Intermediate financial theory provides clear and concise descriptions of the new and classic concepts in financial theory. Professors keeps the theory accessible by requiring very little mathematical background and stead focusing on clear explanations of key concepts.*Completely updated edition of classic textbook that fills a gap between MBA level texts and PHD level texts *Focuses on clear explanations of key concepts and requires limited mathematical prerequisites *Online solutions manual available * Updates includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor