Applied Corporate Finance
eBook - PDF

Applied Corporate Finance

Aswath Damodaran

Share book
  1. 656 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Applied Corporate Finance

Aswath Damodaran

Book details
Book preview
Table of contents
Citations

About This Book

Aswath Damodaran, distinguished author, Professor of Finance, and David Margolis, Teaching Fellow at the NYU Stern School of Business, have delivered the newest edition of Applied Corporate Finance. This readable text provides the practical advice students and practitioners need rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, Applied Corporate Finance, 4th Edition applies corporate finance to real companies. It now contains six real-world core companies to study and follow. Business decisions are classified for students into three groups: investment, financing, and dividend decisions.

Frequently asked questions

How do I cancel my subscription?
Simply head over to the account section in settings and click on “Cancel Subscription” - it’s as simple as that. After you cancel, your membership will stay active for the remainder of the time you’ve paid for. Learn more here.
Can/how do I download books?
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlego’s features. The only differences are the price and subscription period: With the annual plan you’ll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is Applied Corporate Finance an online PDF/ePUB?
Yes, you can access Applied Corporate Finance by Aswath Damodaran in PDF and/or ePUB format, as well as other popular books in Business & Corporate Finance. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Wiley
Year
2014
ISBN
9781118918562
Edition
4
Topic
Business
Subtopic
Corporate Finance
Index
Business
The
Risk
in
Borrowing:
Default
Risk
and
the
Cost
of
Debt
81
Table
3.7
D
EFAULT
S
PREADS
FOR
R
ATINGS
C
LASSES
:
S
EPTEMBER
2013
Rating
in
S&P/Moody’s
Default
spread
(%)
Interest
rate
on
debt
(%)
Aaa/AAA
0.40
2.90
Aa2/AA
0.70
3.20
A1/A
+
0.85
3.35
A2/A
1.00
3.50
A3/A–
1.30
3.80
Baa2/BBB
2.00
4.50
Ba1/BB
+
3.00
5.50
Ba2/BB
4.00
6.50
B1/B
+
5.50
8.00
B2/B
6.50
9.00
B3/B–
7.25
9.75
Caa/CCC
8.75
11.25
Ca2/CC
9.50
12.00
C2/C
10.50
13.00
D2/D
12.00
14.50
Source:
bondsonline.com.
Figure
3.8
Default
Spreads
on
Ratings
Classes
and
Equity
Risk
Premium
(ERP)
Spread 
over 
treasury
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
Aaa\AAA
Aa1\AA+
Aa2\AA
Aa3\AA–
A1\A+
A2\A
A3\A–
Baa1/BBB+
Baa2/BBB
Baa3/BBB–
Ba1/BB+
Ba2/BB
Ba3/BB–
B1/B+
B2/B
B3/B–
Caa/CCC+
ERP
1-Jan-08
12-Sep-08
12-Nov-08
1-Jan-09
A
nal
point
worth
making
here
is
that
everything
that
has
been
said
about
the
relationship
between
interest
rates
and
bond
ratings
could
be
said
more
generally
about
interest
rates
and
default
risk.
The
existence
of
ratings
is
a
convenience
that
makes
the
assessment
of
default
risk
a
little
easier

Table of contents