This book is widely used in introductory and intermediate corporate finance courses. This sixth edition offers an increased focus on questions and solutions. A greater number of questions have been inserted at the introductory and intermediate levels, and the Financial Management link on the website www.jutaacademic.co.za will offer additional questions and solutions. Recent examination questions from Part 1 and Part II of the Qualifying Examination have been included, as well as questions from the professional examinations set by ACCA and CIMA. Real-world applications of corporate finance theory and new developments are included to ensure that the textbook retains its relevance.