01
Capital budgeting: NPV and IRR
Why does IRR mislead exactly when it matters most?
Advanced · Module 08
Corporate Finance
The firm's own decisions: what to invest in, how to fund it, and what to return to owners.
By the end of this module
You can reason about how a company should be financed and why the answer is not obvious.
0%0 / 3 complete
02
Capital structure and Modigliani–Miller
Does it matter whether you use debt or equity?
Primary source★ LandmarkFree
The Cost of Capital, Corporation Finance and the Theory of Investment ↗Modigliani & Miller, 1958
Start from the irrelevance result, then study every assumption that makes it false in practice.
03
Dividends, buybacks and signalling
What does a company communicate by how it returns cash?
Quiz
Not written yet for this module. The lectures above are complete and the module still counts toward your progress.