: the written permission of the publisher. 1-800-423-0563
978-0-324-42262-7
Student Edition ISBN 10: For permission to use material from this Thomson Higher Education
0-324-42262-8 text or product, submit a request online 5191 Natorp Boulevard
Student Edition (PKG) ISBN 13: at http://www.thomsonrights.com. Mason, OH 45040
978-0-324-42263-4
USA
Student Edition (PKG) ISBN 10:
0-324-42263-6
, For the lights of my life,
Donna and our Amanda Noel
fifth edition
WILLIAM R. LASHER
Nichols College
, Practical Financial Management, Fifth Edition
William R. Lasher
VP/Editorial Director: Content Project Manager: Printer:
Jack W. Calhoun Patrick Cosgrove RR Donnelley, Inc.
Willard, OH
Editor-in-Chief: Manager, Editorial Media:
Alex von Rosenberg John Barans Art Director:
Bethany Casey
Executive Editor: Senior Technology Project Manager:
Mike Reynolds Matt McKinney Internal Designer:
Nicholas and Diane Gliebe
Senior Developmental Editor: Senior Manufacturing Coordinator:
Susanna C. Smart Sandee Milewski Cover Designer:
Bethany Casey
Marketing Manager: Production House:
Jason Krall Graphic World, Inc. Cover and Internal Illustrations:
Curtis Parker, Scott Hull Associates
Senior Marketing Communications Compositor:
Manager: International Typesetting &
Jim Overly Composition
COPYRIGHT © 2008, 2005 ALL RIGHTS RESERVED. Library of Congress Control Number:
Thomson South-Western, a part of The No part of this work covered by the 2006935644
Thomson Corporation. Thomson, the copyright hereon may be reproduced
Star logo, and South-Western are or used in any form or by any
trademarks used herein under license. means—graphic, electronic, or For more information about our
mechanical, including photocopying, products, contact us at:
Printed in the United States of America recording, taping, Web distribution or Thomson Learning Academic Resource
1 2 3 4 5 09 08 07 06 information storage and retrieval sys- Center
tems, or in any other manner—without
Student Edition ISBN 13: the written permission of the publisher. 1-800-423-0563
978-0-324-42262-7
Student Edition ISBN 10: For permission to use material from this Thomson Higher Education
0-324-42262-8 text or product, submit a request online 5191 Natorp Boulevard
Student Edition (PKG) ISBN 13: at http://www.thomsonrights.com. Mason, OH 45040
978-0-324-42263-4
USA
Student Edition (PKG) ISBN 10:
0-324-42263-6
, For the lights of my life,
Donna and our Amanda Noel
