Toc: Contents......Page 9Study Session 7: Corporate Finance (1)......Page 15Reading 19: Capital Budgeting......Page 16Reading 20: Capital Structure......Page 44Reading 21: Analysis of Dividends and Share Repurchases......Page 58Study Session 8: Corporate Finance (2)......Page 84Reading 22: Corporate Governance and Other ESG Considerations in Investment Analysis......Page 86Reading 23: Mergers and Acquisitions......Page 102Study Session 9: Equity Valuation (1)......Page 130Reading 24: Equity Valuation: Applications and Processes......Page 131Reading 25: Return Concept......Page 143Study Session 10: Equity Valuation (2)......Page 161Reading 26: Industry and Company Analysis......Page 163Reading 27: Discounted Dividend Valuation......Page 181Study Session 11: Equity Valuation (3)......Page 207Reading 28: Free Cash Flow Valuation......Page 209Reading 29: Market-Based Valuation: Price and Enterprise Value Multiples......Page 237Reading 30: Residual Income Valuation......Page 271Reading 31: Private Company Valuation......Page 289