Principles of Corporate Finance_ 12th Edition

I-22 Index

bre44380_idx_I1-I24 22 09/30/15 01:56 PM

Yankee bonds, 629

Yasuda, A., 400, 854n

Yellen, Janet, 309

Yermack, D., 563n

Yeung, B., 885

Yield

convenience, 283n, 684–685, 685

on corporate debt, 66–67, 597–602

current, 48

dividend, 78, 85, 168–169

on money-market investments, 800–801

Yield curve, 56

Yield spread, 66–67, 599–602

Yield to maturity

bond valuation, 48

default risk and, 604–607

defined, 48

Yoshimori, M., 876n

Yuan, K., 891n

Yu, Jialin, 564n

Yun, H., 641n

Z

Zeckhauser, R., 320, 320n

Zender, J. F., 478n, 482 n

Zero-coupon bonds, 56–57, 62,

605–606, 620n

Zero-maintenance hedging, 692–693

Zero-stage financing, 379–380

Zero-sum game, 673–674

Z F, 813

Zheng, L., 891n

Zhengzhou Commodity Exchange, 681

Zhu, N., 865

Zhu, Q., 891n

Ziemba, W. T., 339, 339n, 892 n

Zietlow, J., 806

Zingales, Luigi, 10n, 376, 471, 471n, 481–482,

871, 871n, 880, 880n, 881 n, 885

Zitzewitz, E., 347n

Z-scores, 610n

Zuckerman, G., 11n

Working capital. See also Working capital

management

in applying net present value rule, 134–135

cash budgeting, 767–769

cash flows and, 764–765

characteristics of, 767–769

defined, 134–135, 787

in estimating cash flows, 134–135

investing in, 355–356

investments in, 134–135, 141–142

short-term borrowing sources, 769–772

Working capital management, 787–806. See

also Working capital

cash conversion cycle, 796–799

cash management, 796–799

credit management, 790–796

inventory management, 788–790

marketable security management,

800–805

operating cycle, 765

working capital, defined, 787

Workouts, 861

World Bank, 650, 724

WorldCom, 66, 385, 858, 882

Wright, Orville, 294

Wruck, E. G., 321

Wruck, K. H., 470n, 847 n, 860 n, 865

Wulf, J., 303n

WuLiangYe Corporation, 564

Wurgler, J., 342n, 350, 421n, 482 n

X

Xerox, 851

Xinrong Best Medical Instrument Co., 855

Xiong, Wei, 564n

Xstrata, 813

Y

Yago, G., 454

Ya h o o!, 339

Yahoo! Finance, 77–78, 78n, 221

defined, 224–225
final word, 452
flow-to-equity valuation method versus,
500–501
industry costs of capital, 503
in practice, 501–507, 512–514
in project valuation, 493–494
questions concerning, 512–514
review of assumptions for, 495
Weiss, Lawrence A., 470, 470n, 858 n,
860 n,  865
Welch, I., 865, 896n
Well-known seasoned issuer (WKSI),
394, 394n
Wensley, R., 295
Wermers, R., 335n, 888 n
Werner, I., 861n
Western Electric, 848
West Japan Railway Company, 851
West, L. G., 375
Weston, J. F., 726, 838
WGL Holdings Inc., 87
Whaley, R. E., 565n
WhatsApp, 813
Whited, T. M., 849n
White, H., 335n, 888 n
White, M. J., 858n
Wilhelm, W. J., Jr., 401
Williams Act of 1968, 831, 832n, 836
Williams, J. B., 85n, 416 n, 438 n
Williamson, O., 817n
Williamson, R., 761n, 762, 762n, 806
Wilmott, P., 567
Wilshire 5000 Index, 334
Wingfield, N., 428n
Winner’s curse, 390, 390n, 394 n
Wizman, Thierry, 627, 627n
WobbleWork s, 382
Wolfers, J., 347n
Wolfson, M. A., 412n
Womack, K. L., 385n
Woolley, S., 295
Woolridge, J. R., 849n

Weighted-average cost of capital (WACC)—Cont.