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"Financial Management, 12th Edition" by I.M. Pandey is a comprehensive textbook that integrates theoretical concepts with practical applications in financial management. It begins by discussing fundamental concepts such as value and return, the relationship between risk and return, and the valuation of shares and bonds. This foundational knowledge enables readers to grasp various theories, methods, decision criteria, and financial policies essential for effective fund management and value enhancement within a firm.The book is structured to facilitate understanding for readers, including those without a financial background. Each chapter concludes with key concepts, serving as a useful reference. Additionally, the book includes solved illustrations demonstrating how theoretical concepts can be applied to solve problems and make decisions. Real-life examples are also incorporated to illustrate the practical applications of finance theories.