PART I Learning Outcomes, Summary Overview, and Problems 1
CHAPTER 1 Corporate Governance 3
Learning Outcomes 3
Summary Overview 3
Problems 5
CHAPTER 2 Capital Budgeting 11
Learning Outcomes 11
Summary Overview 12
Problems 15
CHAPTER 3 Cost of Capital 29
Learning Outcomes 29
Summary Overview 29
Problems 31
CHAPTER 4 Measures of Leverage 39
Learning Outcomes 39
Summary Overview 39
Problems 40
CHAPTER 5 Capital Structure 45
Learning Outcomes 45
Summary Overview 45
Problems 46
CHAPTER 6 Dividends and Share Repurchases: Basics 51
Learning Outcomes 51
Summary Overview 51
Problems 52
CHAPTER 7 Dividends and Share Repurchases: Analysis 57
Learning Outcomes 57
Summary Overview 57
Problems 59
CHAPTER 8 Working Capital Management 63
Learning Outcomes 63
Summary Overview 63
Problems 64
CHAPTER 9 Financial Statement Analysis 67
Learning Outcomes 67
Summary Overview 67
Problems 68
CHAPTER 10 Mergers and Acquisitions 73
Learning Outcomes 73
Summary Overview 74
Problems 75
PART II Solutions 83
CHAPTER 1 Corporate Governance 85
Solutions 85
CHAPTER 2 Capital Budgeting 87
Solutions 87
CHAPTER 3 Cost of Capital 99
Solutions 99
CHAPTER 4 Measures of Leverage 103
Solutions 103
CHAPTER 5 Capital Structure 107
Solutions 107
CHAPTER 6 Dividends and Share Repurchases: Basics 111
Solutions 111
CHAPTER 7 Dividends and Share Repurchases: Analysis 113
Solutions 113
CHAPTER 8 Working Capital Management 115
Solutions 115
CHAPTER 9 Financial Statement Analysis 119
Solutions 119
CHAPTER 10 Mergers and Acquisitions 125
Solutions 125
About the CFA Program 131
MICHELLE R. CLAYMAN, CFA, is Founder, Managing Partner, and Chief Investment Officer of New Amsterdam Partners LLC, an institutional money management firm in New York City. She has been published in the Financial Analysts Journal and the Journal of Investing, and is a frequent commentator for CNBC, Bloomberg, and other financial media outlets.
MARTIN S. FRIDSON, CFA, is the CEO of FridsonVision LLC in New York City and is known for his innovative work in credit analysis and investment strategy. He is the author of several highly acclaimed books on financial statement analysis, high–yield debt, and financial history and is the youngest person ever inducted into the Fixed Income Analysts Society Hall of Fame.
GEORGE H. TROUGHTON, CFA, is Professor Emeritus of Finance at California State University, Chico. He is a recipient of the C. Stewart Sheppard Award for the advancement of education in the investment profession as well as the Donald L. Tuttle Award for CFA Grading Excellence.
In the Second Edition of Corporate Finance, financial experts Michelle R. Clayman, Martin S. Fridson, and George H. Troughton outline the essential tools and concepts of corporate finance that today′s companies need to embrace to enable rapid and sustainable growth not just to survive, but to thrive.
Now, in Corporate Finance Workbook, Second Edition, they offer you a wealth of practical information and exercises that will solidify your understanding of the best practices, tools, and strategies employed in modern corporate financial management. This essential study guide which parallels the main book chapter by chapter contains challenging problems and a complete set of solutions as well as concise learning outcome statements and summary overviews.
If you want to make the most of your time in fixed income, the lessons within this workbook can show you how. Topics reviewed include: