Introduction to Finance

RONALD W. MELICHER, 
Boulder, Colorado
EDGAR A. NORTON, 
Normal, Illinois
P R E FAC E
vii

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Author Bios
RON M E LIC H ER
is professor emeritus of fi nance and 
previously served three diff erent terms as chair of the Finance 
Division, Leeds School of Business, University of Colorado, 
Boulder. He is a past president of the Financial Management 
Association. Ron earned undergraduate, M.B.A., and doctoral 
degrees from Washington University in St. Louis, Missouri. 
While at the University of Colorado, he received several distin-
guished teaching awards and was designated a university-wide 
President’s Teaching Scholar. Ron has taught corporate fi nance 
and fi nancial strategy and valuation in M.B.A. and Executive 
M.B.A. programs in addition to entrepreneurial fi nance and 
investment banking to undergraduate students. He also has 
taught fi nancial management materials in executive education 
courses and in in-house corporate programs. His research has 
been published in major fi nance journals, including the 
Journal 
of Finance, Journal of Financial and Quantitative Analysis, 
and
 Financial Management.
He is also the coauthor of 
Entre-
preneurial Finance,
fi fth edition (Cengage Learning, 2015).
E D GA R A . NORT ON
is professor of fi nance and director 
of the Institute for Financial Planning and Analysis in the Col-
lege of Business at Illinois State University. He holds a double 
major in computer science and economics from Rensselaer 
Polytechnic Institute and received his M.S. and Ph.D. from 
the University of Illinois at Urbana–Champaign. A Chartered 
Financial Analyst (CFA), he regularly receives certifi cates 
of achievement in the fi eld of investments. He has consulted 
with COUNTRY Financial, Maersk, and the CFA Institute; 
does pro bono fi nancial planning; and is a past president of 
the Midwest Finance Association. His research has appeared 
in numerous journals, such as 
Financial Review, Journal of 
Business Venturing, 
and
 Journal of Business Ethics. 
He has 
coauthored four textbooks, including 
Introduction to Finance.