It also aims to explain aspects of theory and concepts from an Indian perspective. This is a leading text worldwide and has proven to be useful to students and financial managers alike. Designed for courses in corporate finance taught at the MBA and undergraduate level, this edition retains its practice of integrating theory and application through a writing style that both students and professors can appreciate.
Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond to change by showing not just how, but why companies and management act as they do. This text is a valued reference for thousands of practicing financial managers. With the additional contribution of Look Chan Ho, an expert in the field of corporate finance, this thoroughly revised and updated second edition of Ferran's 'Principles of Corporate Finance Law' explores the relationship between law and finance.
Brealey, Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Tax Cuts and Jobs Act passed in December In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten.
For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date.
Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities. The Tenth Edition has been rewritten, refreshed, and fully updated to reflect the recent financial crisis and is now accompanied by Connect Finance, an exciting new homework management system.
Also called accounting rate of return. The components reflect tax and accounting figures, not market values or cash flows. What is the IRR on this investment? Fortunately, financial calculators can perform this function easily.
Note the previous example. Which do we select? Shark Repellent - Amendments to a company charter made to forestall takeover attempts. Poison Pill - Measure taken by a target firm to avoid acquisition; for example, the right for existing shareholders to buy additional shares at an attractive price if a bidder acquires a large holding.
A large fraction of the purchase price is debt financed. Accept a project if return on investment exceeds the rate of return on an equivalent-risk investment in the financial market. Reject a project if NPV is negative. The opportunity cost of capital for a risky project is A. Difficulty: Challenge. A perpetuity is defined as a sequence of A. Which of the following is generally considered an example of a perpetuity? Interest payments on a year bond B. Interest payments on a year bond C.
Interest payments on a consol D. How much would you need to have saved at the time of your retirement in order to achieve this goal? Assume that the perpetuity payments start one year after the date of your retirement. The annual interest rate is Assume the perpetuity starts in one year. Assume that the perpetuity payments start one year from the date of your retirement. The annual interest rate is 8 percent. How much would you need to have saved in your retirement fund to achieve this goal?
Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 10 percent. An annuity is defined as a set of A. Uneven cash flow stream B. An annuity C. An annuity due D. If the three-year present value annuity factor is 2. If the five-year present value annuity factor is 3. What is the eight-year present value annuity factor at a discount rate of 11 percent?
What is the six-year present value annuity factor at an interest rate of 9 percent? After retirement, you expect to live for 25 years. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded.
This text is a valued reference for thousands of practicing financial managers.
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