Product Description
The objective of Corporate Financial Management, 4th Edition is to introduce students to those principles essential to the understanding of financial problems and the policies that financial managers use to contend with these problems. To achieve this objective, the text stresses practical application in a user-friendly format. This textbook is suitable for both undergraduate- and graduate-level core courses in finance: financial management and corporate finance. We have written the text in a clear, concise, and practical manner. Students will be exposed to all of the key tools and techniques of financial management and corporate finance without a complex treatment of theoretical financial concepts. Students find different ways to master a subject, but we believe that the case-study approach is the most effective. Although this text is not a casebook, we have included 12 short cases designed to illustrate a series of real-life, current, and decision-oriented financial problems. These cases should be particularly useful for those instructors who wish to use this text for the two-semester sequence on financial management and corporate finance. The case-study approach allows instructors to use a "hands-on" orientation. They can use these cases for student presentations, homework assignments, or classroom discussions. These cases should enable students to strengthen their practical understanding of financial concepts and techniques. Without the added expense of a separate casebook, students can apply what they have learned in practical settings. Moreover, internet exercises at the end of each case has been added to explain how the Internet can be used to access financial data and obtain information on case concepts. It is important to remember that some of the internet exercise instructions may not apply because their website and their features change frequently. The text focuses on investment and financing decisions, with an emphasis on providing the student with a real-world, practical understanding of concepts. Throughout the fifth edition of Corporate Financial Management, we have incorporated numerous examples to illustrate problem-solving, especially in present value analysis. The text illustrates problem-solving of all relevant concepts mathematically with equations and by financial calculator, using the Texas Instruments BA II Plus. Step-by-step financial calculator instructions are provided for all relevant problems.
