Appropriate for a one- or two-semester, second- and third-year course in Introduction to Finance, Financial Management, and Basic Finance. This new edition provides a sound foundation for introducing college or university students to the principles of financial management. Its most outstanding characteristics are its readability, clarity of presentation, step-by-step approach to solving problems, and numerous readings that provide insight into financial concepts as applied by real companies, both large and small. The text introduces students to the ten principles or axioms of finance, which are presented in an intuitively appealing manner in Ch. 1 and integrated throughout thereafter. These axioms provide students with a cohesive, interrelated perspective from which future problems can be approached.