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Financial Management: Theory and Practice (16th Edition)

Download Financial Management: Theory and Practice (16th Edition) written by Eugene F. Brigham, Michael C. Ehrhardt in PDF format. This book is under the category Finance and bearing the isbn/isbn13 number 1337902608/9781337902601; 9781337909730. You may reffer the table below for additional details of the book.

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Specifications

book-author

Eugene F. Brigham, Michael C. Ehrhardt

publisher

Cengage Learning; 16th edition

file-type

PDF

pages

1216 pages

language

English

asin

B07NDGC17T

isbn10

1337902608

isbn13

9781337902601; 9781337909730


Book Description

Emphasizing corporate valuation and its relevance to financial decisions; Brigham/Ehrhardt’s Financial Management: Theory And Practice 16th edition; PDF; (MindTap Course List) ensures you see the trees and the forest. This proven author team equips you with a thorough understanding of key theoretical concepts along with practical tools to make good and effective financial decisions. Topics expand from fundamentals to strategic finance; linking recent events to the role of finance in business as well as the student’s personal life. Completely up to date; it integrates the 2017 Tax Cut and Jobs Act throughout. With its engaging and relevant presentation; numerous great examples and current coverage; Financial Management 16th edition delivers a comprehensive resource that helps a student become “First in Finance.”

P.S We also have the Brigham/Ehrhardt’s Financial Management: Theory & Practice 16e testbank; solutions and other instructor resources for sale for everyone. Contact us for more info.

NOTE: This purchase only contains the Financial Management: Theory & Practice 16th edition PDF eBook. No online access codes are included.

book-author

Eugene F. Brigham, Michael C. Ehrhardt

publisher

Cengage Learning; 16th edition

file-type

PDF

pages

1216 pages

language

English

asin

B07NDGC17T

isbn10

1337902608

isbn13

9781337902601; 9781337909730

Table of contents


Table of contents :
Cover
Brief Contents
Contents
Preface
Part 1: The Company and Its Environment
Chapter 1: An Overview of Financial Management and the Financial Environment
1-1 The Five-Minute MBA
1-2 Finance from 40,000 Feet Above
1-3 The Corporate Life Cycle
1-4 Governing a Corporation
1-5 An Overview of Financial Markets
1-6 Claims on Future Cash Flows: Types of Financial Securities
1-7 Claims on Future Cash Flows: The Required Rate of Return (the Cost of Money)
1-8 The Functions of Financial Institutions
1-9 Financial Markets
1-10 Overview of the U.S. Stock Markets
1-11 Trading in the Modern Stock Markets
1-12 Finance and the Great Recession of 2007
1-13 The Big Picture
e-Resources
Summary
Questions
Mini Case
Chapter 2: Financial Statements, Cash Flow, and Taxes
2-1 Financial Statements and Reports
2-2 The Balance Sheet
2-3 The Income Statement
2-4 Statement of Stockholders’ Equity
2-5 Statement of Cash Flows
2-6 Net Cash Flow
2-7 Free Cash Flow: The Cash Flow Available for Distribution to Investors
2-8 Performance Evaluation
2-9 Corporate Income Taxes
2-10 Personal Taxes
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problems
Mini Case
Chapter 3: Analysis of Financial Statements
3-1 Financial Analysis
3-2 Profitability Ratios
3-3 Asset Management Ratios
3-4 Liquidity Ratios
3-5 Debt Management Ratios
3-6 Market Value Ratios
3-7 Trend Analysis, Common Size Analysis, and Percentage Change Analysis
3-8 Tying the Ratios Together: The DuPont Equation
3-9 Comparative Ratios and Benchmarking
3-10 Uses and Limitations of Ratio Analysis
3-11 Looking beyond the Numbers
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Part 2: Fixed Income Securities
Chapter 4: Time Value of Money
4-1 Time Lines
4-2 Future Values
4-3 Present Values
4-4 Finding the Interest Rate, I
4-5 Finding the Number of Years, N
4-6 Perpetuities
4-7 Annuities
4-8 Future Value of an Ordinary Annuity
4-9 Future Value of an Annuity Due
4-10 Present Value of Ordinary Annuities and Annuities Due
4-11 Finding Annuity Payments, Periods, and Interest Rates
4-12 Uneven, or Irregular, Cash Flows
4-13 Future Value of an Uneven Cash Flow Stream
4-14 Solving for I with Irregular Cash Flows
4-15 Semiannual and Other Compounding Periods
4-16 Fractional Time Periods
4-17 Amortized Loans
4-18 Growing Annuities
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problem
Mini Case
Chapter 5: Bonds, Bond Valuation, and Interest Rates
5-1 Who Issues Bonds?
5-2 Key Characteristics of Bonds
5-3 Bond Valuation
5-4 Changes in Bond Values over Time
5-5 Bonds with Semiannual Coupons
5-6 Bond Yields
5-7 The Pre-Tax Cost of Debt: Determinants of Market Interest Rates
5-8 The Risk-Free Interest Rate: Nominal (rRF) and Real (r*)
5-9 The Inflation Premium (IP)
5-10 The Maturity Risk Premium (MRP)
5-11 The Default Risk Premium (DRP)
5-12 The Liquidity Premium (LP)
5-13 The Term Structure of Interest Rates
5-14 Financing with Junk Bonds
5-15 Bankruptcy and Reorganization
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Part 3: Stocks and Options
Chapter 6: Risk and Return
6-1 Investment Returns and Risk
6-2 Measuring Risk for Discrete Distributions
6-3 Risk in a Continuous Distribution
6-4 Using Historical Data to Estimate Risk
6-5 Risk in a Portfolio Context
6-6 The Relevant Risk of a Stock: The Capital Asset Pricing Model (CAPM)
6-7 The Relationship between Risk and Return in the Capital Asset Pricing Model
6-8 The Efficient Markets Hypothesis
6-9 The Fama-French Three-Factor Model
6-10 Behavioral Finance
6-11 The CAPM and Market Efficiency: Implications for Corporate Managers and Investors
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 7: Corporate Valuation and Stock Valuation
7-1 Legal Rights and Privileges of Common Stockholders
7-2 Classified Stock and Tracking Stock
7-3 Stock Market Reporting
7-4 Valuing Common Stocks-Introducing the Free Cash Flow (FCF) Valuation Model
7-5 The Constant Growth Model: Valuation When Expected Free Cash Flow Grows at a Constant Rate
7-6 The Multistage Model: Valuation When Expected Short-Term Free Cash Flow Grows at a Nonconstant Rate
7-7 Application of the FCF Valuation Model to MicroDrive
7-8 Do Stock Values Reflect Long-Term or Short-Term Cash Flows?
7-9 Value-Based Management: Using the Free Cash Flow Valuation Model to Identify Value Drivers
7-10 Why Are Stock Prices So Volatile?
7-11 Dividend Valuation Models
7-12 The Market Multiple Method
7-13 Comparing the FCF Valuation Model, the Dividend Growth Model, and the Market Multiple Method
7-14 Preferred Stock
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Chapter 8: Financial Options and Applications in Corporate Finance
8-1 Overview of Financial Options
8-2 The Single-Period Binomial Option Pricing Approach
8-3 The Single-Period Binomial Option Pricing Formula
8-4 The Multi-Period Binomial Option Pricing Model
8-5 The Black-Scholes Option Pricing Model (OPM)
8-6 The Valuation of Put Options
8-7 Applications of Option Pricing in Corporate Finance
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problem
Mini Case
Part 4: Projects and Their Valuation
Chapter 9: The Cost of Capital
9-1 The Weighted Average Cost of Capital
9-2 Choosing Weights for the Weighted Average Cost of Capital
9-3 The Cost of Debt
9-4 Cost of Preferred Stock, rps
9-5 Cost of Common Stock: The Market Risk Premium, RPM
9-6 Using the CAPM to Estimate the Cost of Common Stock, rs
9-7 Using the Dividend Growth Approach to Estimate the Cost of Common Stock
9-8 The Weighted Average Cost of Capital (WACC)
9-9 Adjusting the Cost of Equity for Flotation Costs
9-10 Privately Owned Firms and Small Businesses
9-11 The Divisional Cost of Capital
9-12 Estimating the Cost of Capital for Individual Projects
9-13 Managerial Issues and the Cost of Capital
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Chapter 10: The Basics of Capital Budgeting: Evaluating Cash Flows
10-1 An Overview of Capital Budgeting
10-2 The First Step in Project Analysis
10-3 Net Present Value (NPV)
10-4 Internal Rate of Return (IRR)
10-5 Modified Internal Rate of Return (MIRR)
10-6 Profitability Index (PI)
10-7 Payback Period
10-8 How to Use the Different Capital Budgeting Methods
10-9 Other Issues in Capital Budgeting
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 11: Cash Flow Estimation and Risk Analysis
11-1 Identifying Relevant Cash Flows
11-2 Analysis of an Expansion Project
11-3 Risk Analysis in Capital Budgeting
11-4 Measuring Stand-Alone Risk
11-5 Sensitivity Analysis
11-6 Scenario Analysis
11-7 Monte Carlo Simulation Analysis
11-8 Project Risk Conclusions
11-9 Replacement Analysis
11-10 Phased Decisions and Decision Trees
11-11 Other Real Options
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Appendix 11A: Depreciation for Tax Purposes
Part 5: Corporate Valuation and Governance
Chapter 12: Corporate Valuation and Financial Planning
12-1 Overview of Financial Planning
12-2 Financial Planning at MicroDrive Inc.
12-3 Forecasting Operations
12-4 Evaluating MicroDrive’s Strategic Initiatives
12-5 Projecting MicroDrive’s Financial Statements
12-6 Analysis and Selection of a Strategic Plan
12-7 The CFO’s Model
12-8 Additional Funds Needed (AFN) Equation
12-9 Forecasting When the Ratios Change
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Chapter 13: Corporate Governance
13-1 Agency Conflicts
13-2 Corporate Governance
13-3 Employee Stock Ownership Plans (ESOPs)
Summary
Questions
Mini Case
Part 6: Cash Distributions and Capital Structure
Chapter 14: Distributions to Shareholders: Dividends and Repurchases
14-1 An Overview of Cash Distributions
14-2 Procedures for Cash Distributions
14-3 Cash Distributions and Firm Value
14-4 Clientele Effect
14-5 Signaling Hypothesis
14-6 Implications for Dividend Stability
14-7 Setting the Target Distribution Level: The Residual Distribution Model
14-8 The Residual Distribution Model in Practice
14-9 A Tale of Two Cash Distributions: Dividends versus Stock Repurchases
14-10 The Pros and Cons of Dividends and Repurchases
14-11 Other Factors Influencing Distributions
14-12 Summarizing the Distribution Policy Decision
14-13 Stock Splits and Stock Dividends
14-14 Dividend Reinvestment Plans
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Chapter 15: Capital Structure Decisions
15-1 An Overview of Capital Structure
15-2 Business Risk and Financial Risk
15-3 Capital Structure Theory: The Modigliani and Miller Models
15-4 Capital Structure Theory: Beyond the Modigliani and Miller Models
15-5 Capital Structure Evidence and Implications
15-6 Estimating the Optimal Capital Structure
15-7 Anatomy of a Recapitalization
15-8 Risky Debt and Equity as an Option
15-9 Managing the Maturity Structure of Debt
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Part 7: Managing Global Operations
Chapter 16: Supply Chains and Working Capital Management
16-1 Overview of Supply Chain Management
16-2 Using and Financing Operating Current Assets
16-3 The Cash Conversion Cycle
16-4 Inventory Management
16-5 Receivables Management
16-6 Accruals and Accounts Payable (Trade Credit)
16-7 The Cash Budget
16-8 Cash Management and the Target Cash Balance
16-9 Cash Management Techniques
16-10 Managing Short-Term Investments
16-11 Short-Term Bank Loans
16-12 Commercial Paper
16-13 Use of Security in Short-Term Financing
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problems
Mini Case
Selected Additional Cases
Chapter 17: Multinational Financial Management
17-1 Multinational, or Global, Corporations
17-2 Multinational versus Domestic Financial Management
17-3 Exchange Rates
17-4 The Fixed Exchange Rate System
17-5 Floating Exchange Rates
17-6 Government Intervention in Foreign Exchange Markets
17-7 Other Exchange Rate Systems: No Local Currency, Pegged Rates, and Managed Floating Rates
17-8 Forward Exchange Rates and Risk Management
17-9 Interest Rate Parity
17-10 Purchasing Power Parity
17-11 Inflation, Interest Rates, and Exchange Rates
17-12 International Money and Capital Markets
17-13 Multinational Capital Budgeting
17-14 International Capital Structures
17-15 Multinational Working Capital Management
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Part 8: Tactical Financing Decisions
Chapter 18: Public and Private Financing: Initial Offerings, Seasoned Offerings, Investment Banks
18-1 The Financial Life Cycle of a Start-Up Company
18-2 The Decision to Go Public
18-3 The Process of Going Public: An Initial Public Offering
18-4 Equity Carve-Outs: A Special Type of IPO
18-5 Other Ways to Raise Funds in the Capital Markets
18-6 Investment Banking Activities
18-7 The Decision to Go Private
Summary
Questions
Self-Test Problems
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 19: Lease Financing
19-1 Types of Leases
19-2 Reporting Leases on Financial Statements
19-3 Lease Analysis: Determination of Tax Status by the Internal Revenue Service (IRS)
19-4 Lease Analysis: Non-Tax-Oriented Leases
19-5 Lease Analysis: Tax-Oriented Lease
19-6 Evaluation by the Lessor
19-7 Leases, Taxes, and the 2017 Tax Cuts and Jobs Act
19-8 Other Issues in Lease Analysis
19-9 Other Reasons for Leasing
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 20: Hybrid Financing: Preferred Stock, Warrants, and Convertibles
20-1 Preferred Stock
20-2 Warrants
20-3 Convertible Securities
20-4 A Final Comparison of Warrants and Convertibles
20-5 Reporting Earnings When Warrants or Convertibles Are Outstanding
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Part 9: Strategic Finance in a Dynamic Environment
Chapter 21: Dynamic Capital Structures and Corporate Valuation
21-1 The Adjusted Present Value (APV) Approach
21-2 The Modigliani and Miller Models
21-3 The Compressed Adjusted Present Value (CAPV) Model
21-4 The Free Cash Flow to Equity (FCFE) Model
21-5 Multistage Valuation When the Capital Structure Is Stable
21-6 Illustration of the Three Valuation Approaches for a Constant Capital Structure
21-7 Analysis of a Dynamic Capital Structure
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 22: Mergers and Corporate Control
22-1 Rationale for Mergers
22-2 Types of Mergers: Business Types, Acquisition Methods, and Hidden Liabilities
22-3 Level of Merger Activity
22-4 Hostile versus Friendly Takeovers
22-5 Merger Regulation
22-6 Overview of Merger Analysis
22-7 Estimating a Target’s Value
22-8 Setting the Bid Price
22-9 Who Wins: The Empirical Evidence
22-10 The Role of Investment Bankers
22-11 Other Business Combinations
22-12 Divestitures
22-13 Merger Tax Treatments
22-14 Financial Reporting for Mergers
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Cases
Chapter 23: Enterprise Risk Management
23-1 Reasons to Manage Risk
23-2 An Overview of Enterprise Risk Management
23-3 A Framework for Enterprise Risk Management
23-4 Categories of Risk Events
23-5 Foreign Exchange (FX) Risk
23-6 Commodity Price Risk
23-7 Interest Rate Risk
23-8 Project Selection Risks
23-9 Managing Credit Risks
23-10 Risk and Human Safety
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Chapter 24: Bankruptcy, Reorganization, and Liquidation
24-1 Financial Distress and Its Consequences
24-2 Issues Facing a Firm in Financial Distress
24-3 Settlements without Going through Formal Bankruptcy
24-4 Federal Bankruptcy Law
24-5 Reorganization in Bankruptcy (Chapter 11 of Bankruptcy Code)
24-6 Liquidation in Bankruptcy
24-7 Anatomy of a Bankruptcy: Transforming the GM Corporation into the GM Company
24-8 Other Motivations for Bankruptcy
24-9 Some Criticisms of Bankruptcy Laws
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Case
Part 10: Special Topics
Chapter 25: Portfolio Theory and Asset Pricing Models
25-1 Efficient Portfolios
25-2 Choosing the Optimal Portfolio
25-3 The Basic Assumptions of the Capital Asset Pricing Model
25-4 The Capital Market Line and the Security Market Line
25-5 Calculating Beta Coefficients
25-6 Empirical Tests of the CAPM
25-7 Arbitrage Pricing Theory
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Selected Additional Case
Chapter 26: Real Options
26-1 Valuing Real Options
26-2 The Investment Timing Option: An Illustration
26-3 The Growth Option: An Illustration
26-4 Concluding Thoughts on Real Options
Summary
Questions
Self-Test Problem
Problems
Spreadsheet Problem
Mini Case
Appendices
Appendix A: Solutions to Self-Test Problems
Appendix B: Answers to End-of-Chapter Problems
Appendix C: Selected Equations
Glossary and Indexes
Glossary
Name Index
Subject Index

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