INTRODUCTION 1 PART 1: GETTING STARTED WITH INVESTMENT BANKING 5 CHAPTER 1: Introducing Investment Banking 7 CHAPTER 2: The Purpose of Investment Banking: What Investment Bankers Do 23 CHAPTER 3: How Investment Bankers Sell Companies 43 CHAPTER 4: How Investment Banking Is Used in Mergers and Acquisitions 61 CHAPTER 5: How Investment Banking Is Used in Leveraged Buyouts 81 PART 2: DIGGING IN: PERFORMING INVESTMENT BANKING 97 CHAPTER 6: Finding the Data: Documents and Reports 99 CHAPTER 7: Making Sense of Financial Statements 117 CHAPTER 8: Perfecting the Financial Ratios for Investment Banking 137 CHAPTER 9: Sizing Up the Industry 155 CHAPTER 10: Understanding Stocks and Focusing on Past Transactions 175 CHAPTER 11: Applying Investment Banking to Fixed Income 191 PART 3: TAKING INVESTMENT BANKING TO THE NEXT LEVEL 211 CHAPTER 12: Doing a Discounted Free Cash Flow Analysis 213 CHAPTER 13: Structuring a Leveraged Buyout 233 CHAPTER 14: Determining the Strength of a Company's Return on Equity 249 PART 4: APPLYING INVESTMENT BANKING 265 CHAPTER 15: Knowing the Rules 267 CHAPTER 16: How Some Companies Lie, Cheat, and Steal Their Way to the Top 283 CHAPTER 17: Understanding Alternative Investments and Asset Management 303 CHAPTER 18: Trying Your Hand at Investment Banking with a Case Study 321 PART 5: THE PART OF TENS 333 CHAPTER 19: Ten of the Biggest Debacles in Investment Banking History 335 CHAPTER 20: Ten Ways to Improve a Discounted Cash Flow Analysis 345 CHAPTER 21: Ten (or So) of the Best Online Resources for Investment Bankers 355 APPENDIX: WHERE INVESTMENT BANKING CAME FROM 363 INDEX 371.