Introduction To Corporate Finance 5th Booth Test Bank

Test Bank and Instructor Solution Manual

Introduction to Corporate Finance, 5th Canadian Edition Booth, Cleary, Rakita

2020 Test Bank and Instructor Solution Manual

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Publisher: Wiley; 5th Canadian ed. edition (18 February 2020)
Language: English
ISBN-10: 1119561582
ISBN-13: 978-1119561583

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Introduction to Corporate Finance, 5th Edition

Laurence Booth, W. Sean Cleary, Ian Rakita

ISBN: 978-1-119-56162-0 March 2020 960 Pages

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The fifth edition of Introduction to Corporate Finance is a student friendly and engaging course that provides the most thorough, accessible, accurate, and current coverage of the theory and application of corporate finance within a uniquely Canadian context. Introduction to Corporate Finance will provide students with the skills they need to succeed not only in the course, but in their future careers.

Part 1 The Financial Environment
1 An Introduction to Finance 1-1
1.1 Finance Defined 1-1
1.2 Real versus Financial Assets 1-2
1.3 The Financial System 1-6
1.4 Financial Instruments and Markets 1-14
1.5 The Global Financial Community 1-18
Summary 1-20
2 Business (Corporate) Finance 2-1
2.1 Types of Business Organizations 2-1
2.2 The Goals of the Corporation 2-6
2.3 The Role of Management and Agency Issues 2-8
2.4 Aligning Managers’ and Owners’ Interest 2-10
2.5 Corporate Finance 2-15
2.6 Finance Careers and the Organization of the Summary 2-19
Part 2 Financial Analysis Tools
3 Financial Statements 3-1
3.1 Accounting Principles 3-1
3.2 Organizing a Firm’s Transactions 3-6
3.3 Preparing Accounting Statements 3-10
3.4 Canadian Pacific Accounting Statements 3-17
Summary 3-32
4 Financial Statement Analysis and Forecasting 4-1

4.1 Consistent Financial Analysis 4-1
4.2 A Framework for Financial Analysis 4-2
4.3 Leverage Ratios 4-6
4.4 Efficiency Ratios 4-9
4.5 Productivity Ratios 4-12
4.6 Liquidity Ratios 4-14
4.7 Valuation Ratios 4-17
4.8 Financial Forecasting 4-20
4.9 Formula Forecasting 4-27
4.10 CP’s External Financing Requirements 4-30
Summary 4-33
Part 3 Valuation Basics
5 Time Value of Money 5-1
5.1 Opportunity Cost 5-1
5.2 Simple Interest 5-2
5.3 Compound Interest 5-4
5.4 Annuities and Perpetuities 5-12
5.5 Growing Perpetuities and Annuities 5-19
5.6 Quoted versus Effective Rates 5-20
5.7 Loan or Mortgage Arrangements 5-24
5.8 Comprehensive Examples 5-29
6 Bond Valuation and Interest Rates 6-1
6.1 The Basic Structure of Bonds 6-2
6.2 Bond Valuation 6-4
6.3 Bond Yields 6-14
6.4 Interest Rate Determinants 6-17
6.5 Other Types of Bonds/Debt Instruments 6-26
Summary 6-33
7 Equity Valuation 7-1
7.1 Equity Securities 7-1
7.2 Preferred Share Valuation 7-3
7.3 Common Share Valuation: The Dividend Discount Model (DDM) 7-5
7.4 Using Multiples to Value Shares 7-16
7.5 A Simple Valuation Example 7-20
Summary 7-28
Part 4 Portfolio and Capital Market Theory
8 Risk, Return, and Portfolio Theory 8-1
8.1 Measuring Returns 8-1
8.2 Types of Average Returns 8-5
8.3 Measuring Risk 8-8
8.4 Expected Return and Risk for Portfolios 8-12
8.5 The Efficient Frontier 8-22
8.6 Diversification 8-25
Summary 8-34
9 The Capital Asset Pricing Model (CAPM) 9-1
9.1 The New Efficient Frontier 9-1
9.2 The Capital Asset Pricing Model (CAPM) 9-8
9.3 The CAPM and Market Risk 9-12
9.4 Alternative Asset Pricing Models 9-20
Summary 9-24
10 Market Efficiency 10-1
10.1 Defining Market Efficiency 10-1
10.2 The Efficient Market Hypothesis (EMH) 10-5
10.3 Empirical Evidence Regarding Market Efficiency 10-6
10.4 Behavioural Finance 10-16
10.5 Implications of Market Efficiency 10-22
Summary 10-24
Part 5 Derivative Securities
11 Forwards, Futures, and Swaps 11-1
11.1 Forward Contracts 11-1
11.2 Futures Contracts 11-10
11.3 Swaps 11-18
11.4 The Financial Crisis and the Credit Default Swap Market 11-24
Summary 11-31
12 Options 12-1
12.1 Call Options 12-1
12.2 Put Options 12-9
12.3 Put-Call Parity 12-12
12.4 The Black-Scholes Option Pricing Model 12-20
12.5 Options Markets 12-24
Summary 12-30
Part 6 Long-Term Investment Decisions
13 Capital Budgeting, Risk Considerations, and Other Special Issues 13-1
13.1 Capital Expenditures 13-1
13.2 Evaluating Investment Alternatives 13-6
13.3 Independent and Interdependent Projects 13-17
13.4 Capital Rationing 13-21
13.5 International Considerations 13-24
Summary 13-28
14 Cash Flow Estimation and Capital Budgeting Decisions 14-1
14.1 General Guidelines for Capital Expenditure Analysis 14-1
14.2 Estimating and Discounting Cash Flows 14-3
14.3 Replacement Decisions 14-17
14.4 Sensitivity to Inputs 14-19
14.5 Inflation and Capital Budgeting Decisions 14-24
Summary 14-27
15 Mergers and Acquisitions 15-1
15.1 Types of Takeovers 15-1
15.2 Securities Legislation and Takeovers 15-4
15.3 Friendly versus Hostile Takeovers 15-7
15.4 Motivations for Mergers and Acquisitions 15-12
15.5 Valuation Issues 15-20
15.6 Accounting for Acquisitions 15-32
Summary 15-34
16 Leasing 16-1
16.1 Leasing Arrangements 16-1
16.2 Accounting for Leases 16-5
16.3 Evaluating the Lease Decision 16-12
16.4 Motivation for Leasing 16-15
Summary 16-16
Part 7 Long-Term Financing
17 Investment Banking and Securities Law 17-1
17.1 Conflicts Between Issuers and Investors 17-2
17.2 Securities Legislation—Basic Responsibilities 17-9
17.3 Security Offerings 17-11
17.4 IPOs and Investment Banking 17-15
17.5 Post-IPO Regulation and Seasoned Offerings 17-22
Summary 17-25
18 Debt Instruments 18-1
18.1 What is Debt? 18-1
18.2 Short-Term Debt and the Money Market 18-4
18.3 Bank Financing 18-10
18.4 Long-Term Debt and the Money Market 18-13
18.5 Bond Ratings 18-16
Summary 18-23
19 Equity and Hybrid Instruments 19-1
19.1 Shareholder Rights 19-2
19.2 Different Classes of Shares 19-5
19.3 Preferred Shares 19-10
19.4 Warrants and Convertible Securities 19-14
19.5 Other Hybrids 19-21
Summary 19-27
20 Cost of Capital 20-1
20.1 Financing Sources 20-2
20.2 The Cost of Capital 20-7
20.3 Estimating the Non-Equity Component Costs 20-11
20.4 The Effects of Operating and Financial Leverage 20-16
20.5 Growth Models and the Cost of Common Equity 20-18
20.6 Risk-Based Models and the Cost of Common Equity 20-28
20.7 The Cost of Capital and Investment 20-35
Summary 20-37
Part 8 Financial Policies
21 Capital Structure Decisions 21-1
21.1 Financial Leverage 21-1
21.2 Determining Capital Structure 21-10
21.3 The Modigliani and Miller (M&M) Irrelevance Theorem 21-14
21.4 The Impact of Taxes on Capital Structure 21-20
21.5 Financial Distress, Bankruptcy, and Agency Costs 21-24
21.6 Other Factors Affecting Capital Structure 21-30
21.7 Capital Structure in Practice 21-31
Summary 21-35
22 Dividend Policy 22-1
22.1 Forms of Dividend Payments 22-1
22.2 Historical Dividend Data 22-6
22.3 Modigliani and Miller’s Dividend Irrelevance Theorem 22-10
22.4 The “Bird in the Hand” Argument 22-14
22.5 Dividend Policy in Practice 22-17
22.6 Relaxing the M&M Assumptions: Welcome to the Real World! 22-19
22.7 Share Repurchases 22-24
Summary 22-27
Part 9 Working Capital Management
23 Working Capital Management: General Issues 23-1
23.1 The Importance of Working Capital Management 23-1
23.2 An Integrated Approach to Net Working Capital (NWC) Management 23-3
23.3 Analyzing Cash Inflows and Outflows 23-9
23.4 Working Capital Management in Practice 23-14
Summary 23-20
24 Working Capital Management: Current Assets and Current Liabilities 24-1
24.1 Cash and Marketable Securities 24-1
24.2 Accounts Receivable 24-6
24.3 Inventory 24-13
24.4 Short-Term Financing Considerations 24-14
Summary 24-21
Appendix 1 A-1
Index I-1

NEW TO THIS EDITION

Updates to Ch 3 and 14 (new sections and examples) for the changes to the CCA rules.
Coverage of topical issues like carbon tax (Ch 2).
Inclusion of new examples like Boeing shares (Ch 12).
Finance in the News boxes have been updated and reflect current, topical issues.
Over 70 new problems added to the end of chapter material.
Lessons to be Learned boxes have been updated as needed.
End of chapter material updated to reflect content changes and changes to years/dates.

FEATURES

Finance in the News boxes have been updated and reflect current, topical issues.
Over 70 new problems added to the end of chapter material.
Lessons to be Learned boxes have been updated as needed.
End of chapter material updated to reflect content changes and changes to years/dates.
Concept Review Questions: At the end of each major section, questions are provided to help students check their understanding before moving on.
Ethics and Corporate Governance: Found in various parts of the text, this feature discusses how issues of ethics and corporate governance affect corporations today. These features include questions to help launch in-class analysis and discussion.
Financial Calculator Keystrokes: All relevant demonstration problems include actual keystrokes for the TI BA II Plus calculator.

Note:

Introduction to Corporate Finance 5th Booth Test Bank

Test Bank and Instructor Solution Manual

Introduction to Corporate Finance, 5th Canadian Edition Booth, Cleary, Rakita

2020 Test Bank and Instructor Solution Manual

Product details

To request/Order it .. Please contact us via e-mail

[email protected]

OR

you can use form contact by this link :

https://buy-testbank.com/contact-us/

OR

contact/chat us Via Whatsapp

https://wa.me/15873196042

Introduction to Corporate Finance, 5th Edition

IMPORTANT **

You will receive a response from us, just by this email ..

[email protected]

or

[email protected]

any other email address , it is not us.

About the Book .. :

DESCRIPTION

TABLE OF CONTENTS

NEW TO THIS EDITION

FEATURES

All solutions manual and Test Banks be in soft copy [Adobe Acrobat Reader (PDF )or Word format .Docx]

Best wishes,
Student Saver Team ,
================

By Student-Saver

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Test Bank and Instructor Solution Manual

Introduction to Corporate Finance, 5th Canadian Edition Booth, Cleary, Rakita

2020 Test Bank and Instructor Solution Manual

Product details

To request/Order it .. Please contact us via e-mail

[email protected]

OR

you can use form contact by this link :

https://buy-testbank.com/contact-us/

OR

contact/chat us Via Whatsapp

https://wa.me/15873196042

Introduction to Corporate Finance, 5th Edition

IMPORTANT **

You will receive a response from us, just by this email ..

[email protected]

or

[email protected]

any other email address , it is not us.

About the Book .. :

DESCRIPTION

TABLE OF CONTENTS

NEW TO THIS EDITION

FEATURES

All solutions manual and Test Banks be in soft copy [Adobe Acrobat Reader (PDF )or Word format .Docx]

Best wishes, Student Saver Team , ================

By Student-Saver

Leave a Reply Cancel reply

Best wishes,
Student Saver Team ,
================