Fundamentals of Corporate Finance

Abstract

This fourth Canadian edition is the first fully digital version of Fundamentals of Corporate Finance. Instructors and students will find that, although the medium has changed, the content is fully consistent with prior editions. Fundamentals of Corporate Finance presents finance as one unified whole based on two simple, powerful ideas: (1) valuation drives decision making—the firm should take projects for which the value of the benefits exceeds the value of the costs—and(2) in a competitive market, market prices (rather than individual preferences)determine values.