Couples discussions of core issues with current coverage of the topics that are reshaping finance. This book provides a balance of theory and practical applications to help you understand the financial problems facing businesses - and the best solutions.

Part I Fundamental Concepts of Corporate Finance 1 An Overview of Financial Management and the Financial Environment 2 Risk and Return: Part I 3 Risk and Return: Part II 4 Bond Valuation 5 Financial Options 6 Accounting for Financial Management 7 Analysis of Financial Statements Part II Corporate Valuation 8 Basic Stock Valuation 9 Corporate Valuation and Financial Planning 10 Corporate Governance 11 Determining the Cost of Capital Part III Project Valuation 12 Capital Budgeting: Decision Criteria 13 Capital Budgeting: Estimating Cash Flows and Analyzing Risk 14 Real Options PART IV Strategic Financing Decisions 15 Distributions to Shareholders: Dividends and Repurchases 16 Capital Structure Decisions 17 Dynamic Capital Structures and Corporate Valuation PART V Tactical Financing Decisions 18 Initial Public Offerings, Investment Banking, and Financial Restructuring 19 Lease Financing 20 Hybrid Financing: Preferred Stock, Warrants, and Convertibles PART VI Working Capital Management 21 Supply Chains and Working Capital Management 22 Providing and Obtaining Credit 23 Other Topics in Working Capital Management PART VII Special Topics 24 Enterprise Risk Management 25 Bankruptcy, Reorganization, and Liquidation 26 Mergers and Corporate Control 27 Multinational Financial Management Web Chapters Chapter 28 Time Value of Money Chapter 29 Basic Financial Tools: A Review Chapter 30 Pension Plan Management Chapter 31 Financial Management in Not-for-Profit Businesses Appendixes Appendix A Values of the Areas under the Standard Normal Distribution Function Appendix B Answers to End-of-Chapter Problems Appendix C Selected Equations Glossary Name Index Subject Index Web Extension 1-A A n Overview of Derivative Web Extension 1-B A Closer Look at the Stock Markets Web Extension 2-A Continuous Probability Distributions Web Extension 2-B Estimating Beta with a Financial Calculator Web Extension 4-A A Closer Look at Zero Coupon and other OID Bonds Web Extension 4-B A Closer Look at TIPS: Treasury Inflation-Protected Securities Web Extension 4-C A Close Look at Bond Risk: Duration Web Extension 4-D The Pure Expectations Theory and Estimation of Forward Rates Web Extension 6-A T he Federal Income Tax System for Individuals Web Extension 8-A Derivation of Valuation Equations Web Extension 11-A T he Required Return Assuming NonConstant Dividends and Stock Repurchases Web Extension 12-A T he Accounting Rate of Return (ARR) Web Extension 13-A Certainty Equivalents and Risk-Adjusted Discount Rates Web Extension 14-A The Abandonment Real Option Web Extension 14-B Risk-Neutral Valuation Web Extension 16-A Degree of Leverage Web Extension 18-A Rights Offerings Web Extension 19-A Leasing Feedback Web Extension 19-B Percentage Cost Analysis Web Extension 19-C Leveraged Leases Web Extension 20-A Calling Convertible Issues Web Extension 21-A Secured Short-Term Financing Web Extension 25-A Multiple Discriminant Analysis Web Extension 26-A Projecting Consistent Debt and Interest Expenses Web Extension 28-A The Tabular Approach Web Extension 28-B Derivation of Annuity Formulas Web Extension 28-C Continuous Compounding