Corporate Finance 9th Edition (McGraw-Hill/Irwin Series in Finance, Insurance and Real Estate)

The terrific trio of Stephen Ross, Randolph Westerfield, and Jeffrey Jaffe join forces to provide college and university students with a useful resource in their textbook Corporate Finance 9th Edition (McGraw-Hill/Irwin Series in Finance, Insurance and Real Estate). With a strong emphasis on the contemporary foundations of finance, this text integrates modern examples to make concepts more meaningful for students. This resource revolves around the most essential facets of modern finance which include arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return. Boasting a concise and relatable coverage of information, an application approach is a tremendous part of this text as well. Stephen Ross, Randolph Westerfield, and Jeffrey Jaffe utilize crafty organization techniques in their book Corporate Finance 9th Edition (McGraw-Hill/Irwin Series in Finance, Insurance and Real Estate) arranging material across eight parts and 31 chapters. Part I begins this text with an 'Overview' presenting an introduction to corporate finance and discussing financial statements and cash flow as well as analysis of statements and financial models. Part II delves into 'Valuation and Capital Budgeting' with chapters devoted to discounted cash flow valuation, net present value and other investment rules, risk analysis, and stock valuation. 'Risk' is the topic of choice in part III with information included on risk and return, the capital asset pricing model, and the arbitrage pricing theory. Part IV investigates 'Capital Structure and Dividend Policy' with topics covered including long-term financing, basic concepts of capital structure, and dividends and other payouts. Part V delves into 'Long-Term Financing' with chapters devoted to issuing securities to the public and leasing while part VI, entitled 'Options, Futures, and Corporate Finances' discusses extensions and applications, warrants and convertibles, as well as derivatives and hedging risks. 'Short-Term Finance' is the focus of part VII with chapters presenting information on cash management and credit and inventory management. The book is concluded with part VIII devoted to 'Special Topics' including mergers, acquisitions, divestitures, financial distress, and finally, international corporate finance.