Corporate Finance

9th Edition
1260881377 · 9781260881370
Emphasizing modern fundamentals of the theory of finance, Corporate Finance, Ninth Canadian Edition, presents corporate finance as the collaboration of a small number of integrated and powerful institutions. Ross develops the central concepts of mode… Read More
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Colour, print bound version of the complete text

PART ONE Overview
1. Introduction to Corporate Finance
Appendix 1A Taxes
Appendix 1B Finance Professional Careers (Available on Connect)
2. Accounting Statements and Cash Flow
Appendix 2A Financial Statement Analysis
Appendix 2B Statement of Cash Flows
3. Financial Planning and Growth

PART TWO Value and Capital Budgeting
4. Financial Markets and Net Present Value: First Principles of Finance
5. The Time Value of Money
Appendix 5A Using Financial Calculators (Available on Connect)
6. How to Value Bonds and Stocks
Appendix 6A The Term Structure of Interest Rates
7. Net Present Value and Other Investment Rules
8. Net Present Value and Capital Budgeting
Appendix 8A Capital Cost Allowance
Appendix 8B Derivation of the Present Value of the Capital Cost Allowance Tax Shield Formula
9. Risk Analysis, Real Options, and Capital Budgeting


PART THREE Risk
10. Risk and Return: Lessons From Market History
Appendix 10A The U.S. Equity Risk Premium:
Historical and International Perspectives (Available on Connect)
11. Risk and Return: The Capital Asset Pricing Model
Appendix 11A Is Beta Dead? (Available on Connect)
12. An Alternative View of Risk and Return: The Arbitrage Pricing Theory
13. Risk, Return, and Capital Budgeting
Appendix 13A Economic Value Added and the Measurement of Financial Performance


PART FOUR Capital Structure and Dividend Policy
14. Corporate Financing Decisions and Efficient Capital Markets
15. Long-Term Financing: An Introduction
16. Capital Structure: Basic Concepts
17. Capital Structure: Limits to the Use of Debt
Appendix 17A Some Useful Formulas of Financial Structure (Available on Connect)
Appendix 17B The Miller Model and the Graduated Income Tax (Available on Connect)
18. Valuation and Capital Budgeting for the Levered Firm
Appendix 18A The Adjusted Present Value Approach to Valuing Leveraged Buyouts (Available on Connect)
19. Dividends and Other Payouts


PART FIVE Long-Term Financing

20. Issuing Equity Securities to the Public
21. Long-Term Debt
22. Leasing
Appendix 22A Adjusted Present Value Approach to Leasing (Available on Connect)


PART SIX Options, Futures, and Corporate Finance
23. Options and Corporate Finance: Basic Concepts
24. Options and Corporate Finance: Extensions and Applications
25. Warrants and Convertibles
26. Derivatives and Hedging Risk


PART SEVEN Financial Planning and Short-Term Finance
27. Short-Term Finance and Planning
28. Cash Management
29. Credit Management
Appendix 29A Inventory Management (Available on Connect)


PART EIGHT Special Topics
30. Mergers and Acquisitions
31. Financial Distress
Appendix 31A Predicting Corporate Bankruptcy: The Z-Score Model (Available on Connect)
32. International Corporate Finance
Appendix A: Mathematical Tables (Available on Connect)
Appendix B: Answers to Selected End-of-Chapter Problems (Available on Connect)

Emphasizing modern fundamentals of the theory of finance, Corporate Finance, Ninth Canadian Edition, presents corporate finance as the collaboration of a small number of integrated and powerful institutions. Ross develops the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and uses them to explain corporate finance with a balance of theory and application.

The Ninth Canadian Edition has been thoroughly updated to include current examples, mini-cases and problem material that will help students understand and apply the material.

Meeting you and your students where you are.

Using a personalized approach to teaching and learning, Connect is powered by adaptive technologies so your students learn more efficiently, retain more and achieve better outcomes and you can provide the engagement and expertise for more 'aha' moments.

Executive summaries have been updated.

Minicases have been reviewed and replaced where necessary to ensure that each is related to the material covered in the corresponding chapter

Practice problems have been updated and new ones have been added.

Tables, figures, and examples have been updated throughout the text.

New and recent Canadian examples have been added.

Concept questions have been updated and new ones have been added.

End-of-chapter material has been substantially updated and refreshed.

New highlighted concepts have been added.

The discussion on taxes in Chapter 1 has been updated.

The discussion on capital cost allowance in Chapter 8 has been updated.

Capital market data have been updated through 2019 in Chapter 10.

MARKET LEADERSHIP. Ross, Corporate Finance leads the market in Canada due to trusted content, wealth of end-of-chapter problem material, and innovative Connect technology.

CURRENCY. Corporate Finance includes up-to-date discussions of the credit crisis, new research and examples of real-world challenges as they relate to the financial changes that have impacted the world.

REAL WORLD RELEVANCE. Each chapter begins with an Executive Summary featuring real company examples. In addition, the In Their Own Words boxes consisting of articles written by distinguished scholars or practitioners on key topics, are located throughout the chapters.

WEALTH OF PROBLEM MATERIAL. Corporate Finance offers rich examples and a wealth of problem material that challenges and engages students helping them to develop problem solving skills.

MINI-CASES. Located in most chapters, the Minicases apply what is learned in a number of chapters to a real-world scenario. After presenting the facts, the case gives students guidance in rationalizing a sound business decision.

STEP-BY-STEP EXAMPLES. Separate called-out examples are integrated throughout the chapters. Each example illustrates an intuitive or mathematical application in a step-by-step format. There is enough detail in the explanations that students don’t have to look elsewhere for additional information.