Features:

• This text remains one of the most authoritative and comprehensive presentations of financial theory and practice available. The authors continue to reinforce their underlying theme of presenting theory as a way of helping financial managers solve practical problems. Customers can trust Brealey and Myers to get it right-both theory and practical applications. This book is a valued reference for thousands of practicing financial managers, and is the leading text worldwide.

• Controversies in the field of finance are thoroughly covered throughout the book. The authors lay out the various views on issues, and present their opinions. Users find these very interesting for lively classroom discussions.

• Procedures for estimating the cost of capital are covered extensively and realistically.

• The Discounted Cash Flow Model, Capital Asset Pricing Model, and the Arbitrage Pricing Model are thoroughly compared and contrasted.

• Examples from a variety of industries, such as oil, pharmaceutical, gas and electric utilities are included.

• Student CD-ROM is Free with every new book sold. The CD includes PowerPoint presentations, video clips, Financial Analysis Spreadsheet Templates, and many useful weblinks.