Preface to the Fifth EditionAcknowledgmentsTable of CasesPART I. THE DEAL PERSPECTIVEChapter One. A Legal Take on Corporate Finance1. Introduction2. Overarching Themes3. Introducing the Balance Sheet4. What Do Corporate Finance Lawyers Do?5. Sources of Law6. Economic Theory7. Reading Corporate Finance CasesChapter Two. Federal Securities Laws and the National MarketSystem1. Overview2. The Statutory Framework3. Capital Markets Are Information Markets4. Private Placements and Other Registration Exemptions5. The National Market System6. Broker-DealersChapter Three. Legal Accounting1. Overview2. Limitations of Financial Statements3. The Balance Sheet4. The Income Statement5. The Statement of Cash Flows6. The Future of Accounting StandardsPART II. DEBTChapter Four. U.S. Treasury Market and Other Public Debt1. Overview2. Debt Management in the Public Interest3. Instruments4. Creating Secondary Markets for Debt5. Municipal Securities6. Foreign Sovereign Issuers in the United StatesChapter Five. Liquidity, Short-Term Debt, and Money Markets1. Overview2. Liquidity Management3. Interest Rates4. Bank Funds5. The Money Market6. Credit RatingsChapter Six. Bonds1. Overview2. Stockholder-Bondholder Conflict3. Covenants4. The Trust Indenture Act of 19395. Bondholder Expropriation6. Other Instrument Features7. Potential Federal Registration Requirements8. Alternatives to BondsChapter Seven. Securitization and Structured Finance1. Overview2. The Originate-to-Distribute Model3. Private Asset-Backed Securities4. The Global Financial CrisisPART III. EQUITYChapter Eight. Common Stock1. Overview2. Operations in Equity3. Judicial Standards of Review4. Anti-Dilution Protections5. Capital Sufficiency and Distributions6. Shareholder and Director Liability for Wrongful DistributionsChapter Nine. Valuation1. Overview2. Why Merge?3. Financing the Deal4. Valuation Methods5. Protecting Dissenting Shareholders6. The Fair Value StandardChapter Ten. Preferred Stock1. Overview2. Contractual Rights of Senior Equity3. Voting Rights4. Dividends5. Liquidation and Redemption6. Defeating Share Preferences Through Merger and Redemption7. Special Uses of Preferred StockAppendix A. Financial Derivatives1. Functions, Products, and Underlyings2. Product Types3. Derivatives on Fixed-Income Underlyings4. Equity-Based DerivativesAppendix B. Financial Exercises1. Sample Balance Sheet: Apple Corporation2. Sample Income Statement: Ford Motor Company3. Sample Statement of Cash Flows: Bank of America4. Understanding Equity Dilution Tables5. Drafting Preferred StockIndex