Combining respected authors with a problem solving approach.
This edition of Fundamentals of Corporate Finance continues to use guided problem solutions to help students apply problems solving methodology and real life financial problems help students practice and connect to real world financial decisions.
With updated standards, examples, exercises and statistics and common mistake boxes students are provided with a current text that enables them to build knowledge while building their problem solving and decision making skills.
Features
To bridge theory and practice the following features have been included:
- Valuation Principle is presented as the foundation of all financial decision making. It is introduced in Chapter 3 and revisited in the part openers and integrated throughout the text.
- Guided Problem Solutions (GPS) breaks the solution process into three steps: plan, execute and evaluate. This aids comprehension, and demonstrates the importance of interpreting the mathematical solution.
- Personal Finance GPS examples showcase the use of financial analysis in everyday life
- Finance in Focus boxes highlight contemporary examples of how theory works in the real world, impacting business problems and company practices
- Common Mistake boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations
- Notation boxes define the variables and the acronyms used in the chapter and serves as a ‘legend’ for reference
- Numbered and labelled equations. The first time a full equation is given in notation form, it is numbered. Key equations are titled and revisited in the summary and in end papers
- Timelines are emphasised as the important first step in solving every problem that involves cash flow
- Using Excel boxes describe Excel techniques and include screenshots to serve as a guide
- Financial calculator instructions with keystrokes for HP-10BII and TI BAII Plus Professional, highlight this problem-solving tool
- Concept Check questions at the end of each section enable students to test their understanding
- End-of-chapter problems allow students to practise and build confidence
- Data Cases present in-depth scenarios in a business setting with questions designed to guide students’ analysis
- Integrative Cases present a capstone extended problem with a scenario and data for students to analyse based on that subset of chapters
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