Published by Pearson (June 30, 2024) © 2024
Jonathan Berk | Peter DeMarzoProduct Information
For a two-semester course
This edition highlights how core financial principles can improve individual financial decision making. It shows students how three major topics (corporate finance, investments and valuation) are connected by using 'The Law of One Price' as a framework throughout the text. Using both time-tested and modern principles with the practical perspective of a financial manager, it offers students the tools to make sound financial decisions. It is designed to help students master core concepts and learn to identify and solve problems faced by today's practitioners.
- PART 1: INTRODUCTION
- 1. The Corporation and Financial Markets
- 2. Introduction to Financial Statement Analysis
- 3. Financial Decision Making and the Law of One Price
- PART II: TIME, MONEY, AND INTEREST RATES
- 4. The Time Value of Money
- 5. Interest Rates
- 6. Valuing Bonds
- PART III: VALUING PROJECTS AND FIRMS
- 7. Investment Decision Rules
- 8. Fundamentals of Capital Budgeting
- 9. Valuing Stocks
- PART IV: RISK AND RETURN
- 10. Capital Markets and the Pricing of Risk
- 11. Optimal Portfolio Choice and the Capital Asset Pricing Model
- 12. Estimating the Cost of Capital
- 13. Investor Behavior and Capital Market Efficiency
- PART V: CAPITAL STRUCTURE
- 14. Capital Structure in a Perfect Market
- 15. Debt and Taxes
- 16. Financial Distress, Managerial Incentives, and Information
- 17. Payout Policy
- PART VI: ADVANCED VALUATION
- 18. Capital Budgeting and Valuation with Leverage
- 19. Valuation and Financial Modeling: A Case Study
- PART VII: OPTIONS
- 20. Financial Options
- 21. Option Valuation
- 22. Real Options
- PART VIII: LONG-TERM FINANCING
- 23. Raising Equity Capital
- 24. Debt Financing
- 25. Leasing
- PART IX: SHORT-TERM FINANCING
- 26. Working Capital Management
- 27. Short-Term Financial Planning
- PART X: SPECIAL TOPICS
- 28. Mergers and Acquisitions
- 29. Corporate Governance
- 30. Risk Management
- 31. International Corporate Finance