Preface
Bern, Switzerland
New York, NY
For all the suffering that it has caused, the global financial crisis provides a unique opportunity to review what we know or thought we knew about finance. It will challenge and enliven the teaching of finance for years to come. The third edition of Intermediate Financial Theory is affected accordingly. While our own goals for the text have not changed, many new topics have been added and many examples have been taken from recent experience. The task of reviewing the entire material in light of the financial crisis is, however, a work in progress and one that cannot be adequately undertaken within the context of periodic revisions of a textbook of reasonable length. ...
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