Principles of Corporate Finance_ 12th Edition

12 bre44380_ch01_001-018.indd 12 09/02/15 03:41 PM avoidance by U.S. technology firms reported that Apple had used a “highly que ...

Chapter 1 Introduction to Corporate Finance 13 bre44380_ch01_001-018.indd 13 09/02/15 03:41 PM managers, standards for accountin ...

14 Part One Value bre44380_ch01_001-018.indd 14 09/02/15 03:41 PM Corporations face two principal financial decisions. First, wh ...

Chapter 1 Introduction to Corporate Finance 15 bre44380_ch01_001-018.indd 15 09/02/15 03:41 PM c. A trademark. d. A factory. e. ...

16 Part One Value bre44380_ch01_001-018.indd 16 09/02/15 03:41 PM Maximizing shareholder value Ms. Espinoza is retired and depe ...

Chapter 1 Introduction to Corporate Finance 17 bre44380_ch01_001-018.indd 17 09/02/15 03:41 PM APPENDIX ● ● ● Why Maximizing Sha ...

18 Part One Value bre44380_ch01_001-018.indd 18 09/02/15 03:41 PM Investing in Real Assets In practice individuals are not limit ...

● ● ● 19 bre44380_ch02_019-045.indd 19 09/02/15 03:42 PM Part 1 Value C ompanies invest in lots of things. Some are tangible ass ...

20 Part One Value bre44380_ch02_019-045.indd 20 09/02/15 03:42 PM Suppose you invest $100 in a bank account that pays interest o ...

Chapter 2 How to Calculate Present Values 21 bre44380_ch02_019-045.indd 21 09/02/15 03:42 PM produce $114.49 at the end of the s ...

22 Part One Value bre44380_ch02_019-045.indd 22 09/02/15 03:42 PM ◗ FIGURE 2.2 Present value of a future cash flow of $100. Noti ...

Chapter 2 How to Calculate Present Values 23 bre44380_ch02_019-045.indd 23 09/02/15 03:42 PM return a surefire $800,000, then yo ...

24 Part One Value bre44380_ch02_019-045.indd 24 09/02/15 03:42 PM they would not buy your building for that amount. You would ha ...

Chapter 2 How to Calculate Present Values 25 bre44380_ch02_019-045.indd 25 09/02/15 03:42 PM EXAMPLE 2.1^ ●^ Present Values with ...

26 Part One Value bre44380_ch02_019-045.indd 26 09/02/15 03:42 PM It looks as if you should take your adviser’s suggestion. NPV ...

Chapter 2 How to Calculate Present Values 27 bre44380_ch02_019-045.indd 27 09/02/15 03:42 PM How to Value Perpetuities Sometimes ...

28 Part One Value bre44380_ch02_019-045.indd 28 09/02/15 03:42 PM Sometimes you may need to calculate the value of a perpetuity ...

Chapter 2 How to Calculate Present Values 29 bre44380_ch02_019-045.indd 29 09/02/15 03:42 PM Row 1 The investment in the first r ...

30 Part One Value bre44380_ch02_019-045.indd 30 09/02/15 03:42 PM ◗ FIGURE 2.8 Calculations showing the year-by-year present val ...

Chapter 2 How to Calculate Present Values 31 bre44380_ch02_019-045.indd 31 09/02/15 03:42 PM Valuing Annuities Due When we used ...