PRINCIPLES OF FINANCE - BRIGHAM EUGENE F, BESLEY, SCOOT (THOMSON)
Keywords: . An Overview of Finance A Managerial Perspective Career Opportunities in Finance The Importance of Finance in Nonfinance Careers Finance in the Twentieth Century The Importance of Managerial Finance Financial Decisions and Value (Wealth) Maximization Organization of the Book Summary Financial Assets (Instruments) A Managerial Perspective Financial Instruments and the Firm's Balance Sheet Debt Bond Contract Features Bond Ratings. Stock (Equity) Derivatives Rationale for Different Types of Securities Which Financial Instrument Is Best? Financial Instruments in International Markets Summary Financial Markets and the Investment Banking Process A Managerial Perspective What Are Financial Markets? Importance of Financial Markets Types of Financial Markets Stock Markets The Investment Banking Process Regulation of Securities Markets International Financial Markets Ethical Dilemma: Too High Tech ("Smoke and Mirrors" or Real Sales)? Financial Intermediaries and the Banking System A Managerial Perspective Roles of Financial Intermediaries Types of Financial Intermediaries Safety (Risk) of Financial Institutions Banking Systems International Banking Ethical Dilemma: Anything for (a) BUC? Business Organizations and the Tax Environment A Managerial Perspective Alternative Forms of Business Organization Finance in the Organizational Structure of the Firm The Goals of the Corporation Managerial Actions to Maximize Shareholder Wealth Should Earnings Per Share Be Maximized? Business Ethics Forms of Businesses in Other Countries Multinational Corporations Multinational versus Domestic Managerial Finance The Federal Income Tax System Corporate Tax Rates in Other Countries Ethical Dilemma: Chances Are That What They Don't Know Won't Hurt Them! The Cost of Money (Interest Rates) A Managerial Perspective Realized Returns (Yields) Factors That Affect the Cost of Money Interest Rate Levels The Determinants of Market Interest Rates The Term Structure of Interest Rates Other Factors That Influence Interest Rate Levels Interest Rate Levels and Stock Prices Analysis of Financial Statements A Managerial Perspective Financial Statements and Reports Ratio Analysis Comparative Ratios (Benchmarking) Uses and Limitations of Ratio Analysis Ethical Dilemma: Hocus-Pocus$1 (BLook, an Increase in Sales! Financial Planning and Control A Managerial Perspective Sales Forecasts Projected (Pro Forma) Financial Statements Other Considerations in Forecasting Financial Control$1 (BBudgeting and Leverage Breakeven Analysis Degree of Leverage Using Leverage and ForThe Time Value of Money A Managerial Perspective Cash Flow Time Lines Future Value Present Value Solving for Time and Interest Rates Future Value of an Annuity Present Value of an Annuity Solving for Interest Rates with Annuities Perpetuities Uneven Cash Flow Streams Semiannual and Other Compounding Periods Amortized Loans Comparison of Different Types of Interest Rates Appendix 9a: Using Spreadsheets to Solve Time Value of Money Problems Appendix 9b: Using Interest Tables to Solve Time Value of Money Problems Appendix 9c: Generating an Amortization Schedule for a Loan Using a Financial Calculator Appendix 9d: Computing the PV of an Uneve Cash Flow Stream Using a Financial Calculator The Cost of Capital A Managerial Perspective The Logic of the Weighted Average Cost of Capital Basic Definitions Cost of Debt, kdT Cost of Preferred Stock, kp, Cost of Retained Earnings, lc, Cost of Newly Issued Common Stock, or External Equity, keecasting for Control The Cash Budget Valuation Concepts A Managerial Perspective Basic Valuation Valuation of Financial Assets$1 (BBonds Valuation of Financial Assets$1 (BEquity (Stock) Valuation of Real (Tangible) Assets Summary Risk and Rates of Return A Managerial Perspective Defining and Measuring Risk Expected Rate of Return Portfolio Risk$1 (BHolding Combinations of Assets The Relationship Between Risk and Rates of Return Stock Market Equilibrium Physical Assets Versus Securities Different Types of Risk Ethical Dilemma: RIP$1 (BRetire in Peace Weighted Average Cost of Capital, WACC Marginal Cost of Capital, MCC Combining the MCC and Investment Opportunity Schedules Project Risk and WACC Summary . Capital Budgeting A Managerial Perspective The Importance of Capital Budgeting. Generating Ideas for Capital Projects Project Classifications Steps in the Valuation Process Estimating a Project's Cash Flows Cash Flow Estimation$1 (BIllustrations of Expansion Projects and Replacement Projects Capital Budgeting Evaluation Techniques Comparison of the NPV and IRR Methods Conclusions on the Capital Budgeting Decision Methods Incorporating Risk in Capital Budgeting Analysis How Project Risk Is Considered in Capital Budgeting Decisions Capital Rationing Multinational Capital Budgeting Ethical Dilemma: This Is a Good Investment$1 (BBe Sure the Numbers Show That It Is! Appendix 13a: Depreciation Appendix 13b: Using a Spreadsheet to Compute NPV and IRR Capital Structure and Dividend Policy Decisions A Managerial Perspective The Target Capital Structure Business and Financial Risk Determining the Optimal Capital Structure Capital Structure Theory Investment Concepts A Managerial Perspective The Investment Process Investment Alternatives Investment Information Computing Investment Returns Indexes$1 (BMeasuring Market Returns. Variations in Capital Structures Among Firms Dividend Policy Investors and Dividend Policy Dividend Policy in Practice Factors Influencing Dividend Policy Stock Dividends and Stock Splits Capital Structures and Dividend Policies Around the World Summary Working Capital Management A Managerial Perspective Working Capital Terminology The Requirement for External Working Capital Financing The Cash Conversion Cycle Working Capital Investment and Financing Policies Advantages and Disadvantages of Short-Term Financing Sources of Short-Term Financing Computing the Cost of Short-Term Credit Managing Cash and Marketable Securities Credit Management Inventory Management Multinational Working Capital Management Ethical Dilemma: Money-Back Guarantee, No Questions Asked C Alternative Investment Strategies Security Valuation and Selection A Managerial Perspective Fundamental Analysis versus Technical Analysis Economic Analysiss