KEY BENEFIT: This significant new guide to finance has a broader scope and greater emphasis on general principles than most other books of its kind, which typically focus exclusively on corporate finance. Acclaimed authors Bodie and Merton offer an approach balanced among the three "pillars" of finance–optimization over time, asset valuation, and risk management.
KEY TOPICS: Encompasses all subfields of finance within a single unifying conceptual framework. Offers the "big picture" of resource allocation over time under conditions of uncertainty. Focuses on personal finance topics, such as saving and investing, as well as asset valuation. Provides spreadsheet modeling exercises in the accompanying Prentice Hall Finance Center CD.
MARKET: Ideal for executives or for anyone seeking a solid understanding and overview of the field of finance.
An introductory textbook intended for use at the MBA or advanced undergraduate level, this book covers finance in a broad scope, encompassing corporate finance, investments, and financial institutions, and presenting a conceptual framework that unites all these aspects. Presents concepts as relevant to an international readership, not only to students in the U.S. Co-author Merton (economics, Harvard U.) was a recipient of the 1997 Nobel Prize in Economics. Annotation c. by Book News, Inc., Portland, Or.