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ees. Our goal is to provide you with both this theoretical underpinning and a practical skill-set. To this end we have developed several integrating features that will help you to keep the big picture of value-maximization in mind while you are honing your analytical skills. First, every chapter starts off with a series of inte-

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2 Among 8th grade students nicotine vaping in the past 30 days increased 2.6 percentage points from 3.5% to 6.1%. This is the second largest increase ever recorded for this grade. To “vape” is to use a device such an e-cigarette to inhale an aerosol that the device creates by heating a liquid