The only text to strike a balance between solid financial theory and practical applications, Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 15e gives you a thorough understanding of the essential concepts you need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text serves as a complete reference tool for you in your academic or business career. The 15th edition is also available with learning solutions such as MindTap (R) Finance, Aplia (TM), and CengageNOW to help you to become First in Finance.
1: An Overview of Financial Management and the Financial Environment.
1A: An Overview of Derivatives.
1B: A Closer Look at the Stock Markets.
2: Financial Statements, Cash Flow, and Taxes.
2A: The Federal Income Tax System for Individuals.
3: Analysis of Financial Statements.
4: Time Value of Money.
4A: The Tabular Approach.
4B: Derivation of Annuity Formulas.
4C: Continuous Compounding.
5: Bonds, Bond Valuation, and Interest Rates.
5A: A Closer Look at Zero Coupon Bonds.
5B: A Closer Look at TIPS: Treasury Inflation-Protected Securities.
5C: A Closer Look at Bond Risk: Duration.
5D: The Pure Expectations Theory and Estimation of Forward Rates.
6: Risk and Return.
6A: Continuous Probability Distributions.
6B: Estimating Beta with a Financial Calculator.
7: Valuation of Stocks and Corporations.
7A: Derivation of Valuation Equations.
8: Financial Options and Applications in Corporate Finance.
9: The Cost of Capital.
9A: The Required Return Assuming Nonconstant Dividends and Stock.
10: Basics of Capital Budgeting: Evaluating Cash Flows.
10A: The Accounting Rate of Return (ARR).
11: Cash Flow Estimation and Risk Analysis.
11A: Certainty Equivalents and Risk-Adjusted Discount Rates.
12: Corporate Valuation and Financial Planning.
13: Corporate Governance.
14: Distributions to Shareholders: Dividends and Repurchases.
15: Capital Structure Decisions.
Web Extensions 15A: Degree of Leverage.
16: Supply Chains and Working Capital Management.
16A: Secured Short-Term Financing.
17: Multinational Financial Management.
18: Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks.
18A: Rights Offerings.
19: Lease Financing.
19A: Leasing Feedback.
19B: Percentage Cost Analysis.
19C: Leveraged Leases.
20: Hybrid Financing: Preferred Stock, Warrants, and Convertibles.
20A: Calling Convertible Issues.
21: Dynamic Capital Structures.
22: Mergers and Corporate Control.
22A: Projecting Consistent Debt and Interest Expenses.
23: Enterprise Risk Management.
24: Bankruptcy, Reorganization, and Liquidation.
24A: Multiple Discriminant Analysis.
25: Portfolio Theory and Asset Pricing Models.
26: Real Options.
26A: The Abandonment Real Option.
26B: Risk-Neutral Valuation.
27: Web Chapter: Providing and Obtaining Credit.
28: Web Chapter: Advanced Issues in Cash Management and Inventory Control.
29: Web Chapter: Pension Plan Management.
30: Web Chapter: Financial Management in Not-for-Profit Businesses.
APPENDIX A: Solutions to Self-Test Problems.
APPENDIX B: Answers to End-of-Problems.
APPENDIX C: Selected Equations.
APPENDIX D: Values of the Areas under the Standard Normal Distribution Function.
Series: Mindtap Course List
Tertiary; University or College
Number Of Pages: 1200
Published: 31st January 2016
Publisher: Cengage Learning, Inc
Country of Publication: US
Dimensions (cm): 26.2 x 21.0
Weight (kg): 2.06
Edition Number: 15
Edition Type: Revised