The Best Widely-Used Corporate Finance Textbook

  • Now free for download but also featuring an affordable $60 print version.
  • (Past editions become GNU open-source licensed. See here for details.)
  • 5th edition preview online. Final version expected August 2022.


A quick read. Please do not email me unless you have read the FAQ first.

On-Line Testing

Two Good Choices Now:

  • student self-testing, course administration;
  • accepi: supported, universal, affordable.


Teaching slides (still on ed4 for now)

Full Instructor Support

Instructor materials are available only to legitimate instructors for university-registered courses If you are a verifiable instructor, please contact for access. (Never accessible to students under any circumstances.)


Check out the coverage and feature comparison for Berk-Demarzo, Brealy-Myers-Allen, Ross-Westerfield-Jaffe, and Welch, and the instructor preface for some further perspectives and comparisons.

I also posted my 2018 presentation to the FMA at here.

Some Reviews

For unvarnished reviews left by readers of my previous edition, feel free to read the bookreviews.html.


For more funny finance-related videos (by ed.movies and me), click ed-movies.html.

For more funny videos by ed.movies in general, click http://ed.movies.

Please leave a non-anonymous review. (You will have to authenticate with a google account.)

/home/ Last modified: