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The teaching and the practicing of corporate finance are more challenging and exciting than ever before. The last decade has seen fundamental changes in financial markets and financial instruments. In the early years of the 21st century, we still see announcements in the financial press about such matters as takeovers, junk bonds, financial restructuring, initial public offerings, bankruptcy, and derivatives. In addition, there is the new recognition of “real” options (Chapters 21 and 22), private equity and venture capital (Chapter 19), and the disappearing dividend (Chapter 18). The world’s financial markets are more integrated than ever before. Both the theory and practice of corporate finance have been. | r.-ìl k Ụ 93UEUỊ4 a EJOdlOQ Corporate Fiance Volume 1 David Whitehurst UMIST McGraw-Hill Irwin A Division of The McGraw-Hill Companies McGraw-Hill Primis ISBN 0-390-32000-5 Text Corporate Finance Sixth Edition Ross-Westerfield-Jaffe This book was printed on recycled paper. nance ttp www.mhhe.com primis online Ipyright 2003 by The McGraw-Hill Companies Inc. All rights served. Printed in the United States of America. Except as rmitted under the United States Copyright Act of 1976 no part this publication may be reproduced or distributed in any form by any means or stored in a database or retrieval system thout prior written permission of the publisher. is McGraw-Hill Primis text may include materials submitted to cGraw-Hill for publication by the instructor of this course. The tructor is solely responsible for the editorial content of such aterials. 1 FINA ISBN .
