文档介绍：A First Course in
Corporate Finance
Preview, Sunday 5th February, 2006
A First Course in Corporate Finance
© 2003–2006 by Ivo Welch. All rights reserved.
Cartoons are copyright and courtesy of Mike Baldwin. See /.
ISBN: no number yet.
Library of Congress: no number yet.
Book Website:
Typesetting System: pdflatex.
Cover Font Y&Y Lucida Casual 13-38pt.
Main Body Font Y&Y Lucida 10pt.
Other Fonts Y&Y Lucida variations
See dy/
Most graphics were created in R, open-source and free: .org. Fonts were embedded using AFPL
ghostscript and Glyph Software’s xpdf.
The referenced spreadsheets are Excel (Microsoft) and OpenOffice (free).
Printed: Sunday 5th February, 2006 (from ).
Warning: This book is in development.
It is not error-free.
A First Course in
Corporate Finance
Preview, Sunday 5th February, 2006
Ivo Welch
Professor of Finance and Economics
Yale University
There are a large number of individuals who have helped me with this book. They will eventually be thanked here.
Until then, some random collection: Rick Antle. Donna Battista. Randolph Beatty. Wolfgang Bühler. Kangbin Chua.
Diego Garcia. Stan Garstka. Roger Ibbotson. Ludovic Phalippou. Matthew Spiegel. John Strong. Julie Yufe. Many
anonymous victim students using earlier error-ridden drafts. Most importantly, Mary-Clare McEwing helped me
improve the book.
Most of the ments on early version of this book were very good, and I have tried hard to use them all.
Thanks to the reviewers, who really gave a lot of their valuable time and thoughts to help me.
Tony Bernardo Mark Klock Tim Sullivan
James Gatti
Bill Christie Angeline Lavin Chris Stivers
Simon Gervais
Jennifer Conrad Joseph McCarthy Mark Stohs
Tom Geurtz
Josh Coval Michael Pagano John Strong
Robert Hansen
Amy Dittmar Mitch Petersen Joel Vanden
Milt Harris
Richard Fendler Sarah Peck Jaime Zender
Ronald Hoffmeister
Diego Garcia Robert Ritchey Miranda (Mei) Zh