Finance

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. For undergraduate Corporate Finance, MBA Finance course, and Financial Economics. *Incorporates all areas of finance - Including investments, institutions, and corporate finance. Departs from other texts, which focus almost exclusively on corporate finance. *Unifying Theme - 3 pillars of finance (optimization over time, asset valuation, and risk management) represent the basic 'laws' and principles that apply across all the topical subfields of finance. *Spreadsheet modeling exercises show students how to build their own Excel templates. *Complete integration of internationa