tai文档新wan财务管理_lecture13(ch13).pptVIP

Topics Covered Common Stock Preferred Stock Corporate Debt Convertible Securities Patterns of Corporate Financing Common Stock Common Stock Authorized Share Capital Maximum number of shares that the company is permitted to issue, as specified in the firm’s articles of incorporation. Common Stock Book Value vs. Market Value Book value is a backward looking measure. It tells us how much capital the firm has raised from shareholders in the past. It does not measure the value that shareholders place on those shares today. The market value of the firm is forward looking, it depends on the fut