Finance Preliminary Edition [facsimile]

This broad and comprehensive book presents the conceptual building blocks common to all areas of finance. By covering general principles of finance rather than specific subfields, it provides an appreciation of the scope of the subject as a whole. It presents both theory and practice with a heavy emphasis on problem-solving.

Based on the three analytical pillars of finance: time value of money; valuation; and risk management, this book is broader in scope than traditional finance books. Explaining what finance is and how it works, it reviews corporate financial statements from an owner's perspective and presents key corporate financial decisions in-depth. The book also emphasizes the application of finance problems to decision problems faced by households and firms.