In finance, our goal is to create wealth. This is done by providing customers with the best product and service possible, and it is the market response that determines whether we reach our goal. We are very proud of the market reaction to Foundations of Finance; the market's response has been overwhelming. With its success comes an even greater responsibility to deliver the finest possible textbook and supplementary package possible.

We have done this with a two-pronged approach of refinement, based on user's comments, and of remaining the innovative leaders in the field, focusing on value-added innovations.

Foundations of Finance has gained the reputation for being "intuitive" -allowing the reader "to see the forest through the trees" - and "lively and easy to read." In the fifth edition of Foundations of Finance, we have tried to build on these strengths, introducing the latest concepts and developments in finance in a practical and intuitive manner.

Part 1 The scope and environement of financial management
Part 2 Valuation of financial assets
Part 3 Investment in long-term assets
Part 4 Capital structure and dividend policy
Part 5 Working-capital management and international business
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