Richard Brealey - ISE EBook Online Access for Principles of Corporate Finance

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Block, Hirt, and Danielsen

Foundations of Financial Management

Seventeenth Edition

Brealey, Myers, and Allen

Principles of Corporate Finance

Thirteenth Edition

Brealey, Myers, and Allen

Principles of Corporate Finance, Concise

Second Edition

Brealey, Myers, and Marcus

Fundamentals of Corporate Finance

Ninth Edition

Brooks

FinGame Online 5.0

Bruner

Case Studies in Finance: Managing for Corporate Value Creation

Eighth Edition

Cornett, Adair, and Nofsinger

Finance: Applications and Theory

Fourth Edition

Cornett, Adair, and Nofsinger

M: Finance

Fourth Edition

DeMello

Cases in Finance

Second Edition

Grinblatt (editor)

Stephen A. Ross, Mentor: Influence through Generations

Grinblatt and Titman

Financial Markets and Corporate Strategy

Second Edition

Higgins

Analysis for Financial Management

Twelfth Edition

Ross, Westerfield, Jaffe, and Jordan

Corporate Finance

Twelfth Edition

Ross, Westerfield, Jaffe, and Jordan

Corporate Finance: Core Principles and Applications

Fifth Edition

Ross, Westerfield, and Jordan

Essentials of Corporate Finance

Ninth Edition

Ross, Westerfield, and Jordan

Fundamentals of Corporate Finance

Twelfth Edition

Shefrin

Behavioral Corporate Finance: Decisions that Create Value

Second Edition

Bodie, Kane, and Marcus

Essentials of Investments

Eleventh Edition

Bodie, Kane, and Marcus

Investments

Eleventh Edition

Hirt and Block

Fundamentals of Investment Management

Tenth Edition

Jordan and Miller

Fundamentals of Investments: Valuation and Management

Eighth Edition

Stewart, Piros, and Heisler

Running Money: Professional Portfolio Management

Sundaram and Das

Derivatives: Principles and Practice

Second Edition

Rose and Hudgins

Bank Management and Financial Services

Tenth Edition

Rose and Marquis

Financial Institutions and Markets

Eleventh Edition

Saunders and Cornett

Financial Institutions Management: A Risk Management Approach

Ninth Edition

Saunders and Cornett

Financial Markets and Institutions

Seventh Edition

Eun and Resnick

International Financial Management

Eighth Edition

Brueggeman and Fisher

Real Estate Finance and Investments

Sixteenth Edition

Ling and Archer

Real Estate Principles: A Value Approach

Fifth Edition

Allen, Melone, Rosenbloom, and Mahoney

Retirement Plans: 401(k)s, IRAs, and Other Deferred Compensation Approaches

Twelfth Edition

Altfest

Personal Financial Planning

Second Edition

Kapoor, Dlabay, and Hughes

Focus on Personal Finance: An Active Approach to Help You Develop Successful Financial Skills

Sixth Edition

Kapoor, Dlabay, and Hughes

Personal Finance

Twelfth Edition

Walker and Walker

Personal Finance: Building Your Future

Second Edition

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PRINCIPLES OF CORPORATE FINANCE

Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright 2020 by McGraw-Hill Education. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of McGraw-Hill Education, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning.

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ISBN 978-1-260-56555-3

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To our parents.

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Richard A. Brealey

Professor of Finance at the London Business School. He is the former president of the European Finance Association and a former director of the American Finance Association. He is a fellow of the British Academy and has served as a special adviser to the Governor of the Bank of England and director of a number of financial institutions. Books written by Professor Brealey include Introduction to Risk and Return from Common Stocks.

Stewart C. Myers

Professor of Financial Economics at MITs Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value, rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions.