The Second Edition Update uses the most current information to cover all areas of finance focusing on the three main topic areas: markets and institutions, investments, and managerial finance. While the book's greatest emphasis is on corporate topics, the amount of detail has been carefully edited to allow room for coverage of issues that are of interest to students. Fresh data is used throughout as well as updated examples, figures, citations, and Web links to Web Exploration problems and Mini-Cases. The broad approach appeals to majors and non-majors alike by allowing students to better understand financial information for making business and personal finance decisions. Appropriate for any introductory finance course, Finance can be tailored to any desired level of topic depth using innovative Extensions.