Richard A. Brealey,
London Business School Stewart C. Myers,
Massachusetts Institute of Technology Franklin Allen,
University of Pennsylvania
ISBN: 0073530735 Copyright year: 2011
What's New
McGraw-Hill 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 Personal Learning Plan 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.
Connect Plus Finance. This packaging option combines all the great features of Connect Finance, along with access to an online version of Principles 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!
Several chapters have been rewritten and refreshed for added simplicity and better flow.
Chapter 2 combines Chapters 2 and 3 from the 9th edition, going directly into how present values are calculated.
Chapter 3 introduces bond valuation and has been reordered and simplified. The chapter focuses on default-free bonds, but also includes an introduction to corporate debt and default risk.
Short-term and long-term financial planning are now combined in Chapter 29.
Chapter 28 is now devoted entirely to financial analysis, which should be more convenient to instructors who wish to assign this topic early in their courses.
Every chapter has been reviewed and revised to reflect the recent credit crisis. Significant updates include:
The discussion of agency costs and the importance of good governance in Chapter 1
The discussion on executive compensation in Chapter 12
The review of market efficiency that now includes expanded content on asset price bubbles in Chapter 13
The section on financial institutions that now covers the causes and progress of the crisis in Chapter 14
The discussion of the AIG debacle in Chapter 23
The coverage of the effect of the crisis on money-market mutual funds in Chapter 30
Useful Spreadsheet Functions boxes have been added to select chapters to walkthrough how to use Excel functions and spreadsheets when applying financial concepts.
Numbered and Titled Examples are now called out and featured within chapters to further illustrate concepts.
Real-Time Data Analysis section has been added to the end of chapter material in select chapters. Standard & Poor's problems as well as additional web exercises are housed together in this area. Students will be asked to apply real financial data in order to solve the problems supplied in this section.
A new, 4 color design and more real world examples make the book more appealing and relevant to today's students.
Increased international coverage reflects the reality that financial managers work more than ever in an international environment. Chapters 27 (Managing International Risks) and 33 (Governance and Corporate Control around the World) are exclusively devoted to international issues. More cross-border comparisons or non-U.S. examples have been added throughout the text.
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2011 McGraw-Hill Higher Education