Instant download Principles of Corporate Finance Brealey 11th Edition Test Bank pdf docx epub after payment.
Product details:
- ISBN-10 : 0078034760
- ISBN-13 : 978-0078034763
- Author:
The integrated solutions for Brealey’s Principles of Corporate Finance have been specifically designed to help improve student performance, meaning that students are prepared for class and can successfully solve problems and analyse the results. Resources within Connect Finance provide unlimited opportunities for students to practice solving financial problems and apply what they’ve learned. Brealey’s world-leading content showing managers how to use financial theory to solve practical problems combined with a complete digital solution will help students achieve higher outcomes in the course.
Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
Table of contents:
C h a p t e r 1 FINANCE AND THE FINANCIAL MANAGER 4 1.1 What Is a Corporation? 5 1.2 The Role of the Financial Manager 6 1.3 Who Is the Financial Manager? 8 1.4 Separation of Ownership and Management 9 1.5 Topics Covered in this Book 11 Summary 12 Further Reading 12 Concept Review Questions 13 Quiz 13 C h a p t e r 2 PRESENT VALUES, THE OBJECTIVES OF THE FIRM, AND CORPORATE GOVERNANCE 14 2.1 Introduction to Present Value 15 Calculating Future and Present Value / Net Present Value / Risk and Present Value / Present Values and Rates of Return / The Opportunity Cost of Capital / A Source of Confusion 2.2 Foundations of the Net Present Value Rule 20 How Capital Markets Reconcile Preferences for Current vs. Future Consumption / A Fundamental Result / Other Corporate Goals 2.3 Corporate Goals and Corporate Governance 25 Should Managers Look after the Interests of Shareholders? / Should Firms Be Managed for Shareholders or All Stakeholders? Summary 28 Further Reading 30 Concept Review Questions 30 Quiz 30 Practice Questions 31 Challenge Questions 32 C h a p t e r 3 HOW TO CALCULATE PRESENT VALUES 34 3.1 Valuing Long-Lived Assets 35 Valuing Cash Flows in Several Periods / Why the Discount Factor Declines As Futurity Increases? And a Digression on Money Machines / Calculating PVs and NPVs 3.2 Looking for Shortcuts?Perpetuities and Annuities 39 How to Value Growing Perpetuities / How to Value Annuities 3.3 Compound Interest and Present Values 44 A Note on Compounding Intervals / Continuous Compounding 3.4 Nominal and Real Rates of Interest 49 Summary 50 Web Exercises 51 Concept Review Questions 52 Quiz 52 Practice Questions 53 Challenge Questions 55 C h a p t e r 4 THE VALUE OF BONDS AND COMMON STOCKS 56 4.1 Using Present Value Formulas to Value Bonds 57 A Short Trip to Germany to Value a Government Bond / What Happens When Interest Rates Change? / Back in the United States: Semiannual Coupons and Bond Prices 4.2 How Common Stocks Are Traded 60 4.3 How Common Stocks Are Valued 61 Today?s Price / But What Determines Next Year?s Price? 4.4 Estimating the Cost of Equity Capital 65 Using the DCF Model to Set Gas and Electricity Prices / Some Warnings about Constant-Growth Formulas / DCF Valuation with Varying Growth Rates 4.5 The Link between Stock Price and Earnings per Share 72 Calculating the Present Value of Growth Opportunities for Fledgling Electronics / Some Examples of Growth Opportunities? Summary 76 Further Reading 77 Concept Review Questions 78 Quiz 78 Practice Questions 79 Challenge Questions 81 Mini-case: Reeby Sports 82 C h a p t e r 5 WHY NET PRESENT VALUE LEADS TO BETTER INVESTMENT DECISIONS THAN OTHER CRITERIA 84 5.1 A Review of the Basics 85 Net Present Value?s Competitors / Three Points to Remember about NPV / NPV Depends on Cash Flow, Not on Book Returns 5.2 Payback 89 The Payback Rule 5.3 Internal (or Discounted-Cash-Flow) Rate of Return 91 Calculating the IRR / The IRR Rule / Pitfall 1?Lending or Borrowing? / Pitfall 2?Multiple Rates of Return / Pitfall 3?Mutually Exclusive Projects / Pitfall 4?What Happens When We Can?t Finesse the Term Structure of Interest Rates? / The Verdict on IRR 5.4 Choosing Capital Investments When Resources Are Limited 100 An Easy Problem in Capital Rationing / Uses of Capital Rationing Models Summary 103 Further Reading 104 Concept Review Questions 105 Quiz 105 Practice Questions 106 Challenge Questions 108 Mini-case: Vegetron?s CFO Calls Again 109
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