Financial Management: Theory & Practice
An understanding of finance theory is absolutely essential if students are to develop and implement effective financial strategies. Similarly, students simply must have a working knowledge of the financial environment. FINANCIAL MANAGEMENT: THEORY AND PRACTICE remains the only text in the market that presents a balance of financial theory and applications. Authors Brigham and Ehrhardt maintain the same four goals that have made their text a course favorite through each edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly. Plus, with access to CengageNOW for Finance as well as Thomson ONE-Business School Edition, FINANCIAL MANAGEMENT: THEORY AND PRACTICE offers the most comprehensive teaching and learning solution you will find.
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Fundamental Concepts of Financial Management
Securities and Their Valuation
Projects and Their Valuation
Corporate Valuation and Governance
Strategic Financing Decisions
Tactical Financing Decisions
Solutions to SelfTest Problems
2008 Thomson Learning after-tax analysis annual annuity assume average balance sheet bank bankruptcy beta beta coefficient bond’s bonds calculations capital budgeting capital structure CAPM Chapter common equity common stock company’s Copyright 2008 Thomson corporate cost of capital cost of equity creditors decision depreciation discount dividend dollar EBIT effect Equation estimate example expected return firm firm’s fixed assets flotation costs FM12 Ch forecast free cash flows funds future growth rate income increase inflation interest rate inventory investment investors issue lease leverage liabilities loan long-term market risk market value maturity MicroDrive MicroDrive’s million NOPAT payable payments portfolio preferred stock present value problems profit purchase rate of return ratio repurchase retained earnings Rights Reserved risk premium risk-free rate risky securities SELF-TEST sell shareholders shares short-term spreadsheet standard deviation stock price stockholders tax rate textbook’s Tool Kit.xls valuation WACC yield