This new international edition provides increased coverage of the procedures for estimating the cost of capital, expanded coverage of risk management techniques and the use and misuse of derivatives, and additional coverage of agency problems. This is pleased to present this Global Edition, which has been developed specifically to meet the needs of international finance students. In addition to updates on the financial crisis and other current events, new material has been added to make the content more relevant and improve learning outcomes for the international student. This book describes the theory and practice of corporate finance. This Global Edition has been adapted to meet the needs of courses outside of the United States and does not align with the instructor and student resources available with the US edition.