Applied Corporate Finance: A User's Manual 
Second Edition
This web site is designed to support the second edition of "Applied
Corporate Finance: A User's Manual". The publisher is John Wiley and
Sons. You can navigate the site by either going to individual chapters
and getting supporting material by chapter, or by going to the supporting
material directly.
The supporting material include:
You can read the preface to the book by clicking here. If you have the first edition of the book, go here. If you are an instructor using this book, please click here.
Chapter 1  Chapter 2  Chapter 3  Chapter 4  Chapter 5  Chapter 6 
Chapter 7  Chapter 8  Chapter 9  Chapter 10  Chapter 11  Chapter 12 
Spreadsheets  Overheads  Datasets  References 
Solutions  Derivations and Discussion  Live Case Study  Powerpoint Presentations 
Overheads 
Big Picture 
Companies: Background 

Companies: Financials 
Overheads  Download as pdf file 
Illustrations  2.1: Assessing Disney’s
Board of Directors 2.2: Corporate Governance at Aracruz: Voting and Nonvoting Shares 2.3: Corporate Governance at Deutsche Bank: Cross Holdings 2.4: Interaction with financial markets – A Case Study with Disney 2.5: Assessing Social Costs 2.6: Restive Stockholders and Responsive Managers: The Disney Case 
Answers to Concept Questions  2.1  2.10 
Data Sets 

Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion 

Readings  
Live Case Study  Analyzing a Company's Corporate Governance Structure 
Overheads  Download as pdf file 
Illustrations  3.1: Calculation of standard deviation using historical
returns: Disney 3.2: Variance of a portfolio: Disney and Aracruz 3.3: Identifying the Marginal Investor 
Answers to Concept Questions  3.1  3.6 
Data Sets  Interest Coverage Ratios, Ratings and Default Spreads 
Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion 

Readings  
Live Case Study  Analyzing a Firm's Stockholders 
Overheads  Download as pdf file 
Illustrations  7.1:
Financing Choices in 200304 – Disney and
Aracruz 7.2: The Initial Public Offering for United Parcel Service 7.3: Valuing a Rights Offering –– Tech Temp Inc. 7.4: Evaluating the Debt Trade off – Disney, Aracruz and Bookscape 
Answers to Concept Questions  7.17.16 
Data Sets  
Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion  
Readings 
For more readings, click here. 
Live Case Study  The Financing Choices 
Overheads  Download as pdf file 
Illustrations  8.1:
Estimating Debt Capacity Based Upon Operating Income Distribution:
Disney 8.2: WACC, Firm Value, and Leverage 8.3: Analyzing the Capital Structure for Disney: March 2004 8.4: Sensitivity Analysis on Disney’s Optimal Debt Ratio 8.5: Applying the Cost of Capital Approach with Normalized Operating Income to Aracruz Cellulose 8.6: Applying the Cost of Capital Approach to a Private Firm: Bookscape 8.7: Applying the Cost of Capital Approach to Deutsche Bank 8.8: Using the Adjusted Present Value Approach to calculate Optimal Debt Ratio for Disney in 2004 8.9: Estimating Disney’s debt ratio using the cross sectional approach 
Answers to Concept Questions  8.18.7 
Data Sets  
Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion  
Readings  
Live Case Study  Analyzing a Firm's Optimal Debt Ratio 
Overheads  Download as pdf file 
Illustrations  9.1: Debt Capacity and Takeovers 9.2: Increasing financial leverage quickly: Nichols Research 9.3: Charting a Framework for Increasing Leverage: Disney (before Comcast hostile bid) 9.4: Decreasing Leverage gradually: Time Warner 9.5: Calculating Duration for Disney Theme Park 9.6: Coming Up With The Financing Details: Disney 9.7: Estimating the Right Financing Mix for Bookscape, Aracruz and Deutsche Bank 
Answers to Concept Questions  9.19.10 
Data Sets 

Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion  
Readings  
Live Case Study  Developing a Firm's Financial Details 
Overheads  Download as pdf file 
Illustrations  10.1: Dividends, Dividend Yields and Payout Ratios 
Answers to Concept Questions  10.110.10 
Data Sets  
Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion 

Readings  
Live Case Study  Analyzing a Firm's Dividend Trade Offs 
Overheads  Download as pdf file 
Illustrations  11.1: Dividends and Stock Buybacks: Disney, Aracruz
and Deutsche Bank 11.2: Estimating Free Cash Flows to Equity – Disney, Aracruz and Deutsche Bank 11.3: Comparing Dividend Payout Ratios to FCFE Payout Ratios: Disney and Aracruz 11.4: Evaluating Project Quality at Disney and Aracruz 11.5: Analyzing the Dividend Policy of Disney and Aracruz 11.6: Analyzing Disney’s Dividend Payout Using Comparable Firms 11.7: Analyzing Dividend Payout Using The Cross Sectional Regrssion 
Answers to Concept Questions  11.111.7 
Data Sets  
Spreadsheets  
Solutions to Problems  Download as pdf file 
Derivations, InPractice Questions and Discussion  
Readings 
For more readings, click here. 
Live Case Study  Analyzing Dividend Policy 
Risk Analysis  
Return Estimation 

Capital Structure  
Dividend Policy  
Valuation 

Chapter 1  Chapter 2  Chapter 3  Chapter 4  Chapter 5  Chapter 6 
Chapter 7  Chapter 8  Chapter 9  Chapter 10  Chapter 11  Chapter 12 