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Corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, three basic themes emerge as the central focus of Fundamentals of Corporate Finance.

1) An emphasis on intuition— underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.

2) A unified valuation approach— net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects.

3) A managerial focus— the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.

The Ninth Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide current examples that reflect corporate finance in today's world. The supplements package has also been expanded and strengthened to include even more robust teaching tools. The Test Bank and the self-study quizzes have been revised so that they align more closely with the End of Chapter problems creating a seamless package of text, teaching materials, and study tools.