Fundamentals Of Corporate Finance 6th Ed.

Description:
Fundamentals of Corporate Finance is written with one strongly held principle: that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition; underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach; net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus; the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Alternate Edition contains four extra chapters: Risk Management; Option Valuation; Mergers and Acquisitions; Leasing.

Table of Contents:
Part 1 Overview of corporate finance: introduction to corporate finance; financial statements, taxes and cash flow. Part 2 Financial statements and long-term financial planning: working with financial statements; long-term financial planning and growth. Part 3 Valuation of future cash flows: introduction to valuation - the time value of money; discounted cash flow valuation; interest rates and bond valuation; stock valuation. Part 4 Capital budgeting: net present value and other investment criteria; making capital investment decisions; project analysis and evaluation. Part 5 Risk and return: some lessons from capital market history; return, risk and the security market line; options and corporate finance. Part 6 Cost of capital and long-term financial policy: cost of capital; raising capital; financial leverage and capital structure policy; dividends and dividend policy. Part 7 Short-term financial planning and management: short-term finance and planning; cash and liquidity management; credit and inventory management. Part 8 Topics in corporate finance: international corporate finance.