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Fundamentals of Corporate Finance, 2nd Edition

Fundamentals of Corporate Finance, 2nd Edition (EHEP002069) cover image
Fundamentals of Corporate Finance, 2nd Edition offers an innovative integration of conceptual understanding and problem-solving... of intuition and decision-making... of the authors' industry and classroom/research experience...with current real-world examples and online practice.

Authors Robert Parrino, David Kidwell, and Thomas Bates believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real decision- making situations.

Their text develops intuitive thinking while simultaneously helping students develop problem solving and computational skills. It then shows students how to apply intuition and analytical skills to decision making while integrating it all with valuation and building shareholder value.

 

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PART 1 INTRODUCTION

1 The Financial Manager and the Firm 1

PART 2 FOUNDATIONS

2 The Financial System and the Level of Interest Rates 27

3 Financial Statements, Cash Flows, and Taxes 48

4 Analyzing Financial Statements 81

PART 3 VALUATION OF FUTURE CASH FLOWS AND RISK

5 The Time Value of Money 124

6 Discounted Cash Flows and Valuation 159

7 Risk and Return 200

8 Bond Valuation and the Structure of Interest Rates 238

9 Stock Valuation 270

PART 4 CAPITAL BUDGETING DECISIONS

10 The Fundamentals of Capital Budgeting 301

11 Cash Flows and Capital Budgeting 341

12 Evaluating Project Economics and Capital Rationing 380

13 The Cost of Capital 409

PART 5 WORKING CAPITAL MANAGEMENT AND FINANCING DECISIONS

14 Working Capital Management 441

15 How Firms Raise Capital 472

16 Capital Structure Policy 504

17 Dividends, Stock Repurchases, and Payout Policy 561

PART 6 BUSINESS FORMATION, VALUATION, AND FINANCIAL PLANNING

18 Business Formation, Growth, and Valuation 569

19 Financial Planning and Forecasting 606

PART 7 OPTIONS IN CORPORATE FINANCE AND INTERNATIONAL DECISIONS

20 Options and Corporate Finance 641

21 International Financial Management 671

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Improved Presentation and Organization: edited and extended discussions improve the pedagogical presentation of key topics

New Content: a new section on cash flows to investors has been added to Chapter 3, designed to help students develop an understanding of the sources and uses of investor cash flows. A discussion of the Sharpe Ratio has being incorporated into Section 7.4 to help students develop a stronger intuition about the relation between risk and return. The discussion of options in Chapter 20 has been extended to include different types of options embedded in debt and equity securities.

Current Financial Information: All financial information for which more current data are available have been updated, providing timely examples of how the material covered in the chapter is relevant to financial decision-making.

Refined and Extended Problem Sets: Examples are current and clearly presented. New questions and problems have been added to ensure appropriate coverage of key concepts at all levels of difficulty.

• Updated Ethics Cases: a new case concerning the Unilever Global Sustainable Living Plan has been added.

 

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• Building Intuition boxes provide a statement of an important finance concept along with an intuitive example or explanation to help the student "get" the concept.
• Learning by Doing applications contain quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve problems. This unique feature takes the stepped-out problem beyond other texts by offering "approaches" students can take to solve each problem.
• Decision-Making Examples emphasize the decision-making process along with computation and provide students at all levels with experience in financial decision-making.
Learning Objectives identify the most important material for students to understand while reading the chapter.
Chapter Opener Vignettes describe a real company application to illustrate concepts that will be presented in the chapter. These current vignettes are from international news highlighting domestic and global companies, reflecting the real world of business today.
Before You Go On self-study questions throughout each chapter serve as a checkpoint at which students can test their understanding of the materials in that section.


Extensive End-of-Chapter Problems and Questions


In addition to the many numerical examples that are solved in the text of each chapter, Fundamentals of Corporate Finance has more than 1,000 end-of-chapter problems which have been written with Bloom's Taxonomy in mind. Solutions for these problems and charts showing how they relate to the levels in Bloom's Taxonomy are provided in the Instructor's Manual.
Problems w/Detailed Solutions to reinforce the methods used to solve problems discussed in the chapter. • Critical Thinking Questions require students to think through their understanding of the basic concepts and apply those concepts to a problem.
Questions and Problems provide a broad range of questions and problems, including sample problems from CFA Institute, covering a range of difficulty levels to help students solidify their understanding of the concepts. Excel Problems are identified for selected Problems that can be solved using Excel templates at the student website.
Sample Test Problems call for straightforward applications of the chapter concepts and gives students a sense of comfort in test preparation.

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Instructors Resources
Wiley Instructor Companion Site
Computerized Test Bank
The computerized test bank allows instructors to create and print multiple versions of the same test by scrambling the order of all questions found in the Word version of the test bank. The computerized test bank also allows users to customize exams by altering or adding new problems.
Wiley Corporate Finance Video Collection
A series of selected videos featuring companies in the current news to reinforce financial concepts.
Instructor’s Companion Website
An extensive support package, including print and technology tools, helps you maximize your teaching effectiveness. On this Web site instructors will find electronic versions of the Solutions Manual, Test Bank, Instructor’s Manual, Computerized Test Bank, and other valuable resources: www.wiley.com/college/Parrino.
Instructor's Manual
Included in each chapter are lecture outlines, a summary of learning objectives and key equations, and alternative approaches to the material. Also included are detailed solutions to the Before You Go On Questions, Self Study Problems, Critical Thinking Questions, and all of the Questions and Problems at the end of each chapter.
PRS Questions
PowerPoint Presentation Material
Contain a combination of key concepts, figures and tables, and problems and examples from the textbook as well as lecture notes and illustrations.
Blackboard
Blackboard offers an integrated set of course management tools that enable instructors to easily design, develop and manage Web-based and Web-enhanced courses.
Weekly Finance Updates www.wileyfinanceupdates.com
Contain a combination of key concepts, figures and tables, and problems and examples from the textbook as well as lecture notes and illustrations.
WileyPLUS
WileyPLUS for Fundamentals of Corporate Finance, Second Edition includes numerous valuable resources, among them: • Animated Learning by Doing Applications • Wiley Corporate Finance Video Collection • Prerequisite Course Reviews • Animated Tutorials • Excel Templates and Spreadsheet Solutions • Flashcards • Crosswords • Narrated PowerPoint Review • Student Study Guide • Hot Topics Modules • Learning Styles Survey
Solutions Manual
Includes detailed solutions to the Before You Go On questions, Self-Study problems, Critical Thinking Questions, and all of the Questions and Problems.
Test Bank
With over 1000 questions, the test bank allows instructors to tailor examinations according to study objectives and Bloom’s taxonomy. Multiple-choice, true/false, and essay questions are included.
ENHANCE YOUR COURSE
WileyPLUS
A research-based online environment for learning and assessment.
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CourseSmart
Instant access to textbooks as eTextbooks.
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Digital evaluation copy available for this title
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Students Resources
Wiley Student Companion Site
Wiley Corporate Finance Video Collection
A series of selected videos featuring companies in the current news to reinforce financial concepts.
Weekly Finance Updates www.wileyfinanceupdates.com
Contain a combination of key concepts, figures and tables, and problems and examples from the textbook as well as lecture notes and illustrations.
WileyPLUS
WileyPLUS for Fundamentals of Corporate Finance, Second Edition includes numerous valuable resources, among them: • Animated Learning by Doing Applications • Wiley Corporate Finance Video Collection • Prerequisite Course Reviews • Animated Tutorials • Excel Templates and Spreadsheet Solutions • Flashcards • Crosswords • Narrated PowerPoint Review • Student Study Guide • Hot Topics Modules • Learning Styles Survey
Study Guide
Excel Templates
Online collections of Excel templates allow students to complete select end-of-chapter questions and problems identified by a spreadsheet icon in the textbook. Also available in WileyPLUS.
Student Companion Website
Provides a wealth of support materials that will help students increase their ability to solve problems. On this Web site students will find Excel templates, study tools, Web quizzing, and other resources: www.wiley.com/college/Parrino.
Web Quizzing
On the Book Companion Site – For Students; students can quiz themselves on the book’s chapters before an exam.
ADDITIONAL RESOURCES
WileyPLUS
A research-based online environment for learning and assessment.
Learn more
CourseSmart
Instant access to textbooks as eTextbooks.
Learn more
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Purchase Options
Wiley E-Text   
Fundamentals of Corporate Finance, 2nd Edition
ISBN : 978-1-118-21501-2
784 pages
January 2012, ©2012
$93.50   BUY

Loose-leaf   
Fundamentals of Corporate Finance, 2nd Edition Binder Ready Version
ISBN : 978-0-470-93326-8
784 pages
September 2011, ©2012
$159.95   BUY

Hardcover   
Fundamentals of Corporate Finance, 2nd Edition
ISBN : 978-0-470-87644-2
784 pages
October 2011, ©2012
$244.95   BUY

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