This course focuses on financial decision making in the modern corporation. The basic issues include: Time value of money (Present value, Future value, Perpetuities), Valuing stocks and bonds, Capital budgeting (Net Present Value, Internal Rate of Return, Payback period rule, Discounted Payback period rule, Profitability index), Accounting statements and Cash Flow, Financial planning (Long-term planning, Short-term financing and planning, Net working capital, Operating cycle, Cash cycle, Cash budgeting, Credit management and policy), Long-term financing (Common stock, Preferred stock, Long-term debt), Cost of Capital and Capital structure (Financial leverage, Modigliani and Miller Propositions, Taxes, Costs of financial distress, Weighted Average Cost of Capital), Dividend policy and Mergers & Acquisitions.

Recommended Textbooks

1. Ross, S., Westerfield, R.W. and Jaffe, J., Corporate Finance, McGraw-Hill (Irwin Series in Finance), 4^th ed., 1996 (or later editions).
2. Brealey, R. A., Myers S. C and Μarcus J. Α., Fundamentals of Corporate Finance, Fourth Edition, McGraw-Hill, 2004.
3. Brigham, E. F., Gapenski C. L. and Ehrhardt M. C., Financial Management, Theory and Practice, The Dryden Press, New York, 2004.
4. Brigham, E. F. and Houston J. F., Fundamentals of Financial Management, Ninth Edition, South-Western Thomson Learning, 2006.
5. Arnold G., Corporate Financial Management, Second Edition, Financial Times-Prentice Hall, 2002