New for this edition, Lyryx for Finance!

Based on Fundamentals of Corporate Finance, Lyryx Assessment Finance [LAFIN] is a leading edge online assessment system, designed to support both the students and instructors. The assessment takes the form of a homework assignment called a Lab. These are algorithmically generated and automatically graded so that students get instant grades & feedback. New Labs are randomly generated each time providing the student with unlimited opportunities to repeat each question. Each time they submit a Lab for marking, students receive extensive feedback on their work - just like having their own personal online tutor. Instructor's can create labs of their choice by selecting problems from the bank of questions, have access to all their students' marks and can view the students best Lab at any time. Visit http://lyryx.com.

Key Features and Key Changes to the Third Canadian Edition

• The third Canadian edition of Fundamentals includes many changes. The analytical tools used with the book have been enhanced. There are more spreadsheet boxes integrated into the chapters; most chapters now contain end-of-chapter student exercises using the Educational Version of Standard & Poor's Market Insight; exercises are included in the end-of-chapter problems that ask students to use a variety of Internet resources to solve financial problems; and in many chapters, new comprehensive and integrative problems have been added.
• In addition, the text has been rewritten, rearranged and new material added to improve readability and to update coverage across chapters. For example, an expanded discussion of ethical issues has been added to chapter 1, expanded coverage of behavioural finance can be found in chapter 6, and coverage of income trusts has been added to chapter 15. Complete details on the changes to the Third Canadian Edition can be found in the Preface to the book.
• Access to S&P's Educational Version of Market Insight (data derived from the Compustat database) is included with each new copy of the text. This rich online resource provides six years of fundamental financial data for over 1,000 Canadian, US and International companies. S&P specific problems are found in the end-of-chapter questions. www.mcgrawhill.ca/edumarketinsight .

Pedagogical Features

Chapter Opening: Each chapter begins with an overview relating the material to be covered in the chapter to the real world. Learning Goals are contained in this section which are revisited in the Summary that closes each chapter.

Examples: Separated numbered, and titled examples are extensively integrated into the chapters providing detailed applications and illustrations of the text material.

Finance in Action Boxes: Almost every chapter includes at least one “Finance in Action” box. These are excerpts, usually from the financial press, providing real-life illustrations of the chapter's topics, such as ethical choices in finance, new views about stock valuation, Internet IPOs and corporate takeover battles abroad.

Key Points: Located every few pages throughout the text, these points underscore and summarize the importance of the immediately preceding material, at the same time helping students to focus on the most relevant topics critical to their understanding.

Check Point Questions: Check Point questions are provided within each chapter and enable students to check their understanding as they read. Both conceptual and calculation-type questions have been included in this edition. Answers are provided at the end of each chapter.

Key Formulas: Called out in the text, key formulas are identified by a number. A summary of key formulas can be found on the Brealey web site.

Calculator Boxes and Exercises: To help students grasp the critical concept of Time Value of Money, many pedagogical tools have been added throughout the first section of the text. Financial Calculator boxes provide examples of solving a variety of problems with directions for the three most popular financial calculators.

Excel Spreadsheets: Excel spreadsheet boxes are integrated into several chapters and provide the student with detailed examples of how to use spreadsheets when applying financial concepts. These boxes give a valuable introduction to financial modeling. We show how spreadsheets can be used in time value of money and security valuation problems as well as in long and short-term planning applications.

International Icon: An international icon appears where authors discuss global issues.

Key Terms: Throughout each chapter, key terms appear in bold type with margin definitions and are listed in the end-of-chapter material for easy reference.

End-of-Chapter: A variety of end-of-chapter features are offered to support the concepts presented throughout each chapter and include: a Summary, Related Web Links, Key Terms, Questions and Problems, Excel based questions, and Solutions to Check Points.

MiniCases: Integrative minicases end most chapters and allow students to apply their knowledge to relatively complex, practical situations.