Corporate Finance

PART I: FUNDAMENTAL CONCEPTS OF CORPORATE FINANCE. 1. An Overview of Financial Management and the Financial Environment. Web Extensions 1A: An Overview of Derivatives; 1B: A Closer Look at the Stock Markets 2. Financial Statements, Cash Flow, and Taxes. Web Extensions 2A: The Federal Income Tax System for Individuals. 3. Analysis of Financial Statements. PART II: FIXED INCOME SECURITIES. 4. Time Value of Money. Web Extensions 4A: The Tabular Approach; 4B: Derivation of Annuity Formulas; 4C: Continuous Compounding. 5. Bonds, Bond Valuation, and Interest Rates. Web Extensions 5A: A Closer Look at Zero Coupon Bonds; 5B: A Closer Look at TIPS: Treasury Inflation Protected Securities; 5C: A Closer Look at Bond Risk: Duration; 5D: The Pure Expectations Theory and Estimation of Forward Rates. PART III: STOCKS AND OPTIONS. 6. Risk, Return, and the Capital Asset Pricing Model. Web Extensions 6A: Continuous Probability Distributions; 6B: Estimating Beta with a Financial Calculator. 7. Stocks, Stock Valuation, and Stock Market Equilibrium. Web Extensions 7A: Derivation of Valuation Equations. 8. Financial Options and Applications in Corporate Finance. PART IV: PROJECTS AND THEIR VALUATION. 9. The Cost of Capital. Web Extensions 9A: The Required Return Assuming Nonconstant Dividends and Stock Repurchases. 10. The Basics of Capital Budgeting: Evaluating Cash Flows. Web Extensions 10A: The Accounting Rate of Return (ARR). 11. Cash Flow Estimation and Risk Analysis. Web Extensions 11A: Certainty Equivalents and Risk-Adjusted Discount Rates. PART V: CORPORATE VALUATION AND GOVERNANCE. 12. Financial Planning and Forecasting Financial Statements. Web Extensions 12A: Advanced Techniques for Forecasting Financial Statements Accounts. 13. Corporate Valuation, Value-Based Management and Corporate Governance. PART VI: CASH DISTRIBUTIONS AND CAPITAL STRUCTURE. 14. Distributions to Shareholders: Dividends and Repurchases. 15. Capital Structure Decisions. Web Extensions 15A: Degree of Leverage. PART VII: MANAGING GLOBAL OPERATIONS. 16. Working Capital Management. Web Extensions 16A: Secured Short-Term Financing. 17. Multinational Financial Management. APPENDIXES. A. Solutions to Self-Test Problems. B. Answers to End-of-Chapter Problems. C. Selected Equations and Data. D. Values of the Areas under the Standard Normal Distribution Function. Glossary. Name Index. Subject Index.