Fundamentals of Corporate Finance, 2nd Edition
Robert Parrino, David S. Kidwell,
Thomas Bates
ISBN: 978–0–470–87644–2

Click to view Chapter 5:
The Time Value of Money

New to the Second Edition!

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.

Table of
Contents

What’s new
to 2e

Hallmark
Features

Parrino gives the student a different (refreshing) way to understand
the same ’old concept.
—What Corporate Finance Instructors are Saying
Parrino build’s students intuition and understanding of tough finance concepts through many ways, my favorite is the ’Building Intuition’ boxes in the book. It’s often and relevant to the concept.
—What Corporate Finance Instructors are Saying
My students are problem solvers after using Parrino. The Learn–by Doing applications help to supplement what I’m teaching and actually SHOW a student how to do a problem, followed by practice.
—What Corporate Finance Instructors are Saying
WileyPLUS has changed the way I teach and how students learn in Corporate Finance. Now I know what those Accounting guys were talking about!"

—What Corporate Finance Instructors are Saying
I like how clearly the information is presented. The chapter was easy to read and understand. It also provided valuable resources that helped me understand how to do the problems, like the Learn–by–Doing Applications. I could get through my homework with the help of these step–by–step problems in the book!"

–Student Jami Lewis, Bowling Green State University
I would recommend this text to my professor because I like the way the information is broken down and presented. It is an easy and enjoyable read. The best are the problems. I like the way the solution steps are provided, including the thought process behind arriving at the answer in the Learn–By–Doings.
–Jennifer Lamine, East Tennessee State University