Ch. 1. Introduction -- Ch. 2. Financial markets and financial instruments -- Ch. 3. Review of financial statements and selected ratios -- Ch. 4. The relationship between risk and return -- Ch. 5. Time value of money -- Ch. 6. Fixed-income securities : bonds and preferred stock -- Ch. 7. Common stock -- Ch. 8. Cost of capital -- Ch. 9. Introduction to capital budgeting and cash flow estimation -- Ch. 10. Capital budgeting decision methods -- Ch. 11. An introduction to hotel valuation -- Ch. 12. Capital structure.