Fundamentals of Corporate Finance

Höfundar: Robert Parrino; Thomas W. Bates; Stuart L. Gillan; David S. Kidwell (Útgáfa: 6)
Fundamentals of Corporate Finance

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Fundamentals of Corporate Finance, 6th Edition develops the key concepts of corporate finance with an intuitive approach while emphasizing computational skills. This course helps students develop an intuitive understanding of key financial concepts and provides them with problem-solving and decision-making skills. Using an intuitive approach, students develop a richer understanding of corporate finance concepts while also enabling them to develop the critical judgments necessary to apply financial tools in real-world decision-making situations.

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Útgefandi
Wiley Global Education US
ISBN
9781394243815
Print ISBN
9781394243853
Format
ePub
Útgáfa
6
Höfundar
Robert Parrino; Thomas W. Bates; Stuart L. Gillan; David S. Kidwell
Tungumál
English
Útgefið
2025-01-29
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2

Kaflar

  • Cover
  • Title Page
  • Copyright
  • Dedication
  • About the Authors
  • Preface
  • Organization and Coverage
  • Proven Pedagogical Framework
  • New to This Edition
  • Acknowledgments
  • Table of Contents
  • CHAPTER 0 Math and Skills Review
  • 0.1 Equations
  • 0.2 Order of Operations
  • 0.3 Statistics
  • 0.4 Fractions and Percent
  • 0.5 Interest and Dividend Payments
  • 0.6 Probability
  • 0.7 Graphs
  • 0.8 Infinite Series
  • 0.9 Data Analysis - Inference
  • 0.10 Earnings Quality
  • 0.11 Accounting Cycle and Adjusting Journal Entries
  • 0.12 Income Statement
  • 0.13 Balance Sheet
  • 0.14 Statement of Cash Flows
  • 0.15 Impact of Accounting on Key Financial Ratios
  • CHAPTER 1 The Financial Manager and the Firm
  • Chapter Preview
  • 1.1 The Role of the Financial Manager
  • 1.2 Forms of Business Organization
  • 1.3 Managing the Financial Function
  • 1.4 The Goal of the Firm
  • 1.5 Environmental, Social, and Governance (ESG) Issues
  • 1.6 Agency Conflicts and Corporate Governance: Separation of Ownership and Control
  • 1.7 The Importance of Ethics in Business
  • Summary of Learning Objectives
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 2 The Financial System and the Level of Interest Rates
  • Chapter Preview
  • 2.1 The Financial System
  • 2.2 Direct Financing
  • 2.3 Types of Financial Markets
  • 2.4 Market Efficiency
  • 2.5 Financial Institutions and Indirect Financing
  • 2.6 The Determinants of Interest Rate Levels
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 3 Financial Statements, Cash Flows, and Taxes
  • Chapter Preview
  • 3.1 Financial Statements and Accounting Principles
  • 3.2 The Balance Sheet
  • 3.3 Market Value versus Book Value
  • 3.4 The Income Statement and the Statement of Retained Earnings
  • 3.5 The Statement of Cash Flows
  • 3.6 Tying Together the Financial Statements
  • 3.7 Cash Flow to Investors
  • 3.8 Federal Income Tax
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 4 Analyzing Financial Statements
  • Chapter Preview
  • 4.1 Background for Financial Statement Analysis
  • 4.2 Common-Size Financial Statements
  • 4.3 Financial Ratios and Firm Performance
  • 4.4 The Dupont System: A Diagnostic Tool
  • 4.5 Selecting a Benchmark
  • 4.6 Using Financial Ratios
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 5 The Time Value of Money
  • Chapter Preview
  • 5.1 The Time Value of Money
  • 5.2 Future Value and Compounding
  • 5.3 Present Value and Discounting
  • 5.4 Additional Concepts and Applications
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 6 Discounted Cash Flows and Valuation
  • Chapter Preview
  • 6.1 Multiple Cash Flows
  • 6.2 Level Cash Flows: Annuities
  • 6.3 Level Cash Flows: Perpetuities
  • 6.4 Cash Flows That Grow at a Constant Rate
  • 6.5 The Effective Annual Interest Rate
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Appendix: Deriving the Formula for the Present Value of an Ordinary Annuity
  • Problem
  • Ethics Case
  • Notes
  • CHAPTER 7 Risk and Return
  • Chapter Preview
  • 7.1 Risk and Return
  • 7.2 Holding Period Returns
  • 7.3 Expected Returns
  • 7.4 Variance and Standard Deviation as Measures of Risk
  • 7.5 Arithmetic Average and Geometric (Compounded) Average Returns
  • 7.6 Risk and Diversification
  • 7.7 Systematic Risk
  • 7.8 The Capital Asset Pricing Model
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 8 Bond Valuation and the Structure of Interest Rates
  • Chapter Preview
  • 8.1 Corporate Bonds
  • 8.2 Bond Valuation
  • 8.3 Bond Yields
  • 8.4 Interest Rate Risk
  • 8.5 The Determinants of Corporate Borrowing Costs
  • 8.6 The Term Structure of Interest Rates
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Note
  • CHAPTER 9 Stock Valuation
  • Chapter Preview
  • 9.1 The Market for Stocks
  • 9.2 Common and Preferred Stock
  • 9.3 Common Stock Valuation
  • 9.4 The General Dividend-Valuation Model
  • 9.5 Stock Valuation: Some Simplifying Assumptions
  • 9.6 The Relation between R and g
  • 9.7 Valuing Preferred Stock
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • CHAPTER 10 The Fundamentals of Capital Budgeting
  • Chapter Preview
  • 10.1 An Introduction to Capital Budgeting
  • 10.2 Net Present Value
  • 10.3 The Payback Period
  • 10.4 The Accounting Rate of Return
  • 10.5 Internal Rate of Return
  • 10.6 Investment Decisions with Capital Rationing
  • 10.7 Capital Budgeting in Practice
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 11 Cash Flows and Capital Budgeting
  • Chapter Preview
  • 11.1 Calculating Project Cash Flows
  • 11.2 Estimating Cash Flows in Practice
  • 11.3 Forecasting Free Cash Flows
  • 11.4 Special Cases
  • 11.5 Harvesting an Asset
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 12 Evaluating Project Economics
  • Chapter Preview
  • 12.1 Variable Costs, Fixed Costs, and Project Risk
  • 12.2 Calculating Operating Leverage
  • 12.3 Break-Even Analysis
  • 12.4 The Economic Break-Even Point
  • 12.5 Risk Analysis
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 13 The Cost of Capital
  • Chapter Preview
  • 13.1 The Firm’s Overall Cost of Capital
  • 13.2 The Cost of Debt
  • 13.3 The Cost of Equity
  • 13.4 Using the WACC in Practice
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Ethics Case
  • Notes
  • CHAPTER 14 Working Capital Management
  • Chapter Preview
  • 14.1 Working Capital Basics
  • 14.2 The Operating and Cash Conversion Cycles
  • 14.3 Working Capital Management Strategies
  • 14.4 Accounts Receivable
  • 14.5 Inventory Management
  • 14.6 Cash Management and Budgeting
  • 14.7 Financing Working Capital
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 15 How Firms Raise Capital
  • Chapter Preview
  • 15.1 Bootstrapping
  • 15.2 Venture Capital
  • 15.3 Initial Public Offering
  • 15.4 IPO Pricing and Cost
  • 15.5 General Cash Offer by a Public Company
  • 15.6 Private Markets
  • 15.7 Commercial Bank Loans
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 16 Capital Structure Policy
  • Chapter Preview
  • 16.1 Capital Structure and Firm Value
  • 16.2 The Benefits and Costs of Using Debt
  • 16.3 Two Theories of Capital Structure
  • 16.4 Practical Considerations in Choosing a Capital Structure
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Appendix: Leasing
  • Summary of Learning Objective
  • Self-Study Problem
  • Discussion Questions
  • Questions and Problems
  • Notes
  • CHAPTER 17 Dividends, Stock Repurchases, and Payout Policy
  • Chapter Preview
  • 17.1 Dividends
  • 17.2 Stock Repurchases
  • 17.3 Dividends and Firm Value
  • 17.4 Stock Dividends and Stock Splits
  • 17.5 Setting a Dividend Payout
  • Summary of Learning Objectives
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 18 Business Formation, Growth, and Valuation
  • Chapter Preview
  • 18.1 Starting a Business
  • 18.2 The Role of the Business Plan
  • 18.3 Valuing a Business
  • 18.4 Important Issues in Valuation
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 19 Financial Planning and Managing Growth
  • Chapter Preview
  • 19.1 Financial Planning
  • 19.2 Financial Planning Models
  • 19.3 A Better Financial Planning Model
  • 19.4 Beyond the Basic Planning Models
  • 19.5 Managing and Financing Growth
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 20 Options and Corporate Finance
  • Chapter Preview
  • 20.1 Financial Options
  • 20.2 Option Valuation
  • 20.3 Real Options
  • 20.4 Agency Costs
  • 20.5 Options and Risk Management
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • CHAPTER 21 International Financial Management
  • Chapter Preview
  • 21.1 Introduction to International Financial Management
  • 21.2 Foreign Exchange Markets
  • 21.3 International Capital Budgeting
  • 21.4 Global Money and Capital Markets
  • 21.5 International Banking
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Self-Study Problems
  • Discussion Questions
  • Questions and Problems
  • Sample Test Problems
  • Notes
  • Appendix B The 2017 Tax Cuts and Jobs Act: Implications for Cash Flow to Investors, the Cost of Capital, and Capital Structure
  • Appendix B Preview
  • B.1 Corporate Taxes and Cash Flow to Investors
  • B.2 Corporate Taxes and the Cost of Capital
  • B.3 The Impact of Tax Changes on Capital Structure
  • Summary of Learning Objectives
  • Summary of Key Equations
  • Questions and Problems
  • Notes
  • Glossary
  • Subject Index
  • Company Index
  • End User License Agreement