Author Description

This text's straightforward manner helps make concepts accessible to finance students. It is intended for the introductory finance course required of all business majors, usually called "Corporate Finance". Features: * Clear, uncomplicated practitioner's approach, organized in the balance sheet format, gives students a real-world corporate perspective, and minimizes use of complicated theory. * Chapter 3 on federal monetary policy and banks provides students with a foundation for understanding interest rates. * Format for self-test questions and problems allows students to work more problems in less time. * Many up-to-date real world examples show students the relevance of topics under study. New to this edition: * New four-colour design * New author Bodie Dickerson brings new material from more than 12 years of teaching experiences with thousands of students at Oregon State. * Unique, stand-alone Lotus-based mini-cases which appear at the end of five chapters (6,7,9,14,16) allow students to build their own models without templates. As a result, they learn the entire process. Software has been class-tested for the past eight years in Dickerson's classes. * Many new problems have been added based on Dickerson's teaching to large class sections at Oregon State. New problems are shorter, concise, and applied. * Chapter 9, Management of Cash & Market Securities, has been extensively revised, with an excellent new case on Cash Budget. * Learning objectives, tied into end-of-chapter summaries and main chapter points, provide continuity. Self-test questions provide the apparatus to check student knowledge. * Chapter 8 on working capital has been revised to improve coverage of this important topic. * The material on bond valuation (Ch. 16), common stock (Ch. 17) and financial institutions (Ch. 3) is treated by presenting the models first, followed by descriptive presentations, for a smooth flow of topics. * The International Finance chapter (23), written by Michael Moffet, now has a practical rather than a historical emphasis.