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Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements.

Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance. Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting. Features new to this ...

Serving as a companion to "The Capital Budgeting Decision", this volume examines the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. It also emphasizes the application of capital budgeting techniques to a variety of issues.

Provides a comprehensive introduction to corporate finance.This is a reprint