Includes index

Contents: Value -- Finance and the financial manager -- Present value and the opportunity cost of capital -- How to calculate present values -- The Value of common stocks -- Why net present value leads to better investment decisions than other criteria -- Making investment decisions with the net present value rule -- Introduction to risk, return, and the opportunity cost of capital -- Risk and return -- Capital budgeting and risk -- Practical problems in capital budgeting -- A Project is not a black box -- Where positive net present values come from -- Making sure managers maximize NPV -- Financing decisions and market efficiency -- Corporate financing and the six lessons of market efficiency -- An Overview of corporate financing -- How corporations issue securities -- Dividend policy and capital structure -- The Dividend controversy -- Does debt policy matter? -- How much should a firm borrow? -- Financing and valuation -- Understanding options -- Valuing options -- Real options -- Warrants and convertibles -- Debt financing -- Valuing debt -- The Many different kinds of debt -- Leasing -- Risk management -- Managing risk -- Managing international risks -- Financial planning and short-term management -- Financial analysis and planning -- Short-term financial planning -- Cash management -- Credit management -- Mergers corporate control and governance -- Mergers -- Control, governance, and financial architecture -- Conclusion: what we do and do not know about finance -- Appendix A: present value tables -- Appendix B: answers to quizzes.