Corporate finance revised printing with powerweb

This popular textbook emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool.

Part 1: Overview 1. Introduction to Corporate Finance 2. Accounting Statements and Cash Flow
Part 2: Value and Capital Budgeting 3. Financial Markets and Net Present Value: First Principles of Finance 4. Net Present Value 5. How to Value Bonds and Stocks 6. Some Alternative Investment Rules 7. Net Present Value and Capital Budgeting 8. Strategy and Analysis in Using Net Present Value
Part 3: Risk 9. Capital Market Theory: An Overview 10. Return Risk: The Capital Asset Pricing Model (CAPM) 11. An Alternative View of Risk and Return: The Arbitrage Pricing Theory 12. Risk, Return, and Capital Budgeting
Part 4: Capital Structure and Dividend Policy 13. Corporate Financing Decisions and Efficient Capital Markets 14. Long-Term Financing: An Introduction 15. Capital Structure: Basic Concepts 16. Capital Structure: Limits to the Use of Debit 17. Valuation and Capital Budgeting for the Levered Firm 18. Dividend Policy: Why Does it Matter?
Part 5: Long-Term Financing 19. Issuing Equity Securities to the Public 20. Long-Term Debt 21. Leasing
Part 6: Options, Futures, and Corporate Finance 22. Options and Corporate Finance 23. Options and Corporate Finance: Extensions and Applications 24. Warrants and Convertibles 25. Derivatives and Hedging Risk
Part 7: Financial Planning and Short-Term Finance 26. Corporate Financial Models and Long-Term Planning 27. Short-Term Finance and Planning 28. Cash Management 29. Credit Management
Part 8: Special Topics 30. Mergers and Acquisitions 31. Financial Distress 32. International Corporate Finance Appendix A: Mathematical Tables Appendix B: Selected Answers to End-of-Chapter Problems