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Modern Corporate Finance: Theory and Practice, 6th ed.

Donald R. Chambers
Nelson J. Lacey

ISBN: 978-0-7380-3725-7
Net Price: $68.00

This text emphasizes the modernist movement in finance, which is based on systematic methodology with an emphasis on deductive reasoning and empirical validation. The modernist movement produces a market-value based approach to finance that is built around shareholder wealth maximization, options, and agency relationships. While this movement has, without question, expanded the frontiers of knowledge in finance, instructors have lacked a framework from which to teach these concepts at the introductory level. To date, undergraduate finance texts based on the modernist approach have been written from graduate texts. Thus, this text fills an important void in the market - a modernist book written for the introductory level of study.

Distinctive Features

  • Presents essential points of finance theory reinforced with hands-on applications
  • Focuses on essential materials, streamlining teaching
  • Contains demonstration problems, review questions, extensive problem sets, and discussion questions
  • Features boxed "Windows" and "Workshops" to provide additional content and step-by-step financial problem solving

Instructor's manual is available.

Table of Contents

1. Introduction to Modern Corporate Finance
2. Markets and Contracts
3. Corporate Ethics and Shareholder Wealth Maximization
4. The Time Value of Money
5. The Valuation of Financial Securities
6. Introduction to Options
7. The Techniques of Capital Budgeting
8. Estimating Project Cash Flows
9. Real Options
10. Advanced Topics in Capital Budgeting
11. Risk and Diversification
12. Modern Portfolio Theory and the Capital Asset Pricing Model
13. Financial Leverage
14. Financing: Why Might It Matter
15. The Dividend Decision
16. Financial Analysis
17. Working Capital Management
18. Corporate Financial Planning
19. International Finance
20. Mergers and Other Reorganizations
21. Financial Engineering
INDEX

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