Finance and the financial manager, 3. -- Present value and the opportunity cost of capital, 15. -- How to calculate present values, 35. -- The value of common stocks, 61. -- Why net present value leads to better investment decisions than other criteria, 93. -- Making investment decisions with the net present value rule, 121. -- Introduction to risk, return, and the opportunity cost of capital, 153. -- Risk and return, 187. -- Capital budgeting and risk, 221. -- A projects is not a black box, 259. -- Where positive net present values come from, 291. -- Making sure managers maximize NPV, 315. -- Corporate financing and the six lessons of market efficiency, 351. -- An overview of corporate financing, 383. -- How corporations issue securities, 405. -- The dividend controversy, 439. -- Does debt policy matter?, 473. -- How much should a firm borrow?, 499. -- Financing and valuation, 541. -- Spotting and valuing options, 583. -- Real options, 619. -- Warrants and convertibles, 645. -- Valuing debt, 669. -- The many different kind of debt, 709. -- Leasing, 735. -- Managing risk, 760. -- Managing international risks, 790. -- Financial analysis and planning, 820. -- Short-term financial planning, 855. -- Credit management, 879. -- Cash management, 899. -- Short-term lending and borrowing, 917. -- Mergers, 940. -- Control, governance, and financial architecture, 976. -- Conclusion : What we do and do not know about finance, 1006.