Principles of Finance

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Cengage Learning, Jun 25, 2013 - Business & Economics - 816 pages
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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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Contents

General Business Concepts
159
Fundamentals of Valuation
297
Corporate Decision Making
443
Investor Decision Making
649
Appendix A Using Spreadsheets to Solve Financial Problems
735
Appendix B Answers to EndofChapter Problems
747
Appendix C Selected Equations
757
Index
769
Copyright

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About the author (2013)

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.

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