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Continuing the four goals from the first edition, i.e. helping students to make good financial decisions, providing a solid text for the introductory MBA course, motivating students by demonstrating finance is relevant and interesting, and resenting the material clearly, this Eleventh Edition promises to be the best yet. Written by a highly-acclaimed, best selling, author team, this text remains the only MBA-level text to present a balance of financial theory and applications. key Feature Multi-disciplinary Approach: Subjects explain how all areas of business affect and are affected by corporate finance Spreadsheet Models: Accompany eachchapter (except Ch. 1) for problem solving Practical Application of Theory and Trends: Application through tried and true pedagogy, real-world examples, problem sets, and integrated mini-cases. Tool Kit: Available to show how the calculations required in each chapter is done with Excel Mini Case spreadsheets: In addition to the PowerPoint slides, the text includes these Excel spreadsheets that do the calculations required in the Mini Cases Two types of spreadsheet problems: The first type is a Build a Model problem, where students start with a partially completed spreadsheet that contains financial data plus instructions for solving a particular problem. The second type of spreadsheet problem is a What If Analysis where students start with a spreadsheet containing data, instructions, and a completed model, plus a series of questions that asks them to change certain inputs and to observe changes in the key outputs Table of Contents Part I: Fundamental Concepts of Financial Management 1. An Overview of Financial Management andthe Financial Environment 2. Time Value of Money 3. Financial Statements, Cash Flow, and Taxes 4. Risk and Return: The Basics 5. Risk and Return: Extensions Part II: Securities and Their Valuation. 6. Bonds and Their Valuation 7. Stocks and Their Valuation 8. Financial Options and Their Valuation Part III: Projects and their Valuation 9. The Cost of Capital 10.The Basics of Capital Budgeting: Evaluating Cash Flows 11. Cash Flow Estimation and Risk Analysis 12. Real Options Part IV: Corporate Valuation 13. Analysis of Financial Statements 14. Financial Planning and Forecasting Proforma Financial Statements 15. Corporate Valuation, Value-Based Management, and Corporate Governance Part V: Strategic Financing Decisions 16. Capital Structure Decisions: The Basics 17. Capital Structure Decisions: Extensions 18. Distribution to Shareholders: Dividends and Repurchases Part VI: Tactical Financing Decisions 19. Initial Public Offerings, Investment Banking, and Financial Restructuring 20. Lease Financing 21. Hybrid Financing: Preferred Stock, Warrants, and Convertibles Part VII: Special Topics 22. Working Capital Management 23. Derivatives and Risk Management 24. Bankruptcy, Reorganization, and Liquidation 25. Mergers, LBOs, Divestitures, and Holding Companies 26. Multinational Financial Management 27. Banking Relationships 28. Working Capital Management: Extensions 29. Pension Plan Management 30. Financial Management in Not-for-Profit Businesses