I am Konstantin Kontor, Director and Professor of Finance at the American Institute of Business and Economics in Moscow. Now I am offering to you, my course in Corporate Finance. The second in the series of financial courses, in my understanding, more in the finance specialization. Well, of all these courses, this one in Corporate Finance seems to be the most generic and there seems to be so many courses in this area. Then the question arises why bother? Why study it? And there is another idea that is quite widespread, that Corporate Finance is all about formulas, models advanced math probability integrals and some other stuff that is really scary for most learners. And that leads to another extreme. When people say, "Well, we can talk about that. We hate formulas and for that reason, we can just describe things in general as the art, the so-called journalistic approach." Now, both extremes, unfortunately, do not contribute to the understanding of the core issues in the area. We take a different approach. We take a logical progress, from the most fundamental assumptions that are simplifying to the more advanced conclusions, and to the models that allow us to properly value even the most advanced financial instruments. This is quite an intellectual challenge, but it does not require anything but just the interest in the topic and the willingness to think. Because on this path, we'll be able to go well beyond the standard approaches to net present value or risk, and we will be able to value derivatives including the more, sometimes, the most exotic ones. But again, even on this path, we do not go deeper in the details of what exactly must be done. But instead, we see the logic and we see the process. What should be kept in the account in order to properly proceed and the technical stuff we'll leave to computers. On this path, we sometimes, not without surprise, can see that although we operate mostly in the model of perfect Capital Markets. So this is a non existing model that seems to be very far from reality, but we still even within this model can build some approaches that are quite instrumental in our real lives for the valuation of the real securities and real financial projects and instruments. Well, as always we keep in mind that the scores clearly contributes to your advancement in financial career. If you pursue that. But the overall understanding and this pursued or logical approach, again, helps you be on finance too. And therefore, the skills, knowledge, and understanding again, is instrumental in your progress of whatever you do. So we have great pleasure, I invite you to the journey over land of value and I wish you good luck.