{"product_id":"mastering-corporate-finance-essentials-isbn-9780470393338","title":"Mastering Corporate Finance Essentials","description":"\u003cp\u003eAn essential guide to corporate finance\u003c\/p\u003e \u003cp\u003eUnderstanding corporate finance is a necessity for financial practitioners who struggle every day to find the right balance between maximizing corporate value and reducing a firm's financial risk.\u003c\/p\u003e \u003cp\u003eDivided into two comprehensive parts, \u003ci\u003eMastering Corporate Finance Essentials\u003c\/i\u003e presents the material by example, using an extended scenario involving a new business formation. In Part One, present and future value mathematics are introduced followed by a number of applications using the tools. In Part Two, statistics as applied to finance are examined, with detailed discussions of standard deviations, correlations, and how they impact diversification.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThrough theory and real-world examples this book provides a solid grounding in corporate finance\u003c\/li\u003e \u003cli\u003eOther titles by Stuart McCrary include: \u003ci\u003eMastering Financial Accounting Essentials, How to Create and Manage a Hedge Fund,\u003c\/i\u003e and \u003ci\u003eHedge Fund Course\u003c\/i\u003e\n\u003c\/li\u003e \u003cli\u003eCovers the essential elements of this field, from traditional capital budgeting concepts and methods of valuing investment projects under uncertainty to the importance of \"real-options\" in the decision-making process\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThis reliable resource offers a hands-on approach to corporate finance that will allow you to gain a solid understanding of this discipline.\u003c\/p\u003e  Preface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Time Value of Money Toolbox.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eCash Flows.\u003c\/p\u003e \u003cp\u003eFuture Value.\u003c\/p\u003e \u003cp\u003eThe Impact of Compounding Frequency on Future Value.\u003c\/p\u003e \u003cp\u003eEquivalent Interest Rate.\u003c\/p\u003e \u003cp\u003eContinuously Compounded Interest.\u003c\/p\u003e \u003cp\u003ePresent Value.\u003c\/p\u003e \u003cp\u003eFormulas for Present Value and Future Value.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Statistics for Finance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe Meaning of Mean or Average.\u003c\/p\u003e \u003cp\u003eMedian as a Substitute for Mean.\u003c\/p\u003e \u003cp\u003eStandard Deviation Measures the Noise.\u003c\/p\u003e \u003cp\u003eAnnualizing Variance and Standard Deviation Estimates.\u003c\/p\u003e \u003cp\u003eThe Normal Curve Is a Probability Distribution.\u003c\/p\u003e \u003cp\u003eThe Cumulative Density Function.\u003c\/p\u003e \u003cp\u003eMeasures of Dependency.\u003c\/p\u003e \u003cp\u003eMeasuring Covariance and Correlation.\u003c\/p\u003e \u003cp\u003eCalculating Statistics in Practice.\u003c\/p\u003e \u003cp\u003eCombining Normal Distributions.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Core Finance Theories and the Cost of Capital.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eRisk Reduction from Diversification.\u003c\/p\u003e \u003cp\u003eSystematic versus Unsystematic Risk.\u003c\/p\u003e \u003cp\u003eThe Market Portfolio.\u003c\/p\u003e \u003cp\u003eThe Capital Asset Pricing Model.\u003c\/p\u003e \u003cp\u003eUsing Beta to Determine the Required Return for a Stock.\u003c\/p\u003e \u003cp\u003eOther Factor Models.\u003c\/p\u003e \u003cp\u003eCost of Debt.\u003c\/p\u003e \u003cp\u003eWeighted Average Cost of Capital.\u003c\/p\u003e \u003cp\u003eModigliani and Miller.\u003c\/p\u003e \u003cp\u003ePatterns of Debt and Equity in Capital Structures.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Capital Budgeting Tools.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThree Ways to Evaluate Investments.\u003c\/p\u003e \u003cp\u003eCalculating Net Present Value.\u003c\/p\u003e \u003cp\u003eNet Present Value Example.\u003c\/p\u003e \u003cp\u003eCalculating Internal Rate of Return.\u003c\/p\u003e \u003cp\u003eCalculating Years to Payback.\u003c\/p\u003e \u003cp\u003eFinancial Decision Making.\u003c\/p\u003e \u003cp\u003eThe Annuity Formula.\u003c\/p\u003e \u003cp\u003eValuing an Annuity with More Frequent Cash Flows.\u003c\/p\u003e \u003cp\u003eUsing the Present Value Formula and the Annuity Formula to Value a Bond.\u003c\/p\u003e \u003cp\u003eUsing the Annuity Formula to Value a Mortgage.\u003c\/p\u003e \u003cp\u003eNPV Using the Annuity Formula.\u003c\/p\u003e \u003cp\u003eValuing a Perpetuity.\u003c\/p\u003e \u003cp\u003eValuing a Growth Annuity.\u003c\/p\u003e \u003cp\u003eIntroduction to Uncertainty.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Techniques for Handling Uncertainty.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eUsing Scenario Analysis.\u003c\/p\u003e \u003cp\u003eUsing Monte Carlo Simulation.\u003c\/p\u003e \u003cp\u003eUniform Random Numbers.\u003c\/p\u003e \u003cp\u003eTransforming Uniform Distributions.\u003c\/p\u003e \u003cp\u003eAdding and Multiplying Two Random Numbers.\u003c\/p\u003e \u003cp\u003eUsing Random Numbers in a Budget Analysis.\u003c\/p\u003e \u003cp\u003eUsing Random Numbers in a Capital Budgeting Analysis\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Real Options Analysis of Capital Investments.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eWhy Study Options?\u003c\/p\u003e \u003cp\u003eWhat Is a Real Option?\u003c\/p\u003e \u003cp\u003eTypes of Real Options.\u003c\/p\u003e \u003cp\u003eMethods for Valuing Real Options\u003c\/p\u003e \u003cp\u003eConclusion\u003c\/p\u003e \u003cp\u003eQuestions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix: Day Counting for Interest Rate Calculations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eThe 30\/360 Method\u003c\/p\u003e \u003cp\u003eThe Actual\/Actual Method.\u003c\/p\u003e \u003cp\u003eThe Actual\/360 Method.\u003c\/p\u003e \u003cp\u003eThe Actual\/365 Method.\u003c\/p\u003e \u003cp\u003eExample and Comparison of 30\/360 and Actual\/Actual.\u003c\/p\u003e \u003cp\u003eImpact of Day Counting over Longer Intervals.\u003c\/p\u003e \u003cp\u003eCalculating Calendar Intervals over Long Periods.\u003c\/p\u003e \u003cp\u003eA Note about Continuous Compounding.\u003c\/p\u003e \u003cp\u003eConclusion.\u003c\/p\u003e \u003cp\u003eQuestions and Answers.\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSTUART A. McCRARY\u003c\/b\u003e is a Principal at Chicago Partners, a division of Navigant Consulting, Inc. He is a trader and portfolio manager who specializes in traditional and alternative investments, quantitative valuation, risk management, and financial software. Prior to joining Chicago Partners, McCrary was president of Frontier Asset Management, managing a market-neutral hedge fund. He also held positions with Fenchurch Capital Management as a senior options trader and CS First Boston as vice president and market maker of over-the-counter options. Prior to that, McCrary was a vice president with the Securities Groups and a portfolio manager with Comerica Bank. McCrary has published three previous books with Wiley: \u003ci\u003eMastering Financial Accounting Essentials, How to Create and Manage a Hedge Fund,\u003c\/i\u003e and \u003ci\u003eHedge Fund Course.\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003eIf you are a manager, a regulator, or an investor in today’s financial world, you must know how to make financial decisions and account for risk in order to make sound financial decisions and effectively serve investors, creditors, and tax authorities.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eMastering Corporate Finance Essentials \u003c\/i\u003e is directed at those who make corporate investment decisions as well as those affected by such decisions. It explains traditional ways that business opportunities are evaluated. The text also introduces new methods borrowed from the derivatives securities markets to account for risk and to structure business decisions to avoid some risks and take advantage of opportunities. \u003c\/p\u003e\u003cp\u003eEach chapter builds on material learned in previous chapters. Chapter One is designed to allow you to quickly learn present value techniques, while Chapter Two reviews the statistics used in corporate finance. Chapter Three summarizes several important theories that provide a basis for assessing risk and determining what rate to use in valuing cash flows with the tools presented in Chapter One. In Chapter Four, the author synthesizes material from each earlier chapter to show how to value more complex projects and make related investment decisions. Chapter Five introduces additional tools to evaluate risk and handle the uncertainty of forecasted cash flows. Finally, Chapter 6 extends traditional financial tools to value risk and opportunities with real option analysis. \u003c\/p\u003e\u003cp\u003eThroughout the book, difficult topics are explained in clear and simple language. Numerous examples assist you in understanding the material by demonstrating how to perform each analysis. The text also offers advice on how to build financial models within Excel. And although the book is intended to cover just the essentials, numerous stand-alone insets dig into deeper issues and may present more quantitative topics. Whatever your current level of expertise, \u003ci\u003eMastering Corporate Finance Essentials \u003c\/i\u003e is an ideal reference to round out your understanding of business financial results.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989580726501,"sku":"NP9780470393338","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470393338.jpg?v=1761784682","url":"https:\/\/k12savings.com\/products\/mastering-corporate-finance-essentials-isbn-9780470393338","provider":"K12savings","version":"1.0","type":"link"}