This book has been applauded for its modern approach and interesting examples. Professors praise the authors’ well-organized and thoughtful writing style and their clear exposition of what many students consider difficult material, and they accomplish this without sacrificing an up-to-date, technically correct treatment of core topic areas.
NEW FEATURES:
．Coverage of financial statement analysis closer to the discussion of accounting and finance.
．Revised chapter on valuing stocks.
．Reorganization and update of material on financial planning.
．Revised special topics. (Ex: Mergers)
．The discussion of project cash flow has been reworked to show how each of its components can be estimated.
．The discussions of stock repurchases and dividend policy have been rewritten to reflect recent trends and research.
