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Modern Corporate Finance: Theory and Practice, 5th ed.
Donald R. Chambers Nelson J. Lacey
ISBN: 978-0-7380-2612-1 Net Price: $68.00
This text emphasizes the modernist movement in finance, which is based on systematic methodology with an emphasis on deductive reasoning and empirical validation. The modernist movement produces a market-value based approach to finance that is built around shareholder wealth maximization, options, and agency relationships. While this movement has, without question, expanded the frontiers of knowledge in finance, instructors have lacked a framework from which to teach these concepts at the introductory level. To date, undergraduate finance texts based on the modernist approach have been written from graduate texts. Thus, this text fills an important void in the market - a modernist book written for the introductory level of study.
Distinctive Features
- Presents essential points of finance theory reinforced with hands-on applications
- Focuses on essential materials, streamlining teaching
- Contains demonstration problems, review questions, extensive problem sets, and discussion questions
- Features boxed "Windows" and "Workshops" to provide additional content and step-by-step financial problem solving
Instructor's manual is available.
Table of Contents
1. Introduction to Modern Corporate Finance 2. Markets and Contracts 3. Corporate Ethics and Shareholder Wealth Maximization 4. The Time Value of Money 5. The Valuation of Financial Securities 6. Introduction to Options 7. The Techniques of Capital Budgeting 8. Estimating Project Cash Flows 9. Real Options 10. Advanced Topics in Capital Budgeting 11. Risk and Diversification 12. Modern Portfolio Theory and the Capital Asset Pricing Model 13. Financial Leverage 14. Financing: Why Might It Matter 15. The Dividend Decision 16. Financial Analysis 17. Working Capital Management 18. Corporate Financial Planning 19. International Finance 20. Mergers and Other Reorganizations 21. Financial Engineering INDEX
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