For undergraduate Corporate Finance, MBA Finance course, and Financial Economics.
This significant new finance text has a broader scope and greater emphasis on general principles than most other introductory finance texts, which typically focus exclusively on corporate finance. This text incorporates Corporate Finance, investments, and institutions. Acclaimed authors Bodie and Merton offer an approach balanced among the three "pillars" of finance-optimization over time, asset valuation, and risk management. The book encompasses all subfields of finance within a single unifying conceptual framework, and offers the "big picture" of resource allocation over time under conditions of uncertainty.
I. FINANCE AND THE FINANCIAL SYSTEM.1. What Is Finance?
II. TIME AND RESOURCE ALLOCATION.4. The Time Value of Money and Discounted Cash Flow Analysis.
III. VALUATION MODELS.7. Principles of Asset Valuation.
IV. RISK MANAGEMENT AND PORTFOLIO THEORY.10. An Overview of Risk Management and Portfolio Selection.
V. ASSET PRICING.13. The Capital Asset Pricing Model.
IV. CORPORATE FINANCE.16. Capital Structure.