Part I. Value
1. Finance and the Financial Manager
2. Present Value, the Objectives of the Firm, and Corporate Governance
3. How to Calculate Present Values
4. The Value of Bonds and Common Stocks
5. Why Net Present Value Leads to Better Investment Decisions Than Other Criteria
6. Making Investment Decisions with the Net Present Value Rule
Part II. Risk
7. Introduction to Risk, Return, and the Opportunity Cost of Capital
8. Risk and Return
9. Capital Budgeting and Risk
Part III. Practical Problems in Capital Budgeting
10. A Project is Not a Black Box
11. Strategy and the Capital Investment Decision
12. Agency Problems, Management Compensation, and the Measurement of Performance
Part IV. Financing Decisions and Market Efficiency
13. Corporate Financing and the Six Lessons of Market Efficiency
14. An Overview of Corporate Financing
15. How Corporations Issue Securities
Part V. Payout Policy and Capital Structure
16. Payout Policy
17. Does Debt Policy Matter?
18. How Much Should a Firm Borrow?
19. Financing and Valuation
Part VI. Options
20. Understanding Options
21. Valuing Options
22. Real Options
Part VII. Debt Financing
23. Valuing Government Bonds
24. Credit Risk
25. The Many Different Kinds of Debt
26. Leasing
Part VIII. Risk Management
27. Managing Risk
28. Managing International Risks
Part IX. Financial Planning and the Management of Working Capital
29. Financial Analysis and Planning
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