Corporate Finance https://www.mheducation.com/cover-images/Jpeg_400-high/1259918947.jpeg 12 9781259918940 Corporate Finance, by Ross, Westerfield, Jaffe, and Jordan emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The Twelfth Edition includes many exciting new research findings as well as the incorporation of the Tax Cuts and Jobs Act (TCJA) throughout the text. Connect is proven to deliver better results for students and instructors. Proven content integrates seamlessly with enhanced digital tools to create a personalized learning experience that provides students with precisely what they need, when they need it. With Connect, the educational possibilities are limitless.
Corporate Finance

Corporate Finance

12th Edition
By Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan
ISBN10: 1259918947
ISBN13: 9781259918940
Copyright: 2019
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The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

Program Details

Part I Overview


1  Introduction to Corporate Finance 
2  Financial Statements and Cash Flow 
3  Financial Statements Analysis and Financial Models 


Part II  Valuation and Capital Budgeting 


4  Discounted Cash Flow Valuation 
5  Net Present Value and Other Investment Rules 
6  Making Capital Investment Decisions 
7  Risk Analysis, Real Options, and Capital Budgeting 
8  Interest Rates and Bond Valuation 
9  Stock Valuation 


Part III Risk


10  Lessons from Market History 
11  Return, Risk, and the Capital Asset Pricing Model (CAPM)
12  An Alternative View of Risk and Return: The Arbitrage Pricing Theory 
13  Risk, Cost of Capital, and Valuation 


Part IV Capital Structure and Dividend Policy


14  Efficient Capital Markets and Behavioral Challenges 
15  Long-Term Financing
16  Capital Structure: Basic Concepts 
17  Capital Structure: Limits to the Use of Debt 
18  Valuation and Capital Budgeting for the Levered Firm 
19  Dividends and Other Payouts 


Part V Long-Term Financing


20  Raising Capital 
21  Leasing 


Part VI Options, Futures, and Corporate Finance


22  Options and Corporate Finance 
23  Options and Corporate Finance: Extensions and Applications 
24  Warrants and Convertibles
25  Derivatives and Hedging Risk 


Part VII Short-Term Finance


26  Short-Term Finance and Planning 
27  Cash Management 
28  Credit and Inventory Management 


Part VIII Special Topics


29  Mergers, Acquisitions, and Divestitures  
30  Financial Distress 
31  International Corporate Finance 


Appendix A: Mathematical Tables 
Appendix B: Solutions to Selected End-of-Chapter Problems 
Appendix C: Using the HP 10B and TI BA II Plus Financial Calculators 




About the Author

Stephen Ross

The late Stephen A. Ross was the Franco Modigliani Professorof Finance and Economics at the Sloan School of Management, MassachusettsInstitute of Technology. One of the most widely published authors in financeand economics, Professor Ross was known for his work in developing theArbitrage Pricing Theory as well as his substantial contributions to thediscipline through his research on signaling, agency theory, option pricing,and the theory of the term structure of interest rates, among other topics. Apast president of the American Finance Association, he also served as anassociate editor of various academic and practitioner journals. He was atrustee of CalTech. 

Randolph Westerfield

RandolphW. Westerfield is Dean Emeritus and the Charles B. Thornton Professor inFinance Emeritus at the University of Southern California’s Marshall School ofBusiness. Professor Westerfield came to USC from the Wharton School, Universityof Pennsylvania, where he was the chairman of the finance department and amember of the finance faculty for 20 years. He is a member of the board oftrustees of Oaktree Capital mutual funds. His areas of expertise includecorporate financial policy, investment management, and stock market pricebehavior.

Jeffrey Jaffe

Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal . His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.

Bradford Jordan

Bradford D. (Brad) Jordan, University of Florida, Visiting Scholar. Before arriving at UF, Dr. Jordan held the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he was department chair for many years. He specializes in corporate finance and securities valuation. His recent research examines mutual fund manager skill, the effect of taxes on security values, the valuation of exotic options, and the pricing of IPOs. He has published numerous articles in leading finance journals, and he has received a variety of research awards, including the Fama/DFA Award in 2010. Dr. Jordan is also coauthor of Corporate Finance 13/e, Fundamentals of Corporate Finance 13/e, and Essentials of Corporate Finance 8/e, three of the most widely used business finance textbooks in the world that are published by McGraw Hill. 

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Prep Courses cover the basic concepts in Math, Statistics, Accounting, Excel, and Economics, and are comprised of animated tutorial modules with quiz questions. Instructors can assign as homework or include for optional practice. Prep Courses give instructors more time in class to cover finance topics, and ensure that students do not get left behind.

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Corporate Finance Video Series

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Excel Simulation Problems allow students to practice their Excel skills within the context of Corporate Finance or Investments. Questions feature animated, narrated Help and Show Me tutorials for students, as well as automatic feedback and grading for both students and professors.

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