, d page i
d d
Essentials of Corporate Finance
d d d
Eleventh Edition d
Stephen A. Ross
d d
Randolph W. Westerfield
d d d
University of Southern California
d d d
Bradford D. Jordan d d
University of Kentucky
d d
, d page ii d d
ESSENTIALS OF CORPORATE FINANCE, ELEVENTH EDITION d d d d d
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY
d d d d d d d d d d d d
10019. Copyright 2023 by McGraw Hill LLC. All rights reserved. Printed in the
d d d d d d d d d d d d d
United States of America. Previous editions ©2020, 2017, and 2014. No
d d d d d d d d d d d
part of this publication may be reproduced or distributed in any form or by any
d d d d d d d d d d d d d d d
means, or stored in a database or retrieval system, without the prior written
d d d d d d d d d d d d d
consent of McGraw Hill LLC, including, but not limited to, in any network or
d d d d d d d d d d d d d d
other electronic storage or transmission, or broadcast for distance learning.
d d d d d d d d d d
Some ancillaries, including electronic and print components, may not
d d d d d d d d
dbe available to customers outside the United States.
d d d d d d d
This book is printed on acid-free paper.
d d d d d d
1 2 3 4 5 6 7 8 9 LWI 26 25 24 23 22 21
d d d d d d d d d d d d d d d d
ISBN 978-1-264-10157-3 (bound edition)
d d d
MHID 1-264-10157-0 (bound edition)
d d d
ISBN 978-1-265-41496-2 (loose-leaf edition)
d d d
dMHID 1-265-41496-3 (loose-leaf edition)
d d d
Portfolio Manager: Charles Synovec d d d
Product Developer: Allison McCabe-Carroll
d d d d
Marketing Manager: Trina Maurer
d d d d
Content Project Managers: Jamie Koch, Fran Simon
d d d d d d
Buyer: Sandy Ludovissy d d
Designer: Matt Diamond d d
Content Licensing Specialist: Traci Vaske
d d d d
Cover Image: eli_asenova/Getty Images
d d d d
Design Element: Vladitto/Shutterstock
d d d
, Compositor: Straive d
All credits appearing on page or at the end of the book are considered to be an
d d d d d d d d d d d d d d d d
extension of the copyright page.
d d d d d
Library of Congress Cataloging-in-Publication Data
d d d d
Names: Ross, Stephen A., author. | Westerfield, Randolph W., author. |
d d d d d d d d d d
Jordan, Bradford D., author.
d d d d
Title: Essentials of corporate finance / Stephen A. Ross, Randolph W.
d d d d d d d d d d
Westerfield, University of Southern California, Bradford D. Jordan, University
d d d d d d d d d
of Kentucky.
d d
Description: Eleventh edition. | New York, NY : McGraw Hill LLC, [2023] |
d d d d d d d d d d d d
Includes index.
d d
Identifiers: LCCN 2021053128 (print) | LCCN 2021053129 (ebook) | ISBN
d d d d d d d d d
9781264101573 (paperback ; alk. paper) | ISBN 9781265412548 (ebook)
d d d d d d d d d
Subjects: LCSH: Corporations—Finance.
d d
Classification: LCC HG4026 .R676 2023 (print) | LCC HG4026 (ebook) | DDC
d d d d d d d d d d d
658.15—dc23/eng/20211028
d
LC record available at https://lccn.loc.gov/2021053128
d d d d
LC ebook record available at https://lccn.loc.gov/2021053129
d d d d d
The Internet addresses listed in the text were accurate at the time of publication.
d d d d d d d d d d d d d
The inclusion of a website does not indicate an endorsement by the authors or
d d d d d d d d d d d d d d
McGraw Hill LLC, and McGraw Hill LLC does not guarantee the accuracy of the
d d d d d d d d d d d d d d
information presented at these sites.
d d d d d
mheducation.com/highered
d d
Essentials of Corporate Finance
d d d
Eleventh Edition d
Stephen A. Ross
d d
Randolph W. Westerfield
d d d
University of Southern California
d d d
Bradford D. Jordan d d
University of Kentucky
d d
, d page ii d d
ESSENTIALS OF CORPORATE FINANCE, ELEVENTH EDITION d d d d d
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY
d d d d d d d d d d d d
10019. Copyright 2023 by McGraw Hill LLC. All rights reserved. Printed in the
d d d d d d d d d d d d d
United States of America. Previous editions ©2020, 2017, and 2014. No
d d d d d d d d d d d
part of this publication may be reproduced or distributed in any form or by any
d d d d d d d d d d d d d d d
means, or stored in a database or retrieval system, without the prior written
d d d d d d d d d d d d d
consent of McGraw Hill LLC, including, but not limited to, in any network or
d d d d d d d d d d d d d d
other electronic storage or transmission, or broadcast for distance learning.
d d d d d d d d d d
Some ancillaries, including electronic and print components, may not
d d d d d d d d
dbe available to customers outside the United States.
d d d d d d d
This book is printed on acid-free paper.
d d d d d d
1 2 3 4 5 6 7 8 9 LWI 26 25 24 23 22 21
d d d d d d d d d d d d d d d d
ISBN 978-1-264-10157-3 (bound edition)
d d d
MHID 1-264-10157-0 (bound edition)
d d d
ISBN 978-1-265-41496-2 (loose-leaf edition)
d d d
dMHID 1-265-41496-3 (loose-leaf edition)
d d d
Portfolio Manager: Charles Synovec d d d
Product Developer: Allison McCabe-Carroll
d d d d
Marketing Manager: Trina Maurer
d d d d
Content Project Managers: Jamie Koch, Fran Simon
d d d d d d
Buyer: Sandy Ludovissy d d
Designer: Matt Diamond d d
Content Licensing Specialist: Traci Vaske
d d d d
Cover Image: eli_asenova/Getty Images
d d d d
Design Element: Vladitto/Shutterstock
d d d
, Compositor: Straive d
All credits appearing on page or at the end of the book are considered to be an
d d d d d d d d d d d d d d d d
extension of the copyright page.
d d d d d
Library of Congress Cataloging-in-Publication Data
d d d d
Names: Ross, Stephen A., author. | Westerfield, Randolph W., author. |
d d d d d d d d d d
Jordan, Bradford D., author.
d d d d
Title: Essentials of corporate finance / Stephen A. Ross, Randolph W.
d d d d d d d d d d
Westerfield, University of Southern California, Bradford D. Jordan, University
d d d d d d d d d
of Kentucky.
d d
Description: Eleventh edition. | New York, NY : McGraw Hill LLC, [2023] |
d d d d d d d d d d d d
Includes index.
d d
Identifiers: LCCN 2021053128 (print) | LCCN 2021053129 (ebook) | ISBN
d d d d d d d d d
9781264101573 (paperback ; alk. paper) | ISBN 9781265412548 (ebook)
d d d d d d d d d
Subjects: LCSH: Corporations—Finance.
d d
Classification: LCC HG4026 .R676 2023 (print) | LCC HG4026 (ebook) | DDC
d d d d d d d d d d d
658.15—dc23/eng/20211028
d
LC record available at https://lccn.loc.gov/2021053128
d d d d
LC ebook record available at https://lccn.loc.gov/2021053129
d d d d d
The Internet addresses listed in the text were accurate at the time of publication.
d d d d d d d d d d d d d
The inclusion of a website does not indicate an endorsement by the authors or
d d d d d d d d d d d d d d
McGraw Hill LLC, and McGraw Hill LLC does not guarantee the accuracy of the
d d d d d d d d d d d d d d
information presented at these sites.
d d d d d
mheducation.com/highered
