New Features:

• McGraw-Hill's Connect Finance. Connect Finance offers a number of powerful tools and features to make managing assignments easier, so you can spend more time teaching. Students can engage with their coursework anytime and anywhere, making the learning process more accessible and efficient. In short, Connect Finance facilitates student learning and optimizes your time and energies, enabling you to focus on course content, teaching, and student learning.
• Create and deliver online, auto-graded homework assignments, quizzes, and tests directly from the end-of-chapter materials or test bank. Problems are available as both static and algorithmic problems.
• Students receive immediate, detailed feedback on their assignments, allowing them to focus on the areas where they need improvement.
• A self Quiz and Study feature allows students to evaluate their performance through a practice test and then receive recommendations for specific readings from the text, supplemental study material, and practice work that will improve their mastery of each learning objective.
• Pre-built assignments are available to save you set up time.
• Questions mapped to AACSB skill areas, Bloom's Taxonomy levels, and difficulty level enable you to run reports that assess specific learning outcomes.
• Connect Plus Finance. This packaging option combines all the great features of Connect Finance, along with access to an online version of Essentials of Corporate Finance, linked to additional study features, so that students can easily refer back to the text for review and guidance. Connect Plus Finance is available with a new book at no additional charge!
• The latest research on dividend policy is reflected in Chapter 14, which has been significantly rewritten to include the life cycle theory and the impact of the 2003 dividend tax cut.
• New international material on the stock market risk premium is now included in Chapter 10.
• Every chapter has been evaluated and revised to provide the most up to date information and current examples. This provides relevance and interest for both students and instructors. Key content updates and additions include:
• Updated corporate ethics box with Bank of America purchase of Merrill Lynch and new material on Microsoft/Yahoo! takeover battle (Chapter 1)
• A new example comparing ratios for Lowe's and Home Depot and a new example comparing DuPont breakdowns for Yahoo! and Google (Chapter 3)
• New opener on GE's “Ecomagination” program (Chapter 8)
• New opener on inventory periods in the auto industry (Chapter 16)
• New opener on the US dollar/Canadian “loonie” exchange rate (Chapter 18)