A user-friendly text organized for students, its chapters progress from a sturdy foundation of essential basic topics to advanced material and applications. Each chapter begins with a real-world mini case that is explained further by theories and research findings presented in that chapter. An analytical mini case, for which students must analyze possible actions based on what they have learned, concludes each chapter. Other features include: illustrations, examples, figures, and tables integrated throughout the text to clarify financial concepts and techniques; short chapter summaries that provides a handy overviews of key concepts for review; and a generous number of questions and problems that support text discussions and re-emphasize definitions, concepts, and the application of theory.

Strenghthening the teaching value of this book are the extensive supplementary materials. With the addition of twenty-six new case studies, an enhanced focus on international topics, and increased coverage of emerging markets, this new edition is an indispensable text for undergraduate and graduate students.