Introduction to finance : markets, investments, and financial management / Ronald W. Melicher, Edgar A. Norton.

Includes bibliographical references and index.

Part 1. Institutions and markets -- The financial environment -- Money and the monetary system -- Banks and other financial institutions -- Federal Reserve System -- Policy makers and the money supply -- International finance and trade -- Part 2. Investments -- Savings and investment process -- Interest rates -- Time value of money -- Bonds and stocks: characteristics and valuations -- Securities and markets -- Financial return and risk concepts -- Part 3. Financial management -- Business organization and financial data -- Financial analysis and long-term financial planning -- Managing working capital -- Short-term business financing -- Capital budgeting analysis -- Capital structure and the cost of capital.

"The seventeenth edition of Introduction to Finance: Markets, Investments, and Financial Management builds upon the successes of its earlier editions while maintaining fresh and up-to-date coverage of the field of finance. This edition introduces several new electronic features to assist with student access to the textbook and with learning. Our text is designed to present a more-balanced first course in finance, one that offers students perspectives on financial markets, investing, and financial management. We use a successful pedagogy that reviews, first, markets and institutions;"-- Provided by publisher.