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1、AFirstCourseinCorporateFinancePreview,Monday9thOctober,2006116175494417370260WedOct2501:46:382006AFirstCourseinCorporateFinance©2003–2006byIvoWelch.Allrightsreserved.CartoonsarecopyrightandcourtesyofMikeBaldwin.Seehttp://www.cornered.com/.ISBN:nonumberyet.LibraryofCongres
2、s:nonumberyet.BookWebsite:http://welch.econ.brown.edu/book/TypesettingSystem:pdflatex.CoverFontY&YLucidaCasual13-38pt.MainBodyFontY&YLucida10pt.OtherFontsY&YLucidavariationsSeehttp://www.tug.org/yandy/MostgraphicswerecreatedinR,open-sourceandfree:www.r-project.org.Fontswer
3、eembeddedusingAFPLghostscriptandGlyphSoftware’sxpdf.ThereferencedspreadsheetsareExcel(Microsoft)andOpenOffice(free).Printed:Monday9thOctober,2006(frombookc.tex).Warning:Thisbookisindevelopment.Itisnoterror-free.116175494417370260WedOct2501:46:382006AFirstCourseinCorporateFi
4、nancePreview,Monday9thOctober,2006IvoWelchProfessorofFinanceandEconomicsBrownUniversity116175494417370260WedOct2501:46:382006Farandaway,themostimportantcontributortothisbookwasMary-ClareMcEwing.Aseditor,shehelpedmeimprovethesubstanceofthebooktremendously.Therearealsoalarg
5、enumberofotherindividualswhohavehelpedmewiththisbook.AmongthemwereRickAntle,DonnaBattista,RandolphBeatty,WolfgangBühler,KangbinChua,DiegoGarcia,StanGarstka,RogerIbbotson,LudovicPhalippou,MatthewSpiegel,JohnStrong,JulieYufe,andmanyanonymous(victim)studentswhohadtouseearlie
6、rerror-riddendrafts.Thereviewersofearlierdraftsofthebookspentanenormousamountoftimeandprovidedmewithmanygreatideas.Iowethemmydeepgratitudefortheirengagement:TonyBernardoMarkKlockTimSullivanJamesGattiThomasChemmanurAngelineLavinChrisStiversSimonGervaisBillChristieJosephMcC
7、arthyMarkStohsTomGeurtzJenniferConradJamesNelsonJohnStrongRobertHansenJoshCovalMichaelPaganoMichaelTroegeMiltHarrisAmyDittmarMitchPetersenJoelVandenRonaldHoffmeisterRichardFendlerSarahPeckJaimeZenderKurtJesswinDiegoGarciaRobertRitcheyMiranda(Mei)ZhangDarrenKisgenSharonGarr
8、isonBruceRubinAlistofarticlesuponwhichtheideasinthebookarebased,andalistofarticlesthatdescribecu