-A lease Financing Appendix to theBond Chapter
We've added a comprehensive appendix (Appendix 6A, pages 245-263) on leasing to the debt financing chapter ( bonds,Chapter 6) to recognize the continuing importance of lease financing in business. The treatment includes the historical development of equipment leasing,the idea of off-balance-sheet financing and the problem of financial staement disclosure, regulation under FASB-13, the distinction between capital and operating leases,detail on the financial statement presentation of capital lease, and a brief discussion of the tax advantages of leveraged leasing. The appendix includes its own questions and problems.
-Coverage of Convertible Bonds Significantly Expanded
Coverage of Convertible Bonds has been expanded into a comprehensive discussion supported by graphics and numerical examples. The treatment begins with a comparison of risk and return potential between covertibles   and in conventional debt and equity. This is followed by a graphic exposition of convertible valuation supported by numerical examples. The idea of earnings dilution is introduced, applied to convertibles, and reinforced with a realistic example. ( See Chapter 6,pages 223-232)
-Coverage of Options Trading and the Ethics of Executive Stock Option Aded
Coverage of options trading has been added to the equity financing chapter (stocks, Chapter 7). Development of the concept includes the notion of leverage and the associated volatilly of the option market. Option pricing is pressted intuitively a graphic approach. Warrants are discussed as a variation on the concept. Special attention is given to ecmployee stock options and the ethical problems created when options motivate senior management to go to virtually any length to keep stock prices up
-Additional End-of-Charpter Problems
Ten to fifteen new problems have been added at the end of every chapter. The new material is generally of intermediate difficulty and is interspersed among the existing problems.
-Business Analysis Exercises Included between Question and Problems
A thought provoking series of exercises has been between question and problems at the end of each chapter. Basically qualitative in nature, Business Analysis scenarios are mini-cases that place students in delicate organizational or political situations and ask them to develop reasonable solutions.

Part 1 Introduction to Financial Management
Part 2 Discounted Cash Flow and the Value of Securities
Part 3 Business Investment Decisions---Capital Budgeting
Part 4 Long-Term Financing Issues
Part 5 Operations Issues---Working Capital Management and Planning
Part 6 Current Topics in Financial Management