Fundamentals of Corporate Finance, Global Edition, 5th edition

For undergraduate courses in corporate finance or financial management.

Help students practice and connect to real-world financial decisions
Fundamentals of Corporate Finance offers a practical introduction to modern-day core principles, arming students with a problem-solving methodology, real-life financial management practices, and an overarching valuation framework that they can apply in their future careers. Updated with new data, examples, and exercises, the 5th Edition gives students the opportunity to practice and apply course concepts, while connecting them to the latest financial issues and policy in today’s world of business.

Also available with MyLab FinanceMyLabTM is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about MyLab Finance.

With an emphasis on bridging theory to practice, the authors help students master the core concepts and solve problems that today’s practitioners face.

• EXPANDED -The Valuation Principle is presented as the foundation of all financial decision-making. The central idea is that a firm should take projects or make investments on the firm’s value by comparing the costs and benefits in equivalent terms.
• UPDATED - Coverage of the latest tax codes helps instructors keep their course current with the latest rulings and regulations.
• REVISED - Guided Problem Solutions are examples that accompany every important concept using a consistent problem-solving methodology that breaks the solution process into three steps: Plan, Execute, and Evaluate, and guides students to the correct answer.
• REVISED - Personal Finance GPS examples showcase the use of financial analysis in everyday life by setting problems in scenarios such as purchasing a new house or car, and saving for retirement.
• REVISED - Common Mistake boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations — in the classroom and in the field.

Timely, practical applications prepare students to use financial concepts in their future careers.

• Practitioner Interviews from notable professionals highlight leaders in the field and address the effects of the financial crisis.
• Financial Crisis boxes throughout tie the material to aspects of the 2007 to 2009 financial crisis, helping students to understand what impact the financial crisis had on financial systems.
• UPDATED - Data Cases and Integrative Cases give students a chance to apply the material with realistic data-analyzing exercises and problems that integrate material across chapters in each major part of the book.
• Chapter-Opening Interviews with recent college graduates now working in the field of finance underscore the relevance of the concepts to students who are encountering them for the first time.
• General Interest boxes highlight timely material from financial publications that shed light on business problems and real company practices.

Integrated support for Microsoft^® Excel^® and a financial calculator will save instructors class time while allowing students to “think finance” using the requisite tools.

• Using Excel boxes describe Excel techniques and include screenshots to serve as a guide for students using this technology.
• Excel Problems have instructor solutions and student templates available in MyLab Finance.
• Because one of the hardest parts of learning finance is mastering the jargon, math, and non-standardized notation, the authors systematically use notation boxes, numbered and labeled equations, and timelines.
• Financial Calculator instructions show the keystrokes and screenshots for how to solve problems using the HP-10BII and TI BAII Plus Professional calculators, allowing students to get just-in-time help as they study.
• Spreadsheet Tables, available in MyLab Finance as Excel files, enable students to change inputs and manipulate the underlying calculations.

To learn finance, students need to practice finance, and instructors have flexibility in designing their assignments with a wide range of problems, cases, and projects.

• Concept Check Questions at the end of each section enable students to test their understanding and target areas in which they need further review.
• End-of-Chapter Problems written personally by Berk/DeMarzo/Harford offer instructors the opportunity to assign first-rate materials to students for homework and practice with the confidence that the problems are consistent. In addition, every single problem is available in MyLab Finance, the groundbreaking homework and tutorial system that accompanies the book.
• The MyLab Finance Chapter Summary presents the key points and conclusions from each chapter, provides a list of key terms with page numbers, and indicates online practice opportunities.

Also available with MyLab Finance
MyLabTM is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about MyLab Finance.

• Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.
• Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need — when and where they need it — to be successful.
• Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust — and that keep your students engaged.
• Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

Check out the preface for a complete list of features and what's new in this edition.

With an emphasis on bridging theory to practice, the authors help students master the core concepts and solve problems that today’s practitioners face.

• The Valuation Principle is presented as the foundation of all financial decision-making. The central idea is that a firm should take projects or make investments on the firm’s value by comparing the costs and benefits in equivalent terms.
• Coverage of the latest tax codes helps instructors keep their course current with the latest rulings and regulations.
• Guided Problem Solutions are examples that accompany every important concept using a consistent problem-solving methodology that breaks the solution process into three steps: Plan, Execute, and Evaluate, and guides students to the correct answer.
• Personal Finance GPS examples showcase the use of financial analysis in everyday life by setting problems in scenarios such as purchasing a new house or car, and saving for retirement.
• Common Mistake boxes alert students to frequently made mistakes stemming from misunderstanding core concepts and calculations -- in the classroom and in the field.

Timely, practical applications prepare students to use financial concepts in their future careers.

• Data Cases and Integrative Cases give students a chance to apply the material with realistic data-analyzing exercises and problems that integrate material across chapters in each major part of the book.

Check out the preface for a complete list of features and what's new in this edition.