The book starts with simple scenarios in which all the inputs are clear and progresses to more complex, real-world scenarios for which the solutions become more difficult. Within this architecture, chapters build organically on concepts learned earlier. This incremental progression allows students to reuse what they have learned and to understand the effect of each new change in and of itse…
Finance is such an important part of modern life that almost everyone can benefit from understanding it better. What you may find surprising is that the financial problems facing PepsiCo or Microsoft are not really different from those facing an average investor, small business owner, entrepreneur, or family. On the most basic level, these problems are about how to allocate money. The choic…
The underlying philosophy of this book is based on a belief that any talented student can understand finance. I believe that our concepts are no more difficult than those in standard texts covering the principles of economics and that our mathematics is no more difficult than that in high school. I believe that finance is easiest when explained I really like the from basic principles and on…