Brealey/Myers’ Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded. This text is a valued reference for thousands of practicing financial managers.
* This text remains one of the most authoritative and comprehensive presentations of financial theory and practice available. The authors continue to reinforce their underlying theme of presenting theory as a way of helping financial managers solve practical problems. Customers can trust Brealey and Myers to get it right-both theory and practical applications. This book is a valued reference for thousands of practicing financial managers, and is the leading text worldwide.
* Controversies in the field of finance are thoroughly covered throughout the book. The authors lay out the various views on issues, and present their opinions. Users find these very interesting for lively classroom discussions.
* Procedures for estimating the cost of capital are covered extensively and realistically.
* The Discounted Cash Flow Model, Capital Asset Pricing Model, and the Arbitrage Pricing Model are thoroughly compared and contrasted.
* Examples from a variety of industries, such as oil, pharmaceutical, gas and electric utilities are included.