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You can find other great books like those written by Myers, Ross and so on. They all give a good overview of corporate finance issues. But something is missing in all these books: a more friendly and a less institutional approach. You can find that in the book written by Balbirer and Shapiro.
In my opinion, you can use this book in two ways. Either you are looking for a particular issue. Then you will see how this book is well organized and how the content is strong, concise and interesting. Or you can do like I did. Read this book for pleasure and enjoy how the authors reformulate the same point, the same ideas in three or four different ways in the same paragraph to make sure that you can understand. And that is the main strenght of this book. Whatever topic you pick up in ordinaries (even excellent) Finance books, you might have to read a paragraph two or three times to really get it. In this one, just enjoy how the authors try to take different perspectives to explain things...only one reading is required to understand!
I think this book is more appropriate for undergraduate students even if it is a great introductory book for MBA students or people without any financial background. It covers a lot of different topics so you can consider that as a first (strong) or a secondary Corporate Finance book. However, I don't think that it would be appropriate for very advanced Finance major students. The latter could however consider it as their new reference books where they can come to pick up some information they might have forgotten in previous classes.
My advice...just by it or you will miss something.
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Perhaps you have seen the Olivier film based on Henry V in which, during the first 12-15 minutes, the viewer is transported back to the Elizabethan Age, to the London theatre world, and to the stage on which Shakespeare's play was performed. Brief scenes backstage are included. When reading this book, I had the same sense of being allowed limited access. Only when the two audio CDs are heard are the unique talents of the various performers brought to life. I view the book as being supplementary to the CDs. Together, they provide exceptional entertainment to those who enjoy comedic improvisation.
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