Principles of Finance, 4th Edition

  • Scott Besley University of South Florida
  • Eugene F. Brigham University of Florida
  • ISBN-10: 0324655886
  • ISBN-13: 9780324655889
  • 880 Pages Hardcover 
  • Previous Editions: 2006, 2003, 1999
  • © 2009 | Published
  • List Price = $ 281.95
  • For quantity discounts, Contact your Representative
  • For single copy purchases, visit CengageBrain.com
 

About The Solution

Overview

Discover success in finance as you examine today's most relevant financial concepts in PRINCIPLES OF FINANCE, Fourth Edition, by leading authors Besley/Brigham. This reader-friendly, practical survey text combines coverage of financial markets and institutions, investments, and managerial finance with an emphasis on the financial tools you need for personal financial success. You will immediately see the relevance and value of the information you are learning. New features in each chapter clearly demonstrate how topics relate to your personal financial needs and can influence both immediate and long-term common financial decisions. Expanded coverage of spreadsheets within relevant chapters, appendices, and an end-of-book tutorial ensure you know how to maximize this critical tool for financial decisions. Find the diversity of coverage and practical financial strengths for success in today's course and your future beyond with Besley/Brigham's PRINCIPLES OF FINANCE, Fourth Edition.


Additional Product Information

Features/Benefits

  • Wealth of ethical dilemmas reflects today's challenges: A variety of practical ethical dilemmas throughout the book emphasize critical ethical questions prompted by actual recent world events. These ethical challenges prepare students for challenges facing individuals and corporations today.
  • Fresh Managerial Perspectives demonstrate the impact of finance: Each chapter captures students' attention from the first page with opening Managerial Perspectives that detail actual, intriguing events related to the chapter content. Clear, engaging prose demonstrates the impact of finance in today's world and in recent news.
  • Strong discussion of interest rates prepares today's student: Expanded discussion of interest rates in Chapter 5 closely examines factors that affect interest rates, forecasting interest rates, and how interest rates are determined in the financial markets. Students gain the understanding they need for future success.

What's New

  • Chapter Principles--Personal Finance relate topics to personal decisions: Capture students' attention and emphasize the practicality of what they're learning with new Chapter Principles--Personal Finance sections. This unique feature relates chapter topics to the reader's own financial needs and decisions--from the immediate evaluation of a car loan to long-term plans, such as investing for retirement.
  • Expanded emphasis on spreadsheets maximizes students' skills: Additional instruction on spreadsheets within each relevant chapter as well as throughout chapter appendices emphasizes how to best use this critical financial tool. A special end-of-the-book tutorial demonstrates how to maximize spreadsheet functions to solve financial problems, particularly those related to Time Value of Money.

Table of Contents

Part I: GENERAL FINANCE CONCEPTS.
1. An Overview of Finance.
2. Financial Assets (Instruments).
3. Financial Markets and the Investment Banking Process.
4. Financial Intermediaries and the Banking System.
5. The Cost of Money (Interest Rates).
Part II: GENERAL BUSINESS CONCEPTS.
6. Business Organizations and the Tax Environment.
7. Analysis of Financial Statements.
8. Financial Planning and Control.
Part III: FUNDAMENTALS OF VALUATION.
9. The Time Value of Money.
10. Valuation Concepts.
11. Risk and Rates of Return.
Part IV: CORPORATE DECISION MAKING.
12. The Cost of Capital.
13. Capital Budgeting.
14. Capital Structure and Dividend Policy Decisions.
15. Working Capital Management.
Part V: INVESTOR DECISION MAKING.
16. Investment Concepts.
17. Security Valuation and Selection.
Appendix A: Using Spreadsheets to Solve Financial Problems.
Appendix B: Solutions to Self-Test Problems.
Appendix C: Answers to End-of-Chapter Problems.
Appendix D: Selected Equations.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Test Bank  (ISBN-10: 0324655908 | ISBN-13: 9780324655902)

Conveniently test your students' understanding with this proven Test Bank that includes True/False questions, Multiple-Choice conceptual questions and problems, as well as Financial Calculator Multiple-Choice problems. Quick reference solutions and questions labeled by level of difficulty make the Test Bank easy to use. A Word version of the Test Bank is available on the IRCD.


PowerPoint® Slides  (ISBN-10: 0324655916 | ISBN-13: 9780324655919)

Bring your lectures to life with this comprehensive set of PowerPoint® slides that features all essential topics presented in each chapter. Students can print out slides for note-taking during class or can use the slides for chapter review. PowerPoint® slides are available on the Instructor's Resources CD-ROM (IRCD) or as a download from the Companion Website (http://academic.cengage.com/finance/besley).


Examview®  (ISBN-10: 0324655924 | ISBN-13: 9780324655926)

Make test preparation, scoring, and grading easy with this reliable test creation software. Customize tests from the proven Test Bank to meet your specific needs as ExamView® software makes it easy to add, edit, delete, or reorganize test items.


Instructor's Resource CD-ROM  (ISBN-10: 0324655932 | ISBN-13: 9780324655933)

Place all of the key teaching resources you need at your fingertips with this all-in-one, time-saving resource. You will have complete access to Word versions of the Instructor's Manual as well as the Test Bank and PowerPoint® slides.


Instructor's Manual  (ISBN-10: 0324655894 | ISBN-13: 9780324655896)

This convenient Instructor's Manual includes a wealth of suggestions for using the book's learning features and supplements. You will find tips for using ethical dilemmas as well as references to the real situations that inspired those dilemmas. You will also find suggestions for class discussion, answers to end-of-chapter questions and problems, and solutions to end-of-chapter integrative problems.


Meet the Author

About the Author

Scott Besley

Dr. Scott Besley, Associate Professor and Chair of the Department of Finance, earned his DBA and MBA degrees from Florida State University. A well-respected author and instructor, Dr. Besley has published numerous research articles in various academic journals and has co-authored two of the leading textbooks in corporate finance that are used at universities around the world. His research interests include areas of corporate finance, working capital management, governance, and investment anomalies. Dr. Besley is also a frequently requested presenter at professional conferences and is actively involved in numerous finance and professional organizations. When he is not teaching or pursuing research interests, Dr. Besley is heavily involved in his local community.

Eugene F. Brigham

Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.