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