 | eBook,
Chapter 1
Introduction to Corporate Finance |
| | Chapter Opener
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Chapter 1,
chbody 1
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| | 1.1 What Is Corporate Finance?
1.2 The Corporate Firm
1.3 The Goal of Financial Management
1.4 The Agency Problem and Control of the Corporation
1.5 Financial Markets
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Chapter 1,
chend 2
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| | Closing Case: The McGEE Cake Company
Concept Questions
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 2
Financial Statements and Cash Flow |
| | Chapter Opener
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Chapter 2,
chbody 3
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| | 2.1 The Balance Sheet
2.2 The Income Statement
2.3 Taxes
2.4 Net Working Capital
2.5 Financial Cash Flow
2.6 The Accounting Statement of Cash Flows
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Chapter 2,
chend 4
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| | Closing Case: Cash Flows at Warf Computers, Inc.
Concept Questions
Questions And Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 3
Financial Statements Analysis and Long-Term Planning |
| | Chapter Opener
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Chapter 3,
chbody 5
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| | 3.1 Financial Statements Analysis
3.2 Ratio Analysis
3.3 The Du Pont Identity
3.4 Using Financial Statement Information
3.5 Long-Term Financial Planning
3.6 External Financing and Growth
3.7 Some Caveats Regarding Financial Planning Models
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Chapter 3,
chend 6
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| | Closing Case: Ratios and Financial Planning at East Coast Yachts
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 4
Discounted Cash Flow Valuation |
| | Chapter Opener
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Chapter 4,
chbody 7
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| | 4.1 Valuation: The One-Period Case
4.2 The Multiperiod Case
4.3 Compounding Periods
4.4 Simplifications
4.5 What Is a Firm Worth
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Chapter 4,
chend 8
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| | Closing Case: The MBA Decision
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 5
Interest Rates andBond Valuation |
| | Chapter Opener
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Chapter 5,
chbody 9
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| | 5.1 Bonds and Bond Valuation
5.2 More On Bond Features
5.3 Bond Ratings
5.4 Some Different Types of Bonds
5.5 Bond Markets
5.6 Inflation and Interest Rates
5.7 Determinants of Bond Yields
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Chapter 5,
chend 10
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| | Closing Case: Financing East Coast Yachts's Expansion Plans with a Bond Issue
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 6
Stock Valuation |
| | Chapter Opener
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Chapter 6,
chbody 11
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| | 6.1 The Present Value of Common Stocks
6.2 Estimates of Parameters in The Dividend-Discount Model
6.3 Growth Opportunities
6.4 The Dividend Growth Model and The NPVGO Model
6.5 Price-Earnings Ratio
6.6 Some Features of Common and Preferred Stocks
6.7 The Stock Markets
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Chapter 6,
chend 12
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| | Closing Case: Stock Valuation at Ragan Thermal Systems
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 7
Net Present Value and Other Investment Rules |
| | Chapter Opener
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Chapter 7,
chbody 13
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| | 7.1 Why Use Net Present Value?
7.2 The Payback Period Method
7.3 The Discounted Payback Period Method
7.4 The Average Accounting Return Method
7.5 The Internal Rate of Return
7.6 Problems With the Irr Approach
7.7 The Profitability Index
7.8 The Practice of Capital Budgeting
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Chapter 7,
chend 14
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| | Closing Case: Bullock Gold Mining
Concept Questions
Questions and Problems
Summary and Conclusions
What's on The Web?
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Chapter 8
Making Capital Investment Decisions |
| | Chapter Opener
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Chapter 8,
chbody 15
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| | 8.1 Incremental Cash Flows
8.2 The Baldwin Company: An Example
8.3 Inflation and Capital Budgeting
8.4 Alternative Definitions of Operating Cash Flow
8.5 Investments of Unequal Lives: The Equivalent Annual Cost Method
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Chapter 8,
chend 16
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| | Closing Cases: Bethesda Mining Company
Concept Questions
Questions and Problems
Summary and Conclusions
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Chapter 9
Risk Analysis, Real Options, and Capital Budgeting |
| | Chapter Opener
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Chapter 9,
chbody 17
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| | 9.1 Decision Trees
9.2 Sensitivity Analysis, Scenario Analysis, and Break-Even Analysis
9.3 Monte Carlo Simulation
9.4 Real Options
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Chapter 9,
chend 18
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| | Closing Case: Bunyan Lumber, LLC
Concept Questions
Questions and Problems
Summary and Conclusions
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Chapter 10
Risk and Return Lessons from Market History |
| | Chapter Opener
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Chapter 10,
chbody 19
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| | 10.1 Returns
10.2 Holding Period Returns
10.3 Return Statistics
10.4 Average Stock Returns and Risk-Free Returns
10.5 Risk Statistics
10.6 More on Average Returns
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Chapter 10,
chend 20
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| | Closing Case: A Job at East Coast Yachts
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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| eBook,
Chapter 11
Return and Risk: The Capital Asset Pricing Model (CAPM) |
| | Chapter Opener
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Chapter 11,
chbody 21
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| | 11.10 Relationship Between Risk and Expected Return (Capm)
11.1 Individual Securities
11.2 Expected Return, Variance, and Covariance
11.3 The Return and Risk for Portfolios
11.4 The Efficient Set
11.5 Riskless Borrowing and Lending
11.6 Announcements, Surprises, and Expected Returns
11.7 Risk: Systematic and Unsystematic
11.8 Diversification and Portfolio Risk
11.9 Market Equilibrium
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Chapter 11,
chend 22
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| | Closing Case: A Job at East Coast Yachts, Part 2
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 12
Risk, Cost of Capital, and Capital Budgeting |
| | Chapter Opener
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Chapter 12,
chbody 23
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| | 12.1 The Cost of Equity Capital
12.2 Estimation of Beta
12.3 Determinants of Beta
12.4 Extensions of the Basic Model
12.5 Estimating Eastman Chemical's Cost of Capital
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Chapter 12,
chend 24
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| | Closing Case: The Cost of Capital for Goff Computer, Inc
Concept Questions
Questions and Problems
Summary and Conclusions
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Chapter 13
Corporate Financing Decisions and Efficient Capital Markets |
| | Chapter Opener
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Chapter 13,
chbody 25
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| | 13.1 Can Financing Decisions Create Value?
13.2 A Description of Efficient Capital Markets
13.3 The Different Types of Efficiency
13.4 The Evidence
13.5 The Behavioral Challenge to Market Efficiency
13.6 Empirical Challenges to Market Efficiency
13.7 Reviewing the Differences
13.8 Implications for Corporate Finance
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Chapter 13,
chend 26
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| | Closing Case: Your 401(K) Account at East Coast Yachts
Concept Questions
Questions and Problems
Summary and Conclusions
What's on The Web?
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Chapter 14
Capital Structure: Basic Concepts |
| | Chapter Opener
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Chapter 14,
chbody 27
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| | 14.1 The Capital Structure Question and the Pie Theory
14.2 Maximizing Firm Value Versus Maximizing Stockholder Interests
14.3 Financial Leverage and Firm Value: An Example
14.4 Modigliani and Miller: Proposition II (No Taxes)
14.5 Taxes
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Chapter 14,
chend 28
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| | Closing Case: Stephenson Real Estate Recapitalization
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 15
Capital Structure: Limits to the Use of Debt |
| | Chapter Opener
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Chapter 15,
chbody 29
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| | 15.1 Costs of Financial Distress
15.2 Can Costs of Debt Be Reduced?
15.3 Integration of Tax Effects and Financial Distress Costs
15.4 Signaling
15.5 Shirking, Perquisites, and Bad Investments: A Note on Agency Cost of Equity
15.6 The Pecking-Order Theory
15.7 Growth and the Debt-Equity Ratio
15.8 How Firms Establish Capital Structure
15.9 A Quick Look at The Bankruptcy Process
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Chapter 15,
chend 30
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| | Closing Case: McKENZIE Corporation's Capital Budgeting
Concept Questions
Questions and Problems
Summary and Conclusions
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Chapter 16
Dividends and Other Payouts |
| | Chapter Opener
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| eBook,
Chapter 16,
chbody 31
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| | 16.1 Different Types of Dividends
16.2 Standard Method of Cash Dividend Payment
16.3 The Benchmark Case: An Illustration of the Irrelevance of Dividend Policy
16.4 Repurchase of Stock
16.5 Personal Taxes, Issuance Costs and Dividends
16.6 Real World Factors Favoring A High-Dividend Policy
16.7 The Clientele Effect: A Resolution of Real World Factors
16.8 What We Know and Do Not Know About Dividend Policy
16.9 Stock Dividends and Stock Splits
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Chapter 16,
chend 32
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| | Closing Case: Electronic Timing, Inc
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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| eBook,
Chapter 17
Options and Corporate Finance |
| | Chapter Opener
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Chapter 17,
chbody 33
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| | 17.10 Options and Corporate Decisions: Some Applications
17.11 Investment in Real Projects and Options
17.1 Options
17.2 Call Options
17.3 Put Options
17.4 Selling Options
17.5 Option Quotes
17.6 Combinations of Options
17.7 Valuing Options
17.8 An Option Pricing Formula
17.9 Stocks and Bonds as Options
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Chapter 17,
chend 34
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| | Closing Case: Exotic Cuisine Employee Stock Options
Concept Questions
Questions and Problems
Summary and Conclusions
What's on The Web?
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Chapter 18
Short-Term Finance and Planning |
| | Chapter Opener
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Chapter 18,
chbody 35
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| | 18.1 Tracing Cash and Net Working Capital
18.2 The Operating Cycle and the Cash Cycle
18.3 Some Aspects of Short-Term Financial Policy
18.4 The Cash Budget
18.5 Short-Term Borrowing
18.6 A Short-Term Financial Plan
ftnote
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Chapter 18,
chend 36
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| | Closing Case: Keafer Manufacturing Working Capital Management
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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Chapter 19
Mergers and Acquisitions |
| | Chapter Opener
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Chapter 19,
chbody 37
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| | 19.1 The Legal Forms of Acquisitions
19.2 Taxes and Acquisitions
19.3 Accounting for Acquisitions
19.4 Gains From Acquisition
19.5 Some Financial Side Effects of Acquisitions
19.6 The Cost of An Acquisition
19.7 Defensive Tactics
19.8 Some Evidence on Acquisitions: Does M&A Pay
19.9 Divestitures and Restructurings
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Chapter 19,
chend 38
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| | Closing Case: The Birdie Golf-Hybrid Golf Merger
Concept Questions
Questions and Problems
Summary and Conclusions
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Chapter 20
International Corporate Finance |
| | Chapter Opener
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Chapter 20,
chbody 39
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| | 20.1 Terminology
20.2 Foreign Exchange Markets and Exchange Rates
20.3 Purchasing Power Parity
20.4 Interest Rate Parity, Unbiased Forward Rates, and The International Fisher Effect
20.5 International Capital Budgeting
20.6 Exchange Rate Risk
20.7 Political Risk
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Chapter 20,
chend 40
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| | Closing Case: East Coast Yachts Goes International
Concept Questions
Questions and Problems
S&P Problems
Summary and Conclusions
What's on The Web?
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