Fundamentals of Financial Management, 12th Edition

  • includes Thomson ONE - Business School Edition 6-Month Printed Access Card
  • Eugene F. Brigham University of Florida
  • Joel F. Houston University of Florida
  • ISBN-10: 0324597703
  • ISBN-13: 9780324597707
  • 752 Pages Hardcover 
  • Previous Editions: 2007, 2004, 2001
  • © 2010 | Published
  • College Bookstore Wholesale Price = $269.25 
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About The Solution

Overview

Trust the market-leading author team that is First in Finance to help put your students on the forefront of understanding today's corporate finance and financial management. Brigham/Houston's FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E offers a unique balance of clear concepts, contemporary theory and practical applications in a dynamic text that continues to set the standard for quality, reliability, accuracy, and innovation. The renowned author team's emphasis on Time Value of Money (TVM) is now repositioned, allowing students to immediately begin using the concepts after learning them. The book's strong foundation in the basics is punctuated with timely real-world examples, proven end-of-chapter applications, Integrated Cases, and Excel spreadsheet models that make it easier for students to understand the how and why of corporate budgeting, financing, and working capital decision making. The latest financial innovations continue throughout a comprehensive support package prepared by the text authors to ensure reliable consistency. Students can access THOMSON ONE-BUSINESS SCHOOL EDITION, the same financial online database used by professionals every day, as well as another first--APLIA FOR FINANCE, the leading homework solution in educational publishing today. Let Brigham/Houston's FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E keep you and your students first in finance with success after success.


Additional Product Information

Features/Benefits

  • UNIQUE BALANCE OF THEORY AND PRACTICE SETS BOOK APART --A hallmark strength that has made this leading text truly first in finance, Brigham and Houston clearly introduce important financial theories using a unique, practically focused presentation. Students see how theories and trends are applied through proven learning features, a wealth of real-world examples, practical problem sets, and integrated mini-cases.
  • RELIABLE PRESENTATION PROVIDES TRUSTED ACCURACY --This leading finance author team's meticulous attention to detail and time-tested content deliver a complete text and package of author-written supplements that you can trust with confidence in your course.
  • PROFESSIONAL POWER OF THOMSON ONE - BUSINESS SCHOOL EDITION (BSE) GIVES STUDENTS ACTUAL FINANCIAL TOOLS --Bring concepts to life as students complete basic financial research and analysis using the same tool that professional brokers and analysts use every day--Thomson ONE-BSE online database. Students access leading financial data sources, including Thomson Financial, Worldscope, SEC Disclosure, Datastream and more, to complete special Thomson ONE-BSE end-of-chapter problems in the text.
  • AUTHOR-WRITTEN SUPPLEMENTS ENSURE CONSISTENT QUALITY --You find the same level of accuracy and precision crafting that has made this text first in finance throughout all of this edition's supplements. Prepared by the text authors to ensure consistency, this seamless and integrated package includes a sizeable, revised test bank, particularly useful for professors with large course enrollments.
  • RENOWNED CONTEMPORARY AUTHOR TEAM ENSURES INNOVATIVE APPROACH --This premier authorship team combines the extensive teaching background and more than 30 of text writing experience of Gene Brigham with the recognized contemporary scholarship and forward thinking of Joel Houston to deliver a consistently innovative approach that's first in finance today.
  • FOCUSED SELF-TEST PROBLEMS ENSURE UNDERSTANDING --Self-test Problems for students appear immediately after each major section of the chapter and allow students to test their comprehension before moving ahead, instead of waiting until the conclusion of the chapter.
  • ETHICS COVERAGE REFLECTS TODAY'S CHALLENGES --Significant ethics coverage in this edition allows you to easily and time-efficiently locate and integrate material on this important topic at appropriate points within your course.
  • EXCEL APPLICATIONS AND INTEGRATED SPREADSHEET MODELS HELP STUDENTS UNDERSTAND CONCEPTS --More than just Excel templates, Integrated Spreadsheet Models accompany each chapter (except Ch. 1) and assist students in developing effective techniques for financial problem solving. Applications help students understand finance concepts rather than simply memorize finance equations. Spreadsheet models also serve as tutorials that demonstrate how to maximize Excel as a powerful finance tool.

What's New

  • APLIA FOR FINANCE SAVES TIME AND SUPPORTS INTERACTIVE LEARNING --This fastest-growing online interactive learning solution for finance saves you time and makes finance relevant and engaging. Your students perform better with this trusted homework solution's text-correlated real-time interactive tutorials, online experiments, and news analyses. You save time with automatically graded problem sets. Ensure your students are consistently well prepared for class with this leading online course management system.
  • IMPROVED TIME VALUE OF MONEY (TVM) COVERAGE ALLOWS STUDENTS TO IMMEDIATELY PRACTICE CONCEPTS --Based on feedback from instructors like you, TVM coverage has moved from Chapter 2 to Chapter 5 to provide a stronger foundation and seamless flow into the material that immediately follows. Instead of waiting, students are able to begin applying TVM concepts immediately after learning them, which deepens their understanding.
  • STRONGER TEST BANK OFFERS UNLIMITED FLEXIBILITY WITH ALGORITHMIC PROBLEMS --This thoroughly revised, substantial test bank helps you effectively test students' knowledge with 1,200 class-tested questions and problems, including new multiple-choice questions and a new True/False section. New algorithmic questions allow you to create virtually unlimited numbers of questions or versions of the test, which is ideal if you are teaching a large number of students.
  • NEW KEY LEARNING OBJECTIVES GUIDE STUDENT LEARNING --Effective Learning Objectives, added to the beginning of every chapter in this edition, clearly direct students' attention to key concepts and ideas.

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Printed Text + CengageNOW Instant Access Code
ISBN-10:  1111697868 | ISBN-13:  9781111697860
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  • Fundamentals of Financial Management
    List Price = $363.95  | CengageBrain Price = $290.99  | College Bookstore Wholesale Price = $269.25
  • CengageNOW Instant Access Code
    List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


Table of Contents

PART I: INTRODUCTION TO FINANCIAL MANAGEMENT.
1. An Overview of Financial Management.
PART II: FUNDAMENTAL CONCEPTS IN FINANCIAL MANAGEMENT.
2. Financial Markets and Institutions.
3. Financial Statements, Cash Flow, and Taxes.
4. Analysis of Financial Statements.
5. Time Value of Money.
PART III: FINANCIAL ASSETS.
6. Interest Rates.
7. Bonds and Their Valuation.
8. Risk and Rates of Return.
9. Stocks and Their Valuation.
PART IV: INVESTING IN LONG-TERM ASSETS: CAPITAL BUDGETING.
10. The Cost of Capital.
11. The Basics of Capital Budgeting.
12. Cash Flow Estimation and Risk Analysis.
13. Real Options and Other Topics in Capital Budgeting.
PART V: CAPITAL STRUCTURE AND DIVIDEND POLICY.
14. Capital Structure and Leverage.
15. Distributions to Shareholders: Dividends and Share Repurchases.
PART VI: WORKING CAPITAL AND FINANCIAL PLANNING.
16. Working Capital Management.
17. Financial Planning and Forecasting.
PART VII: SPECIAL TOPICS IN FINANCIAL MANAGEMENT.
18. Derivatives and Risk Management.
19. Multinational Financial Management.
20. Hybrid Financing: Preferred Stock, Leasing, Warrants, and Convertibles.
21. Mergers and Acquisitions.

Products Included

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.

CengageNOW Instant Access Code  (ISBN-10: 0538754230 | ISBN-13: 9780538754231)

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


Study Guide  (ISBN-10: 0324601077 | ISBN-13: 9780324601077)

Give your students essential support as this invaluable tool, written by the text authors, lists key learning objectives for each chapter, outlines key sections, provides self-test questions, and a set of problems similar to those in the text and the Test Bank with fully worked-out solutions.

List Price = $69.95  | CengageBrain Price = $69.49  | College Bookstore Wholesale Price = $51.75


Test Bank  (ISBN-10: 0324601085 | ISBN-13: 9780324601084)

This significantly revised Test Bank provides more than 1,200 class-tested questions and problems in printed or electronic form. Each question includes information regarding the topic, degree of difficulty, correct answers, and complete solutions for all numerical problems. The Test Bank is also available in Microsoft Word on the password-protected instructor portion of the text's companion web site (academic.cengage.com/brigham) or on the Instructor's Resource CD.


Instructor's Resource CD-ROM  (ISBN-10: 0324601026 | ISBN-13: 9780324601022)

Place the key teaching resources you need at your fingertips with this all-in-one resource. You'll save time and create a dynamic course as this instructor's resource system includes digital versions of the Instructor's Manual, Word Test Bank, spreadsheet models, solutions to spreadsheet problems, and PowerPoint® presentation slides. All content is arranged to maximize accessibility and minimize search time.


Spreadsheet Models  (ISBN-10: 0324601093 | ISBN-13: 9780324601091)

Easily illustrate the application of spreadsheets to finance concepts using Spreadsheet Models and the book's Integrated Case data. Much more then just Excel templates, these spreadsheet models serve as tutorials to enhance students' understanding of how to best utilize Excel as a powerful finance tool. Spreadsheet models are available on the Instructor's Resource CD-ROM and product support website: academic.cengage.com/brigham.


ExamView®  (ISBN-10: 0324601034 | ISBN-13: 9780324601039)

Make test preparation, scoring and grading easy with this reliable testing software. This fully customizable algorithmic test bank allows you to create unlimited variations of each test. You can easily convert multiple-choice questions and problems into free-response questions. In addition, you can edit, add to, or alter questions to create different versions of a test or modify a test to cover specific topics.


Instructor's Manual  (ISBN-10: 0324601050 | ISBN-13: 9780324601053)

Find the resources and solutions you need as this comprehensive manual contains answers to all text questions and problems as well as detailed solutions to the Integrated Cases. You'll also find descriptions of how to effectively use the other text support material available as well as a time-saving sample syllabus and course schedule. For your convenience, a digital version of the Instructor's Manual is available on the Instructor's Resource CD-ROM and on the secure, password-protected instructor's portion of the text's companion web site: academic.cengage.com/brigham.


Preparing for Finance  (ISBN-10: 0324651139 | ISBN-13: 9780324651133)

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Cases in Financial Management  (ISBN-10: 032430725X | ISBN-13: 9780324307252)

These cases are designed to be used in advanced undergraduate corporate finance courses or Graduate/MBA corporate finance courses. There may also be appropriate to Honors sections of UG Corporate Finance or top undergraduate business schools in the country. These 14 new cases look at corporate financing decisions faced by a single company-PNC-including risk analysis, valuation, bond and stock valuation, cost of capital, capital budgeting: basic analysis, capital budgeting: risk and real options, capital structure, dividends and repurchases, financial forecasting, working capital management, leasing, mergers, and venture capital.

List Price = $67.95  | CengageBrain Price = $60.99  | College Bookstore Wholesale Price = $50.50


Student Supplements

Student 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.

Fundamentals of Financial Management (Book Only)  (ISBN-10: 0324597711 | ISBN-13: 9780324597714)

List Price = $343.95  | College Bookstore Wholesale Price = $254.50


Aplia Instant Access  (ISBN-10: 1111927618 | ISBN-13: 9781111927615)

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List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


CengageNOW Instant Access Code  (ISBN-10: 0538754230 | ISBN-13: 9780538754231)

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Study Guide  (ISBN-10: 0324601077 | ISBN-13: 9780324601077)

Earn the grade you want in your course with the help of this invaluable tool. This Study Guide lists key learning objectives for each chapter, outlines key sections, provides self-test questions, and a set of problems similar to those in the book and those that may be used on tests, with fully worked-out solutions.

List Price = $69.95  | CengageBrain Price = $69.49  | College Bookstore Wholesale Price = $51.75


Preparing for Finance  (ISBN-10: 0324651139 | ISBN-13: 9780324651133)

Now you can earn the grade you need in your finance course with the help of proven, interactive tutorials that help you prepare for today's finance course. Interactive tutorials help you overcome any deficiencies in prerequisite math, accounting, economics, and statistics. Aplia also includes tutorials on using financial calculators.

List Price = $131.95  | College Bookstore Wholesale Price = $97.75


Cases in Financial Management  (ISBN-10: 032430725X | ISBN-13: 9780324307252)

These cases are designed to be used in advanced undergraduate corporate finance courses or Graduate/MBA corporate finance courses. They are available bound as one casebook through January 2005, they are also available online to create your own custom casebook at http://www.textchoice2.com.

List Price = $67.95  | CengageBrain Price = $60.99  | College Bookstore Wholesale Price = $50.50


Meet the Author

About the Author

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.

Joel F. Houston

Joel F. Houston is the John B. Hall Professor of Finance at the University of Florida. He received his M.A. and Ph.D. from the Wharton School at the University of Pennsylvania, and his undergraduate degree from Franklin and Marshall College. Prior to his appointment at the University of Florida, Dr. Houston was an Economist at the Federal Reserve Bank of Philadelphia. Joel's research is primarily in the areas of corporate finance and financial institutions, and his work has been published in a number of top journals including THE JOURNAL OF FINANCE, JOURNAL OF FINANCIAL ECONOMICS, JOURNAL OF BUSINESS, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS AND FINANCIAL MANAGEMENT. Professor Houston also currently serves as an Associate Editor for the JOURNAL OF MONEY, CREDIT AND BANKING, the JOURNAL OF FINANCIAL SERVICES RESEARCH and the JOURNAL OF FINANCIAL ECONOMIC POLICY. Since arriving at the University of Florida in 1987, Joel has received 19 teaching awards, and has been actively involved in both undergraduate and graduate education. In addition to co-authoring leading textbooks in financial management, Dr. Houston has participated in management education programs for the PURC/World Bank Program, Southern Company, Exelon Corporation and Volume Services America. Joel enjoys playing golf and tennis and spending time with his wife (Sherry) and two children (Chris and Meredith). He is an avid sports fan who follows the Florida Gators, and the Pittsburgh Steelers, Pirates and Penguins.

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