This casebook introduces students to the major instruments issued by corporations for funding and risk-management, including money market instruments, bonds and notes, junior and senior equity, government securities, futures, options, swaps, and other financial derivatives. Moving beyond the issuance market and instrument design, the book situates these instruments in their trading markets, giving students a comprehensive understanding of financial markets. The selected cases and materials highlight financial history, market structure, accounting standards, and a lawyer's professional standards. Chapter objectives help students to track their progress. This edition has been updated to reflect recent financial reforms.
Even if the interest on a bond is well below market rates, a bond can still be attractive if it's sold at a heavy discount. If a bond is sold at a premium price, it can still be attractive if it has high interest rates.
"This book provides a concise and practical treatment of important topics in corporate finance."—Steven N. Kaplan, Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of ...
This is not a book with obscure formulae, yet is still rigorous and at the same time a model of clarity." —RICHARD ROLL, Joel Fried Professor of Applied Finance at UCLA Anderson School of Management
The book also includes: A balanced blend of theory and practice from an author team with a presence in academia and business Access to The Vernimmen.com Newsletter, which provides monthly updates on corporate finance to over 60,000 ...
The strong five-part framework of the book is supported by integrated online elements and easy-to-read chapter narratives. Premium online teaching and learning tools are available on the MindTap platform.
This text conveys the most important corporate finance concepts and applications at a level that is approachable to the widest possible audience.
This new international edition provides increased coverage of the procedures for estimating the cost of capital, expanded coverage of risk management techniques and the use and misuse of derivatives, and additional coverage of agency ...
This book is the ideal introduction for anyone looking for a short yet scholarly overview of corporate finance.
Corporate Finance
Take the following example in Screenshot 5.18 using data for four stocks, A, B, C and D. [The figures for this example are taken from Benninga (2000).] 10 11 12 13 14 15 E(R) Var Std Dev Cov[A,B] Corr{A,B) A B C D 6.00% 8.00% 10.00% ...