Corporate Financial Management, 5th Edition

Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003) if you need access to the MyLab as well, and save money on this brilliant resource. Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value. “Very comprehensive material, excellent explanations, great examples well illustrated graphically.” Professor Austin University of Portsmouth, UK Need extra support? This product is the book alone, and does NOT come with access to MyFinanceLab. This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor’s course. You can benefit from MyFinanceLab at a reduced price by purchasing a pack containing a copy of the book and an access card for MyFinanceLab: Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003). Alternatively, buy access online at ww.MyFinanceLab.com. For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator

Table of Contents

Part 1: Introduction
Chapter 1: The financial world

Part 2: The investment decision
Chapter 2: Project appraisal: net present value and internal rate of return
Chapter 3: Project appraisal: cash flow and applications
Chapter 4: The decision-making process for investment appraisal
Chapter 5: Project appraisal: capital rationing, taxation and inflation

Part 3: Risk and return
Chapter 6: Risk and project appraisal
Chapter 7: Portfolio theory
Chapter 8: The Capital Asset Pricing Model and multi-factor models

Part 4: Sources of finance
Chapter 9: Stock markets
Chapter 10: Raising equity capital
Chapter 11: Long-term debt finance
Chapter 12: Short-term and medium-term finance
Chapter 13: Stock market efficiency

Part 5: Corporate value
Chapter 14: Value-based management
Chapter 15: Value-creation metrics
Chapter 16: The cost of capital
Chapter 17: Valuing shares
Chapter 18: Capital structure
Chapter 19: Dividend policy
Chapter 20: Mergers

Part 6: Managing risk
Chapter 21: Derivatives
Chapter 22: Managing exchange-rate risk

Appendix I: Future value of £1 at compound interest
Appendix II: Present value of £1 at compound interest
Appendix III: Present value of an annuity of £1 at compound interest
Appendix IV: Future value of an annuity of £1 at compound interest
Appendix V: Areas under the standardised normal distribution
Appendix VI: Answers to the mathematical tools exercises in Chapter 2, Appendix 2.1