The course introduces the role of corporate finance, the goal of the firm, stakeholders, time value of money, valuation of stocks and bonds, risk and return, the CAPM. Capital budgeting: cash flow estimation, cost of capital, risk, financial decisions: capital structure, leverage, payout policy, long-term financing decisions: common stock, long-term debt, lease and preferred stock financing, working capital: working capital policy and financing, cash cycle, cash and marketable securities, inventory, accounts receivable, accounts payable, short-term financing.