## Overview

Our free CFA Level II Corporate Issuers notes cover everything you need to know for this module. From capital budgeting and real options, capital structure and payout policy, to mergers acquisitions and restructuring, we've got you covered. Whether you're in a classroom or taking the self-study route, these notes provide added peace of mind, knowing that you have everything you need to help consolidate and revise effectively for CFA Level II exam. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created comprehensive study guides for all CFA Level II topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level2-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level2-quantitative-methods)
- [Economics](./cfa-level2-economics)
- [Financial Statement Analysis](./cfa-level2-financial-statement-analysis)
- [Corporate Issuers](./cfa-level2-corporate-issuers)
- [Equity Investments](./cfa-level2-equity-investments)
- [Fixed Income](./cfa-level2-fixed-income)
- [Derivatives](./cfa-level2-derivatives)
- [Alternative Investments](./cfa-level2-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level2-portfolio-management-and-wealth-planning)

## 1. Capital budgeting and real options

- [Project cash flow modeling and interactions](./cfa-level2-capital-budgeting-and-real-options-project-cash-flow-modeling-and-interactions)
- [Real options valuation timing abandonment and flexibility](./cfa-level2-capital-budgeting-and-real-options-real-options-valuation-timing-abandonment-and-flexibility)
- [Capital rationing and risk-adjusted hurdle rates](./cfa-level2-capital-budgeting-and-real-options-capital-rationing-and-risk-adjusted-hurdle-rates)

## 2. Capital structure and payout policy

- [Optimal leverage trade-offs and pecking order](./cfa-level2-capital-structure-and-payout-policy-optimal-leverage-trade-offs-and-pecking-order)
- [Dividends share repurchases and signaling](./cfa-level2-capital-structure-and-payout-policy-dividends-share-repurchases-and-signaling)
- [Working capital and liquidity management](./cfa-level2-capital-structure-and-payout-policy-working-capital-and-liquidity-management)

## 3. Mergers acquisitions and restructuring

- [Deal types synergies and value creation](./cfa-level2-mergers-acquisitions-and-restructuring-deal-types-synergies-and-value-creation)
- [Valuation methods and accretion dilution analysis](./cfa-level2-mergers-acquisitions-and-restructuring-valuation-methods-and-accretion-dilution-analysis)
- [Takeover defenses governance and regulation](./cfa-level2-mergers-acquisitions-and-restructuring-takeover-defenses-governance-and-regulation)


Free CFA Level II Corporate Issuers Study Guide