There are several fundamental principles that guide managerial finance. These principles are:
Security prices reflect all available information. While the 15th edition acknowledges behavioral finance (irrational markets), it teaches managers that consistently "timing the market" or beating the stock index is statistically near impossible. principles of managerial finance 15th edition
Purchase the loose-leaf version with MyLab access code if you are currently enrolled in a class. If you are a self-learner, buy a used hardcover of the 14th or 15th edition, but ensure it comes with the answer key. Master the Time Value of Money tables in Chapter 4, and the rest of the book will fall into place. principles of managerial finance 15th edition