Part 1: Value -- Introduction to corporate finance -- How to calculate present values -- Valuing bonds -- The value of common stocks -- Net present value and other investment criteria -- Making investment decisions with the net present value rule -- Part 2: Risk -- Introduction to risk and return -- Portfolio theory and the capital asset pricing model -- Risk and the cost of capital -- Part 3: Best practices in capital budgeting -- Project analysis -- Investment, strategy, and economic rents -- Agency problems, compensation, and performance measurement -- Part 4: Financing decisions and market efficiency -- Efficient markets and behavioral finance -- An overview of corporate financing -- How corporations issue securities -- Part 5: Payout policy and capital structure -- Payout policy -- Does debt policy matter? -- How much should a corporation borrow? -- Financing and valuation -- Part 6: Options -- Understanding options -- Valuing options -- Real options -- Part 7: Debt financing -- Credit risk and the value of corporate debt -- The many different kinds of debt -- Leasing -- Part 8: Risk management -- Managing risk -- Managing international risks -- Part 9: Financial planning and working capital management -- Financial analysis -- Financial planning -- Working capital management -- Part 10: Mergers, corporate control, and governance -- Mergers -- Corporate restructuring -- Governance and corporate control around the world -- Part 11: Conclusion: what we do and do not know about finance