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This book is an introduction to corporate finance. It focuses on how companies invest in real assets, how they raise the money to pay for their investments, and how those assets contribute to the value of the firm. It also provides a broad overview of the financial landscape, discussing, for example, the major players in financial markets, the role of financial institutions in the economy, and how securities are traded and valued by investors.
The first edition of this textbook appeared more than three decades ago. The intervening years have witnessed a period of rapid, profound, and ongo- ing change in the investments industry.
Rare earth elements are an increasingly important commodity in modern manufacturing.