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Finance, Insurance & Real Estatereflect this new content.• Chapter 23 - new material on enterprise risk management (ERM)and the use of insurance as an RM tool.• See book preface for a complete list of changesCONTENTSPart One: Overview of Corporate FinanceChapter 1: Introduction to Corporate FinanceChapter 2: Financial Statements, Taxes, and Cash FlowPart Two: Financial Statements and Long-Term Financial PlanningChapter 3: Working with Financial StatementsChapter 4: Long-Term Financial Planning and GrowthPart Three: Valuation of Future Cash FlowsChapter 5: Introduction to Valuation: The Time Value of MoneyChapter 6: Discounted Cash Flow ValuationChapter 7: Interest Rates and Bond ValuationChapter 8: Stock ValuationPart Four: Capital BudgetingChapter 9: Net Present Value and Other InvestmentCriteriaChapter 10: Making Capital Investment DecisionsChapter 11: Project Analysis and EvaluationPart Five: Risk and ReturnChapter 12: Some Lessons from Capital Market HistoryChapter 13: Return, Risk, and the Security Market LinePart Six: Cost of Capital and Long-Term Financial PolicyChapter 14: Cost of CapitalChapter 15: Raising CapitalChapter 16: Financial Leverage and Capital Structure PolicyChapter 17: Dividends and Payout PolicyPart Seven: Short-Term Financial Planning and ManagementChapter 18: Short-Term Finance and PlanningChapter 19: Cash and Liquidity ManagementChapter 20: Credit and Inventory ManagementPart Eight: Topics in Corporate FinanceChapter 21: International Corporate FinanceInternational editionNEW *9780078034640*FUNDAMENTALS OFCORPORATE FINANCE7th EditionBy Richard A Brealey, London Business School,Stewart C Myers, Mass Institute of Tech andAlan J Marcus, Boston College2012 (September 2011) / 768 pagesISBN: 9780078034640ISBN: 9780071314749 [IE]www.mhhe.com/bmm7eFundamentals of Corporate Finance, by Brealey, Myers and Marcus,provides students with a solid framework of theory and application touse well after they complete the course. This author team is knownfor their outstanding research, teaching efforts, and world-renownedfinance textbooks, so it’s no surprise that they provide clear expositionof difficult material without sacrificing up-to-date, technically correcttreatments. The seventh edition has been fully updated to reflectrecent events and is now available with Connect Finance!New to this editionMcGraw-Hill Connect FinanceConnect Finance offers a number of powerful tools and features tomake managing assignments easier, so you can spend more timeteaching. Students can engage with their coursework anytime andanywhere, making the learning process more accessible and efficient.In short, Connect Finance facilitates student learning and optimizesyour time and energies, enabling you to focus on course content,teaching, and student learning.• Create and deliver online, auto-graded homework assignments,quizzes, and tests directly from the end-of-chapter materials ortest bank. Problems are available as both static and algorithmicproblems, and there are also multiple-choice conceptual questions.• Students receive immediate, detailed feedback on their assignments,allowing them to focus on the areas where they needimprovement.• Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,and difficulty level enable you to run reports that assess specificlearning outcomes.• A Self Quiz and Study program allows students to evaluate theirperformance through a practice test and then receive recommendationsfor specific readings from the text, supplemental studymaterial, and practice work that will improve their mastery of eachlearning objective.• Pre-built assignments are available to save you set up time.• Guided Examples offer online student tutorials at the problem level.They present a similar problem using either formulas, calculator, orExcel, next to the homework problem to help students understandhow to move forward.• Prep Courses, comprised of animated tutorial modules with quizquestions, cover the subjects of Statistics, Math, Accounting,and Economics, and are intended to make sure students are upto speed on these key concepts before exposing them to morecomplex subjects.Connect Plus Finance. This packaging option combines all thegreat features of Connect Finance, along with access to an onlineversion of Fundamentals of Corporate Finance, linked to additionalstudy features, so that students can easily refer back to the text forreview and guidance.Updated Topic Coverage:• To reflect the increased attention on agency theory and behavioralfinance, the material on efficient markets in Chapter 7 (ValuingStocks) now includes a section on price bubbles as well as a discussionof behavioral biases. Other topics that receive increasedemphasis include company valuation, real options, and stockrepurchases.• There are plenty of references in this edition to the crisis of 2007-2009 and its impact on financial managers, and there are alsomany less dramatic examples of recent changes in the financiallandscape. For example, Chapter 3 (Accounting and Finance)includes a discussion of SOX, of mark-to-market accounting, andof recent developments in international accounting standards.• All statistics have been updated when appropriate, includingmeasures of EVA, data on security ownership, bond yields, anddividend and repurchase payouts.Improved Flow:• • Chapter 4 emphasizes how financial ratios are used in measuringthe value management has added to a firm. This context preventsthe chapter from becoming a tedious list of ratios. This introductionprevents the chapter from becoming a tedious list of ratios.• The discussion of the internal rate of return and its pitfalls inChapter 8 (Net Present Value and Other Investment Criteria) hasbeen reworked to make the discussion of IRR flow more easily.Spreadsheet Solutions Boxes demonstrate how students mayuse Microsoft Excel to perform useful financial calculations demonstratehow students may use Microsoft Excel to perform usefulfinancial calculations. Questions have been added at the end ofeach box so students can perform their own similar analysis to make67