Richard A. Brealey,
London Business School Stewart C. Myers,
Massachusetts Institute of Technology Alan J. Marcus,
Boston College
ISBN: 0073012386 Copyright year: 2007
New Features
Expanded coverage of corporate governance in chapters 13 (Introduction to Finance and Governance) and 21 (Mergers, Acquisitions, and Corporate Control). Ethics coverage expanded throughout including more ethics orientated Finance in Practices Boxes.
In response to reviewer requests, mini cases have been added to central chapters including chapters 7 (Net Present Value and Other Investment Criteria) and 16 (Payout Policy).
Greater coverage of behavioral finance in chapters 16 (Dividend Policy) and 21 (Mergers, Acquisitions, and Corporate Control). This reflects the recent research in this increasingly popular area.
Sarbanes-Oxley Act material added to Chapters 2 (Why Firms Need Financial Markets and Institutions) and 13 (Introduction to Finance and Governance).
Key Points have been re-designed. The authors feel that these are key take-away points for students to retain and draw attention to this element by displaying them as though a student has gone through and highlighted them for notes.
Expanded S&P problems have been added to the end of chapter material in selected chapters to reflect the expanded S&P data from 650 companies previously to 1,000 currently.
More Excel! There will be 3 different types of Excel spreadsheets available electronically- select exhibits from the text will be set in Excel, Excel templates within the Spreadsheet Solutions boxes, and select end of chapter problems will have an accompanying Excel template. All Excel material will be denoted by an icon referring the student to the Student CD or book website.
Revised Internet Insider boxes that acknowledge the link between the Internet and Corporate Finance.
Revised Finance in Practice boxes serve to show students how finance topics are used in everyday, real-world business situations. This shows relevance and motivates all students, especially the non-finance major.
New Homework Manager Packaging Option! This exciting new web-based program will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors. Instructors have great flexibility by controlling the rules and policies for assignments, which can range from self-study sessions to homework sessions to proctored exams. Homework Manager can also be set in “algorithmic” mode to present students with new data each time an assignment is worked, so they can work on fresh problems with the same structure until they master the concept. Immediate scoring and feedback helps guide and optimize student learning. Instructors can assign problems and have them automatically graded—a great time saver! The 5 th edition Test Bank is also included in Homework Manager for online testing and grading. Homework Manager is available packaged with Fundamentals of Corporate Finance for an additional $5.
New “One Pass” Packaging Option! This packaging option combines all the great features of Homework Manager, along with access to an online version of Fundamentals of Corporate Finance, linked to additional study features, so that students can easily refer back to the text for review and guidance. Also free with One Pass is access to McGraw-Hill's PowerWeb – a unique online resource providing high quality, peer-reviewed content for your course; including up-to-date articles from leading periodicals and journals, current news, weekly updates with assessment, interactive exercises, Web research guide, study tips, and much more! One Pass is available for an additional $10.
Part V on Debt and Dividend Policy updated. Chapter 15 (Debt Policy) contains more online references as well as recent developments regarding debt policy. Chapter 16 (Dividend Policy) has been updated to reflect the recent changes to the tax laws.
Chapters 20 and 21 have been merged into a new chapter entitled Working Capital Management to allow students to spend more time on where to invest, money markets and lines of credit. Thus, this edition is one chapter shorter than the 4th edition.
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