4-1
McGraw-Hill Ryerson © 2003 McGraw–Hill Ryerson Limited
Corporate Finance
Ross Westerfield Jaffe Sixth Edition
4
Chapter Four
The Time Value of
Money
Prepared by Gady Jacoby
University of Manitoba and
Sebouh Aintablian
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McGraw-Hill Ryerson © 2003 McGraw–Hill Ryerson Limited
Chapter Outline
4.1 The One-Period Case 4.2 The Multiperiod Case 4.3 Compounding Periods 4.4 Simplifications
4.5 What Is a Firm Worth?