With a consistency in presentation and an innovative set of learning aids, Corporate Finance, Fourth Canadian Edition, simultaneously meets the needs of both future financial managers and non-financial managers. This textbook truly shows every student how to “think finance.”

Using the unifying valuation framework based on the Law of One Price, Corporate Finance, Fourth Canadian Edition, blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. With this ideal melding of the core with modern topics, innovation with proven pedagogy, renowned researchers Berk, DeMarzo and Stangeland establish the new canon in finance.

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Table of Contents

 

Part I Introduction

Chapter 1 The Corporation

Chapter 2 Introduction to Financial Statement Analysis

Part II  Tools

Chapter 3 Arbitrage and Financial Decision Making

Chapter 4 The Time Value of Money

Chapter 5 Interest Rates

Part III  Basic Valuation

Chapter 6 Valuing Bonds

Chapter 7 Valuing Stocks

Chapter 8 Investment Decision Rules

Chapter 9 Fundamentals of Capital Budgeting

Part IV Risk and Return

Chapter 10 Capital Markets and the Pricing of Risk

Chapter 11 Optimal Portfolio Choice and the Capital Asset Pricing Model

Chapter 12 Estimating the Cost of Capital

Chapter 13 Investor Behaviour and Capital Market Efficiency

Part V Options

Chapter 14 Financial Options

Chapter 15 Option Valuation

Chapter 16 Real Options

Part VI Capital Structure and Dividend Policy

Chapter 17 Capital Structure in a Perfect Market

Chapter 18 Debt and Taxes

Chapter 19 Financial Distress, Managerial Incentives, and Information

Chapter 20 Payout Policy

Part VII Valuation

Chapter 21 Capital Budgeting and Valuation with Leverage

Chapter 22 Valuation and Financial Modeling: A Case Study

Part VIII Long-Term Financing

Chapter 23 The Mechanics of Raising Equity Capital

Chapter 24 Debt Financing

Chapter 25 Leasing

Part IX Short-Term Financing

Chapter 26 Working Capital Management

Chapter 27 Short-Term Financial Planning

Part X Special Topics

Chapter 28 Mergers and Acquisitions

Chapter 29 Corporate Governance

Chapter 30 Risk Management

Chapter 31 International Corporate Finance