Targeting readers with backgrounds in economics, _Intermediate Financial Theory, Third Edition_ includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, _Intermediate Financial Theory_ is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory. * Completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts * Focuses on clear explanations of key concepts and requires limited mathematical prerequisites * Online solutions manual available * Updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor