Fundamentals Of Corporate Finance

Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc. 1221 Avenue of the Americas, New York, NY, 10020. Copyright ©2003, 2000, 1998, 1995, 1993, 1991 by The McGraw-Hill Companies, Inc. All rights reserved. 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 The McGraw-Hill Companies, Inc., 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.

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ISBN 0-07-246974-9 (standard edition) ISBN 0-07-246982-X (alternate edition) ISBN 0-07-246987-0 (annotated instructor'

Executive editor: Stephen M. Patterson Sponsoring editor: Michele Janicek Developmental editor II: Erin Riley Executive marketing manager: Rhonda Seelinger Senior project manager: Jean Lou Hess Production supervisor: Rose Hepburn Senior designer: Pam Verros Producer, Media technology: Melissa Kansa Senior supplement producer: Carol Loreth Photo research coordinator: Judy Kausal Interior design: Maureen McCutcheon Cover and interior illustration: Jacek Stachowski/SIS© Typeface: 10/12 Times Roman Compositor: GAC / Indianapolis Printer: Von Hoffmann Press, Inc.

Library of Congress Cataloging-in-Publication Data: 2002100736

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