Includes index.

Contents: Overview of corporate finance -- Introduction to corporate finance -- Financial statements, taxes and cash flow -- Financial statements and long-term financial planning -- Working with financial statements -- Long-term financial planning and growth -- Valuation of future cash flows -- Introduction to valuation: the time value of money -- Discounted cash flow valuation -- Interest rates and bond valuation -- Stock valuation -- Capital budgeting -- Net present value and other investment criteria -- Making capital investment decisions -- Project analysis and evaluation -- Risk and returns -- Some lessons from capital market history -- Return, risk, the security market line -- Cost of capital and long-term financial policy -- Cost of capital -- Raising capital -- Financial leverage and capital structure policy -- Dividends and dividend policy -- Short-term financial planning and management -- Short-term finance and planning -- Cash and liquidity management -- Appendix 19A: Determining the target cash balance -- Credit and inventory management -- Appendix 20A: More on credit policy analysis -- Topics in corporate finance -- International corporate finance -- Appendix A: Mathematical table -- Appendix B: Key equations -- Appendix C: Answers to selected end-of-chapter problems.