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Finance
Course:
Fundamentals of Corporate Fiance
David Whitehurst
UMIST
McGraw-Hill/Irwin

McGraw-Hill Primis
ISBN: 0-390-32001-3
Text:

Fundamentals of Corporate Finance, Third
Edition
Brealey-Myers-Marcus

This book was printed on recycled paper.
Finance
http://www.mhhe.com/primis/online/
Copyright (C)2003 by The McGraw-Hill Companies, Inc. All rights
reserved.Printed in the United States of America. Except as
permitted under the United States Copyright Act of 1976, no part
of this publication may be reproduced or distributed in any form
or by any means, or stored in a database or retrieval system,
without prior written permission of the publisher.

This McGraw-Hill Primis text may include materials submitted to
McGraw-Hill for publication by the instructor of this course. The
instructor is solely responsible for the editorial content of such
materials.
111 FINA ISBN: 0-390-32001-3

Contents
Brealey-Myers-Marcus * Fundamentals of Corporate Finance, Third Edition
Front Matter 1
Preface 1
Cross Reference System 6
Some Useful Facts and Formulas 7
I. Introduction 10
1. The Firm and the Financial Manager 10
2. Accounting and Finance 39
II. Value 61
3. The Time Value of Money 61
4. Valuing Bonds 108
6. Net Present Value and Other Investment Criteria 132
5. Valuing Stocks 167
7. Using Discounted Cash-Flow Analysis to Make Investment Decisions 198
8. Project Analysis 227
III. Risk 254
9. Introduction to Risk, Return, and the Opportunity Cost of Capital 254
10. Risk, Return, and Capital Budgeting 282
11. The Cost of Capital 309
IV. Financing 336
12. Corporate Financing and the Lessons of Market Efficiency 336
13. An Overview of Corporate Financing 357
14. How Corporations Issue Securities 380
V. Capital Structure and Dividend Policy 407
15. The Capital Structure Decision 407
16. Dividend Policy 441

VI. Financial Planning 465
17. Financial Statement Analysis 465
18. Financial Planning 496
19. Working Capital Management and Short-Term Planning 523

VII. Short-Term Financial Decisions 557
20. Cash and Inventory Management 557
21. Credit Management and Collection 582
VIII. Special Topics 607
22. Mergers, Acquisitions, and Corporate Control 607
23. International Financial Management 637
24. Options 664
25. Risk Management 689
IX. Conclusion 711
26. What We Do and Do Not Know About Finance 711
Back Matter 725
Appendix A: Present Value Tables 725
Appendix B: Solutions to Selected End-of-Chapter Problems 734
Glossary 748
Index 753