Edition
Front Matter Preface © The McGraw−Hill
Companies, 2003
We should mention two matters of style now to
prevent confusion later. First, the most important fi-
nancial terms are set out in boldface type the first
time they appear; less important but useful terms are
given in italics. Second, most algebraic symbols rep-
resenting dollar values are shown as capital letters.
Other symbols are generally lowercase letters. Thus
the symbol for a dividend payment is “DIV,” and the
symbol for a percentage rate of return is “r.”
SUPPLEMENTS
In this edition, we have gone to great lengths to en-
sure that our supplements are equal in quality and
authority to the text itself.
Instructor’s Manual
ISBN 0072467886
The Instructor’s Manual was extensively revised and
updated by C. R. Krishnaswamy of Western Michi-
gan University. It contains an overview of each chap-
ter, teaching tips, learning objectives, challenge ar-
eas, key terms, and an annotated outline that
provides references to the PowerPoint slides.
Test Bank
ISBN 0072468025
The Test Bank was also updated by C. R. Krish-
naswamy, who included well over 1,000 new multiple-
choice and short answer/discussion questions based
on the revisions of the authors. The level of difficulty is
varied throughout, using a label of easy, medium, or
difficult.
PowerPoint Presentation System
Matt Will of the University of Indianapolis pre-
pared the PowerPoint Presentation System, which
contains exhibits, outlines, key points, and sum-
maries in a visually stimulating collection of slides.
Found on the Student CD-ROM, the Instructor’s
CD-ROM, and our website, the slides can be edited,
printed, or rearranged in any way to fit the needs of
your course.
Financial Analysis Spreadsheet Templates
(F.A.S.T.)
Mike Griffin of KMT Software created the templates
in Excel. They correlate with specific concepts in the
text and allow students to work through financial
problems and gain experience using spreadsheets.
Each template is tied to a specific problem in the text.
Solutions Manual
ISBN 0072468009
The Solutions Manual, prepared by Bruce Swensen,
Adelphi University, contains solutions to all practice
questions and challenge questions found at the end
of each chapter. Thoroughly checked for accuracy,
this supplement is available to be purchased by your
students.
Study Guide
ISBN 0072468017
The new Study Guide was carefully revised by
V. Sivarama Krishnan of Cameron University and
contains useful and interesting keys to learning. It in-
cludes an introduction to each chapter, key concepts,
examples, exercises and solutions, and a complete
chapter summary.
Videos
ISBN 0072467967
The McGraw-Hill/Irwin Finance Video Series is a
complete video library designed to bring added
points of discussion to your class. Within this profes-
sionally developed series, you will find examples of
how real businesses face today’s hottest topics, like
mergers and acquisitions, going public, and careers
in finance.
Student CD-ROM
Packaged with each text is a CD-ROM for students
that contains many features designed to enhance the
classroom experience. Three learning modules from
the new Finance Tutor Series are included on the CD:
Time Value of Money Tutor, Stock and Bond Valuation