Book Description

Designed for use in the Corporate Finance class, increasingly important in any skills-based curriculum, Corporate Finance, Third Edition features a strong coverage of M&A, bankruptcy, finance, and valuation. The valuation unit covers math from a lawyer’s perspective, focusing on the intuitions behind the valuation techniques in a way that will facilitate interaction with bankers and accountants in practice. Basic Excel skills are taught along the way. New to the Third Edition: Updated coverage of the effects of COVID-19 on finance New chapters on swaps and CLOs A new case study (iHeartMedia, Inc.) is integrated in the book from beginning to end New and improved layout with chapter summaries and highlighting of key concepts Professors and students will benefit from: Practical, transactional approach to corporate finance Organization around four basic units: valuation, finance, mergers and acquisitions, and financial distress A focus on the quantitative tools on motivating and understanding the business and concepts Extensive references to deal documents throughout to establish a theme of the actual transactions to compare to the lines of cases describing how deals go bad Extensive teaching materials, including Excel spreadsheets and a full set of PowerPoint slides