Publisher's Synopsis
This is a hugely popular, comprehensive introductory text on finance which will move the student from an assumption of no knowledge up to a sound intermediate level of knowledge.The book explores the theory underpinning this subject, and goes on to explore the gap between academic finance theory and real-world practice. The book provides an up-to-date picture of recent theoretical re-evaluations. It moves from a general appreciation of the financial world, through an intensive treatment of the investment decision, risk and return, and sources of finance, to a comprehensive analysis of corporate value, including mergers, risk management using derivatives, and managing exchange rate risk. *Comprehensive coverage of all mainstream topics in corporate finance, including topics of emerging importance, such as risk management using derivatives and shareholder value analysis and strategy. *A large quantity of FT and Investor's Chronicle case study material is used to illustrate corporate finance in the contemporary business world. *The text has been extensively reviewed by an academic team based in the UK, Singapore, South Africa, Norway and The Netherlands.;*Strong learning package, featuring learning objectives, introduction, worked examples, case studies, summaries, key points and concepts, annotated further reading, review questions, computational and essay-type questions, and assignments. *Strong lecturer support package includes solutions to questions, test bank, OHP masters, Website with link into Mastering Finance and case studies. *Huge amount of question material provided: large number of review questions, computational and essay-type questions in each chapter, with answers to some of these in the book and the rest in the Instructor's Manual.
