| In This Site |
 | Corporate Finance Online Finance Around The World Glossary Interactive FinSims
|  | Professional Resources Videos
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 | Chapter 1
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 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 2 Why Firms Need Financial Markets and Institutions |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 3 Accounting and Finance |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 4 The Time Value of Money |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 5 Valuing Bonds |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 6 Valuing Stocks |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 7 Net Present Value and Other Investment Criteria |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 8 Using Discounted Cash-Flow Analysis to Make Investment Decisions |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 9 Project Analysis |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 10 Introduction to Risk, Return, and the Opportunity Cost of Capital |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
|  | S&P Problems Web Links Weekly Update Archive
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 | Chapter 11 Risk, Return, and Capital Budgeting |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 12 The Cost of Capital and Company Valuation |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 13 Introduction to Finance and Governance |
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 | Chapter 14 Venture, Capital, IPOs, and Seasoned Offerings |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 15 Debt Policy |
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 | Chapter 16 Payout Policy |
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 | Chapter 17 Financial Statement Analysis |
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 | Chapter 18 Financial Planning |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 19 Short-Term Planning |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 20 Working Capital Management |
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 | Chapter 21 Mergers, Acquisitions, and Corporate Control |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 22 International Financial Management |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 23 Options |
 | Excel Templates Multiple Choice Quiz PowerPoint Presentations PowerWeb Articles
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 | Chapter 24 Risk Management |
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 | Chapter 25 What We Do and Do Not Know About Finance |
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 | eBook eBook |
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 | Chapter 1 The Corporation and the Financial Manager |
 | Chapter Opener
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 | chbody 1
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 | Careers in Finance Goals of the Corporation Investment and Financing Decisions Topics Covered in This Book
|  | What Is a Corporation? Who Is the Financial Manager
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 | chend 2
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 | Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 2 Why Corporations Need Financial Markets and Institutions |
 | Chapter Opener
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 | chbody 3
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 | Functions of Financial Markets and Intermediaries The Flow of Savings to Corporations Value Maximization And The Cost Of Capital
|  | Why Finance Matters
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 | chend 4
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 | Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 3 Accounting and Finance |
 | Chapter Opener
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 | chbody 5
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 | Accounting Practice and Malpractice Taxes The Balance Sheet
|  | The Income Statement The Statement of Cash Flows
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 | chend 6
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 | Challenge Problem Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 4 The Time Value of Money |
 | Chapter Opener
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 | chbody 7
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 | Effective Annual Interest Rates Future Values And Compound Interest Inflation And The Time Value Of Money Level Cash Flows- Perpetuities And Annuities
|  | Multiple Cash Flows Present Values
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 | chend 8
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 | Challenge Problem Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 5 Valuing Bonds |
 | Chapter Opener
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 | chbody 9
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 | Bond Characteristics Bond Rates of Return Corporate Bonds and the Risk of Default Current Yield and Yield to Maturity
|  | Interest Rates and Bond Prices The Yield Curve
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 | chend 10
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 | Challenge Problem Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 6 Valuing Stocks |
 | Chapter Opener
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 | chbody 11
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 | Book Values, Liquidation Values, and Market Values Growth Stocks and Income Stocks Market Anomalies And Behavioral Finance Simplifying the Dividend Discount Model
|  | Stocks and the Stock Market There Are No Free Lunches on Wall Street Valuing Common Stocks
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 | chend 12
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 7 Net Present Value and Other Investment Criteria |
 | Chapter Opener
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 | chbody 13
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 | A Last Look Capital Rationing More Examples Of Mutually Exclusive Projects
|  | Net Present Value Other Investment Criteria
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 | chend 14
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Summary
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 | Chapter 8 Using Discounted Cash-Flow Analysis to Make Investment Decisions |
 | Chapter Opener
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 | chbody 15
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 | An Example- Blooper Industries Calculating Cash Flow
|  | Identifying Cash Flows
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 | chend 16
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 9 Project Analysis |
 | Chapter Opener
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 | chbody 17
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 | Break-Even Analysis How Firms Organize The Investment Process Real Options and the Value of Flexibility
|  | Some What-If Questions
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 | chend 18
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 10 Introduction to Risk, Return, and the Opportunity Cost of Capital |
 | Chapter Opener
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 | chbody 19
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 | A Century of Capital Market History Measuring Risk Rates Of Return- A Review
|  | Risk and Diversification Thinking about Risk
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 | chend 20
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 | Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 11 Risk, Return, and Capital Budgeting |
 | Chapter Opener
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 | chbody 21
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 | Capital Budgeting and Project Risk Measuring Market Risk
|  | Risk And Return
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 | chend 22
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 | Challenge Problem Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 12 The Weighted-Average Cost of Capital and Company Valuation |
 | Chapter Opener
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 | chbody 23
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 | Calculating Required Rates of Return Calculating the Weighted-Average Cost of Capital Geothermal'S Cost Of Capital Interpreting the Weighted-Average Cost of Capital
|  | Measuring Capital Structure The Weighted-Average Cost of Capital Valuing Entire Businesses
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 | chend 24
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 13 Introduction to Corporate Financing and Governance |
 | Chapter Opener
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 | chbody 25
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 | Common Stock Convertible Securities Corporate Debt Creating Value With Financing Decisions
|  | Patterns of Corporate Financing Preferred Stock
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 | chend 26
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 | Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 14 Venture Capital, IPOs, and Seasoned Offerings |
 | Chapter Opener
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 | chbody 27
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 | General Cash Offers by Public Companies The Initial Public Offering The Private Placement
|  | The Underwriters Venture Capital
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 | chend 28
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 | Appendix Challenge Problem Minicase Practice Problems
|  | Quiz Solutions To Self-Test Questions Summary
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 | Chapter 15 Debt Policy |
 | Chapter Opener
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 | chbody 29
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 | Bankruptcy Procedures Capital Structure and Corporate Taxes Costs of Financial Distress
|  | Explaining Financing Choices How Borrowing Affects Value in a Tax-Free Economy
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 | chend 30
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 16 Payout Policy |
 | Chapter Opener
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 | chbody 31
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 | How Companies Pay Out Cash to Shareholders How Do Companies Decide on the Payout? Stock Repurchases The Dividend Payment
|  | Why Dividends May Increase Firm Value Why Dividends May Reduce Firm Value Why Payout Policy Should Not Matter
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 | chend 32
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 | Challenge Problem Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 17 Financial Statement Analysis |
 | Chapter Opener
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 | chbody 33
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 | Financial Ratios Measuring Company Performance The Du Pont System
|  | The Role of Financial Ratios Using Financial Ratios
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 | chend 34
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 | Challenge Problem Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 18 Long-Term Financial Planning |
 | Chapter Opener
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 | chbody 35
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 | External Financing and Growth Financial Planning Models Planners Beware
|  | What Is Financial Planning
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 | chend 36
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 19 Short-Term Financial Planning |
 | Chapter Opener
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 | chbody 37
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 | A Short-Term Financing Plan Cash Budgeting Links between Long-Term and Short-Term Financing Sources of Short-Term Financing
|  | The Cost of Bank Loans Tracing Changes in Cash and Working Capital Working Capital
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 | chend 38
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 | Challenge Problem Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 20 Working Capital Management |
 | Chapter Opener
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 | chbody 39
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 | Accounts Receivable And Credit Policy Cash Management Inventory Management
|  | Investing Idle Cash- The Money Market
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 | chend 40
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 21 Mergers, Acquisitions, and Corporate Control |
 | Chapter Opener
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 | chbody 41
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 | Dubious Reasons For Mergers Evaluating Mergers Leveraged Buyouts Merger Tactics
|  | Sensible Motives For Mergers The Benefits And Costs Of Mergers The Market For Corporate Control
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 | chend 42
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 22 International Financial Management |
 | Chapter Opener
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 | chbody 43
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 | Foreign Exchange Markets Hedging Exchange Rate Risk International Capital Budgeting
|  | Some Basic Relationships
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 | chend 44
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 | Challenge Problems Minicase Practice Problems Quiz
|  | Solutions To Self-Test Questions Standard & Poor's Summary
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 | Chapter 23 Options |
 | Chapter Opener
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 | chbody 45
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 | Calls And Puts Spotting The Option
|  | What Determines Option Values
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 | chend 46
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 | Challenge Problems Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 24 Risk Management |
 | Chapter Opener
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 | chbody 47
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 | Forward Contracts Futures Contracts Innovation in the Derivatives Market Is Derivative A Four-Letter Word
|  | Reducing Risk with Options Swaps Why Hedge?
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 | chend 48
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 | Challenge Problem Practice Problems Quiz Solutions To Self-Test Questions
|  | Standard & Poor's Summary
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 | Chapter 25 What We Do and Do Not Know about Finance |
 | Chapter Opener
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 | chbody 49
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 | A Final Word What We Do Know- The Six Most Important Ideas In Finance
|  | What We Do Not Know: Seven Unsolved Problems in Finance
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 | chend 50
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 | Answers To Quiz Quiz
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