Description: The first course in finance for finance and business majors has traditionally focused solely on managerial (or corporate) finance. Now, many schools are indicating a need to introduce these students -- particularly the non-finance business majors -- to the other two major components of finance -- institutions and investments -- in this first course but at the same level of rigot as traditional financial management texts. The Dryden Press has answered this call with Principles of Finance. This text begins with a discussion of the principles of financial systems and business organizations, moves on to valuation concepts, and then corporate decision making (managerial finance). It concludes with coverage of investment fundamentals. Key chapters may be covered in a one-term course or supplemented with cases and outside readings for a two-term course. Chapters are written in a flexible, modular format, allowing instructors to cover the material in a different sequence if desired.

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