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For undergraduate and graduate courses in corporate finance, financial management, and financial economics. This book seeks to explain finance through its functions rather than its institutions, concentrating on the three pillars of finance: optimization over time, asset valuation, and risk management. The Three Pillars of Finance The three pillars of finance represent the basic “laws” and principles that apply across all the topical subfields of the discipline. By basing the text on these principles, students can see finance as one big picture instead of as unconnected pieces. Incorporates All Areas of Finance This text provides students with a broad spectrum of finance including investments, institutions, and corporate finance. This idea departs from most text, which typically focus on corporate finance, exclusively. New! Policy Boxes These policy boxes are integrated throughout each chapter to illustrate the wide-ranging global policy issues that apply to the chapter material. New! End-of-Chapter Material At the end of each chapter, problems have been added, challenging students to apply key financial principles covered in the chapters. OTHER TOPICS OF DISCTINCTION Translations Available
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