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Corporate Finance
Subject: Finance
Audience: undergraduate business majors
Created date: July 9, 2021
Updated date: December 7, 2021
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Description:
Corporate Finance By Kenneth S. Bigel
Corporate Finance
follows up on the conceptual foundations set in
Introduction to Financial Analysis
. This text covers numerous topics that are critical for both Advanced Corporate Finance, for Financial Markets, and virtually every concept that is useful in the Finance discipline as a whole.
The text’s two major topics are Capital Budgeting and Capital Structure. Capital Budgeting covers the manner in which corporations choose optimal business investments in order to meet its growth aspirations. Capital Structure addresses the manner in which the corporation chooses to finance its growth objectives using one or another mix of debt and equity.
Both topics are relevant to financial markets for two reasons. One, the concepts are easily translated into identical mathematical formula which are readily adapted to financial markets. Two, the corporation itself must be understood in the context of investing in the securities which it issues. Our text also digs deeply into short-term corporate financial management.
Short Description:
Introductory textbook on Corporate Finance for undergraduate business and economics students.
Outline
Chap 0 Review of the Time Value of Money
Chap 1 Capital Budgeting
Payback, Net Present Value, Profitability Index, Internal Rate of Return, Project Scale, Modified Internal Rate of Return
Chap 2 Advanced Capital Budgeting
MIRR and Negative Interim Cash Flows, Reinvestment Rates, NPV Versus IRR, Replacement Chain Analysis and the Annual Annuity Approach, Limits of the Firm’s Capital, Spot Rates and the Spot Curve.