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Ebook: Principles of Corporate Finance

12th Edition

0077185064 · 9780077185060

By Richard A. Brealey, Stewart C. Myers, Franklin Allen

The integrated solutions for Brealey's Principles of Corporate Finance have been specifically designed to help improve student performance, meaning that students are prepared for class and can successfully solve problems and analyse the results. Re… Read More

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Part One: Value

Chapter: 1. Introduction to Corporate Finance

Chapter: 2. How to Calculate Present Values

Chapter: 3. Valuing Bonds

Chapter: 4. The Value of Common Stocks

Chapter: 5. Net Present Value and Other Investment Criteria

Chapter: 6. Making Investment Decisions with the Net Present Value Rule

Part Two: Risk

Chapter: 7. Introduction to Risk and Return

Chapter: 8. Portfolio Theory and the Capital Asset Pricing Model

Chapter: 9. Risk and the Cost of Capital

Part Three: Best Practices in Capital Budgeting

Chapter: 10. Project Analysis

Chapter: 11. Investment, Strategy, and Economic Rents

Chapter: 12. Agency Problems, Compensation, and Performance Measurement

Part Four: Financing Decisions and Market Efficiency

Chapter: 13. Efficient Markets and Behavioral Finance

Chapter: 14. An Overview of Corporate Financing

Chapter: 15. How Corporations Issue Securities

Part Five: Payout Policy and Capital Structure

Chapter: 16. Payout Policy

Chapter: 17. Does Debt Policy Matter?

Chapter: 18. How Much Should a Corporation Borrow?

Chapter: 19. Financing and Valuation

Part Six: Options

Chapter: 20. Understanding Options

Chapter: 21. Valuing Options

Chapter: 22. Real Options

Part Seven: Debt Financing

Chapter: 23. Credit Risk and the Value of Corporate Debt

Chapter: 24. The Many Different Kinds of Debt

Chapter: 25. Leasing

Part Eight: Risk Management

Chapter: 26. Managing Risk

Chapter: 27. Managing International Risks

Part Nine: Financial Planning and Working Capital Management

Chapter: 28. Financial Analysis

Chapter: 29. Financial Planning

Chapter: 30. Working Capital Management

Part Ten: Mergers, Corporate Control, and Governance

Chapter: 31. Mergers

Chapter: 32. Corporate Restructuring

Chapter: 33. Governance and Corporate Control Around the World

Part Eleven: Conclusion

Chapter: 34. Conclusion: What We Do and Do Not Know About Finance

The integrated solutions for Brealey's Principles of Corporate Finance have been specifically designed to help improve student performance, meaning that students are prepared for class and can successfully solve problems and analyse the results. Resources within Connect Finance provide unlimited opportunities for students to practice solving financial problems and apply what they've learned. Brealey's world-leading content, showing managers how to use financial theory to solve practical problems combined with a complete digital solution, will help students achieve higher outcomes in the course.

Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

The authors have placed more emphasis on important topics:

The discussion of ethical issues in Chapter 1 has been expanded, with a discussion of three gray areas - aggressive tax avoidance, asset stripping, and short selling.

The issue of hidden leverage has been expanded in Chapters, 17, 18, and 22 with a new mini-case and a discussion of leverage created by growth options.

New "Beyond the Page" Interactive Content and Applications have been added to this edition, providing extra material for those who would like to dig deeper, as well as more explanation for readers who need it. There are now more than 150 of these digital extensions, including:

Chapter 2: Do you need to learn how to use a financial calculator?
Chapter 3: Would you like to calculate a bond's duration, see how it predicts the effect of small interest rate changes on bond price, calculate the duration of a common stock, or learn how to measure convexity?
Chapter 14: Ever wondered why Google split its stock into A and C shares?
Chapter 28: Would you like to view the most recent financial statements for different U.S. companies and calculate their financial ratios?

McGraw-Hill’s Connect Finance offers a number of powerful tools and features to make managing assignments easier and the learning process more accessible and efficient.

Auto-graded assignments and assessments can be created from end-of-chapter materials and the test bank, including algorithmic problems, and students receive immediate, detailed feedback.
Excel simulation problems allow students to practice their Excel skills within the context of corporate finance. These questions feature animated, narrated Help and Show Me tutorials for students, when enabled, as well as automatic feedback and grading for both students and instructors.
Prep Courses for Math, Statistics, Accounting, Excel, and Economics include tutorial modules with quiz questions to refresh students on the basics.

Within Connect, SmartBook makes study time as productive and efficient as possible. It identifies and closes knowledge gaps through a continually adapting reading experience, which ensures that every minute spent with SmartBook is returned to the student as the most value-added minute possible. The result? More confidence, better grades, and greater success.

Controversies in the field of finance are thoroughly covered throughout the book. The authors lay out the various views on issues, and present their opinions. Users find these very interesting for lively classroom discussions.

Mini-cases. Located at the end of selected chapters, these have been revised and include specific questions to guide the case analyses. Answers to the mini-cases are available to instructors within Connect Finance.

This text remains one of the most authoritative and comprehensive presentations of financial theory and practice available. The authors continue to reinforce their underlying theme of presenting theory as a way of helping financial managers solve practical problems. Customers can trust Brealey, Myers, and Allen to get it right—both theory and practical applications. This book is a valued reference for thousands of practicing financial managers.

Excel Treatment. A number of tables/exhibits are shown in the text as Excel spreadsheets. “Live” spreadsheets are contained within Connect Finance. Readers can use these spreadsheets to understand better the calculations behind the table and to see the effect of changing the underlying data. A number of end of chapter questions ask students to use the spreadsheets to check that they understand the effect of changing inputs. The spreadsheet templates for the associated end of chapter problems are also available on Connect Finance, denoted by an icon.

McGraw Hill Connect is an award-winning digital teaching and learning solution that empowers students to achieve better outcomes and enables instructors to improve course management efficiency.

High-Quality Course Material
Our trusted solutions are designed to help students actively engage in course content and develop critical higher-level thinking skills while offering you the flexibility to tailor your course to the ways you teach and the ways your students learn.

Assignments & Automatic Grading
Connect features a question bank that you can select from to create homework, practice tests and quizzes. Dramatically reduce the amount of time you spend reviewing homework and grading quizzes, freeing up your valuable time to spend on teaching.

Analytics & Reporting
Monitor progress and improve focus with Connect’s visual and actionable dashboards. Reports are available to empower both instructors and students with real-time performance analytics.

Seamless Integration
Link your Learning Management with Connect for single sign-on and gradebook synchronization, with all-in-one ease for you and your students.

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