Tying it all together. Through relevant, contemporary examples, students can easily identify relationships between the following key financial principles:
· Principle 1: Money has a time value.
· Principle 2: There is a risk-return tradeoff.
· Principle 3: Cash flows are the source of value.
· Principle 4: Market prices reflect information
· Principle 5: Individuals respond to incentives.
Getting the most out of the material. Essential Learning Aids help students understand concepts on a deeper level.
· Financial Analysis Tools provide quick reference guides for decision-making tools used in financial analysis. Appearing throughout the book, these helpful boxes display names, details, and summaries of calculations and formulas.
· Concept Checks give students the chance to test themselves before moving on with two to five questions. They help clarify topics and make sure concepts are understood at the end of specific sections.
· A running glossary appears in the margins to define key terms found within each section.
· Regardless of Your Major boxes, found at the beginning of each chapter, incorporate examples from other business school majors to show the wide range of applicability finance has to students and their career paths.
· Finance in a Flat World boxes demonstrate how each chapter’s content applies to international business, including the ongoing global financial crisis.
· The Business of Life boxes link important financial concepts to personal finance matters, helping students see key principles in action.
· Fundamental equations appear throughout each chapter so students can reference formulas for assignments and problems.
· Checkpoint Worked Examples allow students to assess their progress and knowledge at specific points throughout the text.
· Appendixes provide supplemental information on skills such as using a financial calculator and spreadsheet, and reading time value of money tables.
· UPDATED! Finance for Life boxes provide parallel analysis of text discussions using real-world examples to frame key financial management concepts.
· UPDATED! End-of-chapter problem sets help students evaluate their skills and knowledge with the most current financial management information.
· UPDATED! Chapter-opening vignettes
· UPDATED! Mini cases
