Principles of Finance
Give your students a strong foundation in contemporary finance using the latest PRINCIPLES OF FINANCE, 5E by leading finance authors Besley and Brigham. This dynamic survey text addresses today's most relevant financial concepts as students examine current financial markets and institutions, investments, and managerial finance. An ideal choice for corporate finance topics, this edition is more practical than ever before. New Learning Objectives, Chapter Summaries, and in-chapter Self Tests ensure readers fully understanding concepts, while revised coverage further clarifies the presentation of time value of money and other complex concepts. When relevant, this edition now discusses the impact of the 2007-2009 financial market meltdown on finance today and clearly connects topics to students' personal finance decisions. Students see how concepts influence both immediate and long-term common financial decisions. Students learn to use spreadsheets for financial decisions and financial problem solving. The book's modular format allows you to present concepts in the order that best suits your course. The book begins by discussing principles of financial systems and business organizations, then addresses valuation concepts and corporate decision making and concludes with investment fundamentals.Count on PRINCIPLES OF FINANCE, 5E to offer the diversity of coverage and practical strengths your students need for success.
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2011 Cengage Learning accounts amount analysis annual Argile Argile’s average balance sheet bank beta beta coefficient bonds borrow capital budgeting capital gains capital structure cash flows chapter common equity common stock company’s compute copied Copyright 2011 Cengage corporate cost of capital current assets debt decisions deposits depreciation discount Due to electronic duplicated EBIT eBook and/or eChapter(s economic effect electronic rights equal Equation example financial markets firm firm’s forecast funds future growth income increase inflation interest rates inventory investment investors issue leverage liabilities loan long-term margin maturity million operating P/E ratio paid payments percent period portfolio preferred stock present value purchase rate of return ratio required rate result retained earnings Rights Reserved scanned securities Self-Test Problem sell share short-term stock price stockholders suppressed tax rate third party content Total assets trading WACC whole yield curve