The Financial Manager and the Firm The Financial Environment and the Level of Interest Rates Financial Statements, Cash Flows and Taxes Analysing Financial Statements The Time Value of Money Discounted Cash Flows and Valuation Risk and Return Bond Valuation and the Structure of Interest Rates Share Valuation The Fundamentals of Capital Budgeting Cash Flows and Capital Budgeting Evaluating Project Economics and Capital Rationing The Cost of Capital Working Capital Management How Firms Raise Capital Capital Structure Policy Dividends, Share Repurchases and Payout Policy Business Formation, Growth and Valuation Financial Planning and Forecasting Corporate Risk Management International Financial Management

This book by Robert Parrino, David Kidwell and Thomas Bates develops the fundamental concepts underlying corporate finance in an intuitive manner while maintaining a strong emphasis on developing computational skills. The authors believe that students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real decision-making situations. The Third Edition offers a level of rigor that is appropriate for both business and finance majors and presents the content in a manner that all students find accessible and engaging.