Yohn Alternative Versions are designed to give your students more value and flexibility by letting them choose the format of their text, from physical books to ebook versions. Coverage describes the ongoing changes to how stocks are traded worldwide. Pearson offers special pricing when you package your text with other student resources. Fundamentals of Capital Budgeting 9. Students can also continue to upload images such as phone photos of handwritten work. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.
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Corporate Finance, 4th Edition. Personalize learning with MyFinanceLab TMMyFinanceLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results.
Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. Auto-Graded Excel Projects use proven, field-tested technology, allowing instructors to seamlessly integrate Excel problems into their course. End-of-chapter problems. The values in the problems are algorithmically generated, giving students many opportunities for practice and mastery.
Problems can be assigned by professors and completed online by students. Helpful tutorial tools, along with the same pedagogical aids from the text, support students as they study. Links to the eText direct students to the material they most need to review. Interactive Figures. Select in-text graphs and figures that cover topics such as bonds, stock valuation, NPV, and IRR have been digitally enhanced to allow students to interact with variables to affect outcomes and bring concepts to life.
Video clips cover high-profile firms such as Boeing, Cisco, Delta, and Intel through interviews and analysis. The videos focus on core topical areas, including capital budgeting, mergers and acquisitions, and risk and return. Finance in the News provides weekly postings of a relevant and current article from a newspaper or journal article with discussion questions that are assignable in MyFinanceLab.
Author Solution Videos walk students through the in-text examples using math, the financial calculator, and spreadsheets. HTML5 Player. Students can also continue to upload images such as phone photos of handwritten work. Printing enhancements include:.
The Law of One Price is used as a framework, reflecting the modern idea that the absence of arbitrage is the unifying concept in valuation. This theme is explicitly introduced in Chapter 3, revisited in each Part Opener, and integrated throughout the text-motivating all major concepts.
This methodology directly connects theory to practice, and unifies what might appear to students as disparate topics that comprise the course syllabus corporate finance, investments, and valuation. Options for Teaching Risk and Return. Chapter 3 briefly introduces the concept of risk and return. Using the no-arbitrage concept, the reasoning behind evaluating risk relative to a benchmark is explained conceptually and allows for use of the concept of risk and return in early chapters.
Later, the structure of Part IV is flexible and allows instructors to opt for brief or comprehensive coverage of the topic. Emphasis of Capital Budgeting and Valuation. Capital budgeting and valuation is presented in two distinct stages. The first, which appears in Chapter 8, focuses on cash flows, while the second stage focuses on capital budgeting and valuation in the real world in Chapter 18 and the capstone Chapter A Simplified Presentation of Mathematics. One of the hardest parts of learning finance is mastering the jargon, math, and non-standardized notation.
Corporate Finance systematically uses:. Timelines: Introduced in Chapter 4, timelines are emphasized as the important first step in solving every problem that involves cash flows.
Corporate Finance Berk Numbered and Labeled Equations: The first time a full equation is given in notation form it is numbered. Twenty-two Global Financial Crisis boxes reflect the reality of the recent financial crisis and ongoing sovereign debt crisis, noting lessons learned. Boxes across the book illustrate and analyze key details. Applications that Reflect Real Practice. Corporate Finance features actual companies and leaders in the field:.
Six interviews with notable practitioners highlight leaders in the field and address the effects of the financial crisis and ongoing European sovereign debt crisis. Nobel Prize boxes reflect recent Nobel prizes awarded for material covered in the book. Specific Content Changes. Material that addresses the implications of negative interest rates has been added throughout the book. Coverage describes the ongoing changes to how stocks are traded worldwide.
Also, the Dodd-Frank Act information has been updated and a new interview with M. The Corporation2. Introduction to Financial Statement Analysis3. The Time Value of Money5. Interest Rates6. Investment Decision Rules8. Fundamentals of Capital Budgeting9.
Capital Markets and the Pricing of Risk Estimating the Cost of Capital Capital Structure in a Perfect Market Debt and Taxes Financial Distress, Managerial Incentives, and Information Capital Budgeting and Valuation with Leverage Financial Options Option Valuation Raising Equity Capital Debt Financing Working Capital Management Mergers and Acquisitions Corporate Governance Risk Management International Corporate Finance.
About the Author s Jonathan Berk is the A. Prior to earning his Ph. Murray Prize. Born in Johannesburg, South Africa, Professor Berk is married, with two daughters, and is an avid skier and biker. He currently teaches MBA and Ph. Courses in Corporate Finance and Financial Modeling. Cheit Outstanding Teaching Award at U. His recent work has examined issues of the optimal design of contracts and securities, and the influence of information asymmetries on stock prices and corporate investment.
Corporate Finance, 4th Edition
The Law of One Price is used as a framework, reflecting the modern idea that the absence of arbitrage is the unifying concept in valuation. This theme is introduced in Chapter 3, revisited in each Part Opener, and integrated throughout. It connects theory to practice, and unifies what might appear to students as disparate topics that comprise the course syllabus. Chapter 3 briefly introduces the concept of risk and return so that it can be used in early chapters. Later, Part IV is flexible and allows instructors to opt for brief or comprehensive coverage of the topic. Capital budgeting and valuation is presented in two distinct stages. In Chapter 8, the first stage focuses on cash flows, while the second stage focuses on capital budgeting and valuation in the real world in Chapter 18 and the capstone Chapter
Corporate Finance, Global Edition
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