Essentials of Corporate Finance

    parrino-essentials

    Essentials of Corporate Finance

    By Robert Parrino, David S. Kidwell, Thomas Bates

    Researchers and educators agree that it takes more than academic knowledge to be prepared for college—intrapersonal competencies like conscientiousness have been proven to be strong determinants of success. WileyPLUS with ORION for Essentials of Corporate Finance helps you identify students’ proficiency early in the semester and intervene as needed.

    Essentials of Corporate Finance offers a finely tuned balance of intuitive conceptual understanding, problem solving, analysis, and decision making. Packed with every resource found in Fundamentals of Corporate Finance, this briefer version offers a focused approach to the fundamentals of value creation.

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    What's Inside

    parrino-fundamentals-feature1

    Simulations help students sharpen analytical skills

    Learning by Doing applications contain quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve problems. The interactive tutorials are based on the Learning by Doing applications and are assignable in WileyPLUS.

    parrino-fundamentals-feature2

    Concepts are connected to the real world

    Finance Weekly Updates is a free news blog that is updated every Monday morning with the most current and relevant news stories for your management courses. Each week, five new articles are posted, along with source information, discussion questions, and textbook topic references.

    FEATURES INCLUDE

    Read, Study, Practice

    • A complete online version of the text
    • Excel-based templates
    • Excel-based animated tutorials
    • Student Quizzes with instant feedback
    • Crossword Puzzles and Flash Cards for interactive review
    • Assignment

    A “Link-to-text” feature that allows students to access specific portions of their online text for immediate, contextual help as they are working

    • Practice Questions
    • Pre-lecture Quiz Questions gauge student’s knowledge before class
    • Post-lecture Quiz Questions to test student’s knowledge after class
    • End of chapter questions
    • Test Bank
    • Web Quizzing

    Prepare & Present

    • Wiley Corporate Finance Video Collection Series
    • Computerized Test Bank
    • PowerPointTM Slides to summarize chapter content
    • Finance Weekly Updates: www.wileyfinanceupdates.com

    Table of Contents

    PART 1 INTRODUCTION

    1 The Financial Manager and the Firm 1

    PART 2 FOUNDATIONS

    2 The Financial System and the Level of Interest Rates 26

    3 Financial Statements, Cash Flows, and Taxes 50

    4 Analyzing Financial Statements 83

    PART 3 VALUATION OF FUTURE CASH FLOWS

    5 The Time Value of Money, Discounted Cash Flows, and Valuation 126

    6 Risk and Return 183

    7 Bond Valuation and the Structure of Interest Rates 221

    8 Stock Valuation 253

    PART 4 CAPITAL BUDGETING DECISIONS

    9 The Fundamentals of Capital Budgeting 284

    10 Cash Flows and Capital Budgeting 328

    11 The Cost of Capital 363

    PART 5 FINANCING DECISIONS

    12 Working Capital Management 395

    13 How Firms Raise Capital 426

    14 Capital Structure Policy 458

    15 Dividends, Stock Repurchases, and Payout Policy 495

    PART 6 FINANCIAL PLANNING

    16 Financial Planning and Managing Growth 519

    PART 7 INTERNATIONAL DECISIONS

    17 International Financial Management 554

    Resources

    INSTRUCTOR RESOURCES

    • Wiley Corporate Finance Video Collection Series A series of selected videos featuring companies in the current news to reinforce financial concepts.
    • Instructor’s Manual Included in each chapter are lecture outlines, a summary of learning objectives and key equations, and alternative approaches to the material.
    • Solutions Manual
    • Test Bank With over 1000 questions, the test bank allows instructors to tailor examinations according to study objectives and Bloom’s Taxonomy.
    • Computerized Test Bank The computerized test bank allows instructors to create and print multiple versions of the same test by scrambling the order of all questions found in the Word version of the test bank.
    • PowerPoint Presentation Material The PowerPoint presentations contain a combination of key concepts, figures and tables, and problems and examples from the textbook.
    • Finance Weekly Updates www.wileyfinanceupdates.com. Every week brings you the latest news relevant to your Finance course. Password only available to current users.

    STUDENT RESOURCES

    • Wiley Corporate Finance Video Collection Series A series of selected videos featuring companies in the current news to reinforce financial concepts.
    • Finance Weekly Updates www.wileyfinanceupdates.com.Every week brings you the latest news relevant to your Finance course. Password only available to current users.
    • Excel Templates This online collection of Excel templates allow students to complete select end–of–chapter questions and problems identified by a spreadsheet icon in the textbook.
    parrino-fundamentals-feature1

    Simulations help students sharpen analytical skills

    Learning by Doing applications contain quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve problems. The interactive tutorials are based on the Learning by Doing applications and are assignable in WileyPLUS.

    parrino-fundamentals-feature2

    Concepts are connected to the real world

    Finance Weekly Updates is a free news blog that is updated every Monday morning with the most current and relevant news stories for your management courses. Each week, five new articles are posted, along with source information, discussion questions, and textbook topic references.

    FEATURES INCLUDE

    Read, Study, Practice

    • A complete online version of the text
    • Excel-based templates
    • Excel-based animated tutorials
    • Student Quizzes with instant feedback
    • Crossword Puzzles and Flash Cards for interactive review
    • Assignment

    A “Link-to-text” feature that allows students to access specific portions of their online text for immediate, contextual help as they are working

    • Practice Questions
    • Pre-lecture Quiz Questions gauge student’s knowledge before class
    • Post-lecture Quiz Questions to test student’s knowledge after class
    • End of chapter questions
    • Test Bank
    • Web Quizzing

    Read, Study, Practice

    • A complete online version of the text
    • Excel-based templates
    • Excel-based animated tutorials
    • Student Quizzes with instant feedback
    • Crossword Puzzles and Flash Cards for interactive review
    • Assignment

    A “Link-to-text” feature that allows students to access specific portions of their online text for immediate, contextual help as they are working

    • Practice Questions
    • Pre-lecture Quiz Questions gauge student’s knowledge before class
    • Post-lecture Quiz Questions to test student’s knowledge after class
    • End of chapter questions
    • Test Bank
    • Web Quizzing

    Prepare & Present

    • Wiley Corporate Finance Video Collection Series
    • Computerized Test Bank
    • PowerPointTM Slides to summarize chapter content
    • Finance Weekly Updates: www.wileyfinanceupdates.com

    PART 1 INTRODUCTION

    1 The Financial Manager and the Firm 1

    PART 2 FOUNDATIONS

    2 The Financial System and the Level of Interest Rates 26

    3 Financial Statements, Cash Flows, and Taxes 50

    4 Analyzing Financial Statements 83

    PART 3 VALUATION OF FUTURE CASH FLOWS

    5 The Time Value of Money, Discounted Cash Flows, and Valuation 126

    6 Risk and Return 183

    7 Bond Valuation and the Structure of Interest Rates 221

    8 Stock Valuation 253

    PART 4 CAPITAL BUDGETING DECISIONS

    9 The Fundamentals of Capital Budgeting 284

    10 Cash Flows and Capital Budgeting 328

    11 The Cost of Capital 363

    PART 5 FINANCING DECISIONS

    12 Working Capital Management 395

    13 How Firms Raise Capital 426

    14 Capital Structure Policy 458

    15 Dividends, Stock Repurchases, and Payout Policy 495

    PART 6 FINANCIAL PLANNING

    16 Financial Planning and Managing Growth 519

    PART 7 INTERNATIONAL DECISIONS

    17 International Financial Management 554

    INSTRUCTOR RESOURCES

    • Wiley Corporate Finance Video Collection Series A series of selected videos featuring companies in the current news to reinforce financial concepts.
    • Instructor’s Manual Included in each chapter are lecture outlines, a summary of learning objectives and key equations, and alternative approaches to the material.
    • Solutions Manual
    • Test Bank With over 1000 questions, the test bank allows instructors to tailor examinations according to study objectives and Bloom’s Taxonomy.
    • Computerized Test Bank The computerized test bank allows instructors to create and print multiple versions of the same test by scrambling the order of all questions found in the Word version of the test bank.
    • PowerPoint Presentation Material The PowerPoint presentations contain a combination of key concepts, figures and tables, and problems and examples from the textbook.
    • Finance Weekly Updates www.wileyfinanceupdates.com. Every week brings you the latest news relevant to your Finance course. Password only available to current users.

    STUDENT RESOURCES

    • Wiley Corporate Finance Video Collection Series A series of selected videos featuring companies in the current news to reinforce financial concepts.
    • Finance Weekly Updates www.wileyfinanceupdates.com.Every week brings you the latest news relevant to your Finance course. Password only available to current users.
    • Excel Templates This online collection of Excel templates allow students to complete select end–of–chapter questions and problems identified by a spreadsheet icon in the textbook.