Corporate finance， Pearson， 2nd edition，Berk， Jonathan and P. DeMarzo Solutions Manual.pdf

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1、ContentsChapter1TheCorporation1Chapter2IntroductiontoFinancialStatementAnalysis4Chapter3ArbitrageandFinancialDecisionMaking16Chapter4TheTimeValueofMoney26Chapter5InterestRates50Chapter6InvestmentDecisionRules69Chapter7FundamentalsofCapitalBudgeting89Chapter8Va

2、luingBonds106Chapter9ValuingStocks123Chapter10CapitalMarketsandthePricingofRisk134Chapter11OptimalPortfolioChoiceandtheCapitalAssetPricingModel148Chapter12EstimatingtheCostofCapital166Chapter13InvestorBehaviorandCapitalMarketEfficiency175Chapter14CapitalStruct

3、ureinaPerfectMarket184Chapter15DebtandTaxes193Chapter16FinancialDistress,ManagerialIncentives,andInformation202Chapter17PayoutPolicy216Chapter18CapitalBudgetingandValuationwithLeverage225Chapter19ValuationandFinancialModeling:ACaseStudy244Chapter20FinancialOpt

4、ions253Chapter21OptionValuation263Chapter22RealOptions274Chapter23RaisingEquityCapital300Chapter24DebtFinancing306Chapter25Leasing310Chapter26WorkingCapitalManagement317Chapter27Short-TermFinancialPlanning324Chapter28MergersandAcquisitions331Chapter29Corporate

5、Governance337Chapter30RiskManagement340Chapter31InternationalCorporateFinance352©2011PearsonEducation,Inc.PublishingasPrenticeHallChapter1TheCorporation1-1.Whatisthemostimportantdifferencebetweenacorporationandallotherorganizationforms?Acorporationisalegalenti

6、tyseparatefromitsowners.1-2.Whatdoesthephraselimitedliabilitymeaninacorporatecontext?Owners’liabilityislimitedtotheamounttheyinvestedinthefirm.Stockholdersarenotresponsibleforanyencumbrancesofthefirm;inparticular,theycannotberequiredtopaybackanydebtsincurredby

7、thefirm.1-3.Whichorganizationformsgivetheirownerslimitedliability?Corporationsandlimitedliabilitycompaniesgiveownerslimitedliability.Limitedpartnershipsprovidelimitedliabilityforthelimitedpartners,butnotforthegeneralpartners.1-4.Whatarethemainadvantagesanddisa

8、dvantagesoforganizingafirmasacorporation?Advantages:Limitedliability,liquidity,infinitelifeDisadvantages:Doubletaxation,separationofownershipandcontrol1-5.Explainthedifferencebetwe