Develop the strong foundation in contemporary finance needed for success with PRINCIPLES OF FINANCE, 5E by leading authors Besley and Brigham. This practical book addresses today's most relevant financial concepts as readers examine current financial markets and institutions, investments, and managerial finance.
This edition is more practical than ever before with revised presentations that further clarify time value of money and other complex concepts. When relevant, this edition discusses the impact of the 2007-2009 financial market meltdown on finance today and connects topics to reader's personal finance decisions. Reader clearly see how concepts influence both immediate and long-term common financial decisions and increase their proficiency in using spreadsheets for financial decisions and financial problem solving.
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.
Appendix 6A: 2011 Tax Rate Schedule.
7 Analysis of Financial Statements.
8 Financial Planning and Control.
Appendix 8A: Projected Financial Statements--Including Financing Feedbacks.
Part III: FUNDAMENTALS OF VALUation.
9 The Time Value of Money.
Appendix 9A: Generating an Amortization Schedule--Financial Calculator Solution and Spreadsheet Solution.
10 Valuation Concepts.
11 Risk and Rates of Return.
Part IV:CORPORATE DECISION MAKING.
12 The Cost of Capital.
13 Capital Budgeting.
Appendix 13A: Depreciation.
Appendix 13B: Using a Spreadsheet to Compute NPV and IRR.
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.