For introductory courses in managerial finance. Using financialconcepts to solve real-world problems with a proven teaching and learningframework The Teaching and Learning System — a hallmark feature of Principlesof Managerial Finance — weaves pedagogy into concepts andpractice, giving students a roadmap to follow through the text andsupplementary tools. The 16th Edition concentrates on thematerial students need to know in order to make effective financial decisionsin an increasingly competitive business environment. It allows students to makethe connections between a firm’s action and its value, as determined in the financialmarket. With a large number of examples, this text is an easily accessibleresource for in- and out-of-class learning.