Principles of Finance

This book provides a

comprehensive introduction to the fundamental principles and concepts of finance, designed to equip students

with the knowledge and skills necessary to understand and navigate the complex world of finance.At OpenStax,

we believe in the power of open education and the importance of making educational resources accessible to all.

That's why this book is licensed under a Creative Commons Attribution 4.0 International (CC BY) license. This

means that you have the freedom to distribute, remix, and build upon the content of this book, as long as you

provide attribution to OpenStax and its content contributors.We understand that every course has unique

requirements, and that's why you are free to use the entire book or select specific sections that are most relevant

to your needs. You can even customize your own version of this book, making it available to your students in

low-cost print or digital formats through your campus bookstore.For your convenience, we have also provided a

web view of the book, allowing you to link directly to specific sections in your syllabus. This flexibility empowers

you to tailor the content to suit your teaching preferences and the learning objectives of your course.Throughout

the book, you will find various artworks that have been carefully selected to enhance your understanding of the

concepts presented. Most of these artworks include detailed attributions, including the title, creator or rights

holder, host platform, and license, within the caption. If you choose to reuse any of the artworks, please ensure

that you provide the same attribution to the original source. In cases where attribution is not provided in the

text, you can use the following attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license.We

strive for accuracy and excellence in our textbooks. While our books undergo a rigorous review process, errors

can occasionally occur, and writing style guides may change over time. As a web-based resource, we have the

ability to make updates periodically to ensure the content remains up to date and pedagogically sound. If you

come across any errors or have suggestions for corrections, we encourage you to submit them through the link

on your book page on OpenStax.org. Our team of subject matter experts will review all suggestions, and we are

committed to transparency by providing a list of past errata changes on your book pageWe hope that Principles

of Finance serves as a valuable resource in your journey to understand the principles that underpin the world of

finance. OpenStax is dedicated to providing high-quality educational materials, and we are honored to be part of

your learning experience.