Description
Focus on the Financial Crisis and Sovereign Debt Crisis
Global Financial Crisis boxes reflect the reality of the recent financial crisis and ongoing sovereign debt crisis, noting lessons learned. 23 boxes across the book illustrate and analyze key details.
The Law of One Price as the Unifying Valuation Framework
The Law of One Price framework reflects the modern idea that the absence of arbitrage is the unifying concept of valuation. This critical insight is introduced in Chapter 3, revisited in each part opener, and integrated throughout the text—motivating all major concepts and connecting theory to practice.
Study Aids with a Practical Focus
To be successful, students need to master the core concepts and learn to identify and solve problems that today’s practitioners face. Common Mistakes boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations—in the classroom and in the field.
Applications that Reflect Real Practice
Corporate Finance features actual companies and leaders in the field. Interviews with notable practitioners—seven new for this edition— highlight leaders in the field and address the effects of the financial crisis.
General Interest boxes highlight timely material from financial publications that shed light on business problems and realcompany practices.