Arthur J. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor’s degree from Ohio Wesleyan University, his MBA from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, he has received five Certificates of Teaching Excellence, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award, and in 1999 he received the Outstanding Faculty Award from the State of Virginia. In 2016, he was named to be one of 10 Alumni Distinguished Professors on campus and the first and only Alumni Distinguished Professor in the Pamplin College of Business. 

Professor Keown is widely published in academic journals. His work has appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country– Financial Management and Foundations of Finance: The Logic and Practice of Financial Management .

Professor Keown is a Fellow of Decision Sciences Institute and served as Department Head for 12 years. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management  Association’s Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan’s Athletic Hall of Fame for wrestling. His daughter and son are both married and live in Houston, TX, and on Jeju Island in South Korea, while he and his wife live in Blacksburg, VA, where he collects original art from Mad magazine.

PART I: FINANCIAL PLANNING 

1. The Financial Planning Process 

2. Measuring Your Financial Health and Making a Plan 

3. Understanding and Appreciating the Time Value of Money 

4. Tax Planning and Strategies 

PART II: MANAGING YOUR MONEY 

5. Cash or Liquid Asset Management 

6. Using Credit Cards: The Role of Open Credit 

7. Student and Consumer Loans: The Role of Planned Borrowing 

8. The Home and Automobile Decision 

PART III: PROTECTING YOURSELF WITH INSURANCE 

9. Life and Health Insurance 

10. Property and Liability Insurance 

PART IV: MANAGING YOUR INVESTMENTS  

11. Investment Basics 

12. Investing in Stocks 

13. Investing in Bonds and Other Alternatives 

14. Mutual Funds: An Easy Way to Diversify 

PART V: LIFE CYCLE ISSUES 

15. Retirement Planning 

16. Estate Planning: Saving Your Heirs Money and Headaches 

17. Financial Life Events–Fitting the Pieces Together 

Appendix A: Compound Sum of $1 

Appendix B: Present Value of $1 

Appendix C: Compound Sum of an Annuity of $1 for n Periods 

Appendix D: Present Value of an Annuity of $1 for n Periods 

Appendix E: Monthly Installment Loan Tables 

Index 

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