An entirely new section on ‘special topics’ includes an examination of derivatives and a discussion on international financial management.

Categorises and analyses the main sources of finance, with discussions on raising equity and the bond markets

• Examining strategic financial decision-making, with chapters on: investment appraisal, including an intuitive discussion on real options; financial forecasting and planning; and the cost of capital and capital structure
• In the context of recent turmoil in financial markets, a theoretical discussion on money markets and interest rates and the yield curve is provided.
• Each chapter contains the following:
• a set of learning objectives
• a comprehensive executive summary
• newspaper vignettes introducing students to real-life situations
• end of chapter questions (including general reviews and concept questions) and computational and mathematical problems

Accompanied by an expanded lecturers' and students' website containing

• more challenging questions;
• PowerPoint presentation material;
• new multiple choice questions;
• study tips; and
• extensive web links