The clear market leader in the corporate finance course, this text filled a very definite need for a MODERN corporate finance text back in 1983 when the first edition was published. It is known for its intuitive, conversational style and for being able to tie together many of the important ideas in corporate finance. The author's discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor.

TABLE OF CONTENTS
Pt. 1 Value
Ch. 1 Finance and the Financial Manager
Ch. 2 Present Value and the Opportunity Cost of Capital
Ch. 3 How to Calculate Present Values
Ch. 4 The Value of Common Stocks
Ch. 5 Why Net Present Value Leads to Better Investment Decisions Than Other Criteria
Ch. 6 Making Investment Decisions with the Net Present Value Rule
Pt. 2 Risk
Ch. 7 Introduction to Risk, Return, and the Opportunity Cost of Capital
Ch. 8 Risk and Return
Ch. 9 Capital Budgeting and Risk
Pt. 3 Practical Problems in Capital Budgeting
Ch. 10 A Project is not a Black Box
Ch. 11 Where Positive Net Present Values Come From
Ch. 12 Making Sure Managers Maximize NPV
Pt. 4 Financing Decisions and Market Efficiency
Ch. 13 Corporate Financing and the Six Lessons of Market Efficiency
Ch. 14 An Overview of Corporate Financing
Ch. 15 How Corporations Issue Securities
Pt. 5 Dividend Policy and Capital Structure
Ch. 16 The Dividend Controversy
Ch. 17 Does Debt Policy Matter?
Ch. 18 How Much Should a Firm Borrow?
Ch. 19 Financing and Valuation
Pt. 6 Options
Ch. 20 Spotting and Valuing Options
Ch. 21 Real Options
Ch. 22 Warrants and Convertibles
Pt. 7 Debt Financing
Ch. 23 Valuing Debt
Ch. 24 The Many Different Kinds of Debt
Ch. 25 Leasing
Pt. 8 Risk Management
Ch. 26 Managing Risk
Ch. 27 Managing International Risks
Pt. 9 Financial Planning and Short-Term Management
Ch. 28 Financial Analysis and Planning
Ch. 29 Short-Term Financial Planning
Ch. 30 Credit Management
Ch. 31 Cash Management
Ch. 32 Short-term Lending and Borrowing
Pt. 10 Mergers, Corporate Control, and Governance
Ch. 33 Mergers
Ch. 34 Control, Governance, and Financial Architecture
Pt. 11 Conclusion
Ch. 35 Conclusion: What We Do and Do Not Know About Finance
App. Present Value Tables
Answers to Quizzes
Glossary
Index