This revised and updated edition takes account of recent developments. Seminal pieces from the original edition have been retained and a large number of new articles have been added, dealing with the latest and most important new issues in the field. With over 50 percent of the book containing recent seminal pieces, it provides an up-to-date text. Areas covered by the new chapters include: interpreting changes in corporate financial policy; liquidity; raising capital; the growing role of junk bonds; managing financial risk; interest rate swaps.