This 2nd edition contains cases in the form of Conceptual Cases and Business Application Cases developed for select chapters. Numbers of Illustrations (solved examples) are increased in most of the chapters & new problems (unsolved exercises) are also added. It contains four new chapters 'Valuation of Securities', 'Risk and Return', 'Corporate Risk Management' and 'Options'. In the last chapter, 'Cases in Financial Management', comprehensive cases have been introduced. Out of these, three cases along with illustrated case analysis are given. Additionally, ten unsolved comprehensive cases are given. The book has self-evaluation exercises that have been appended at the end of each chapter.