Buy Corporate Finance: A Focused Approach, 7th Edition PDF ebook by author Michael C. Ehrhardt; Eugene F. Brigham – published by Cengage Learning in 2020 and save up to 80% compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also highlight, add text, underline add post-it notes, bookmarks to pages, instantly search for the major terms or chapter titles, etc.
You can search our site for other versions of the Corporate Finance: A Focused Approach, 7th Edition PDF ebook. You can also search for others PDF ebooks from publisher Cengage Learning, as well as from your favorite authors. We have thousands of online textbooks and course materials (mostly in PDF) that you can download immediately after purchase.
Note: e-textBooks do not come with access codes, CDs/DVDs, workbooks, and other supplemental items.
- Full title: Corporate Finance: A Focused Approach, 7th Edition
- Edition: 7th
- Copyright year: 2020
- Publisher: Cengage Learning
- Author: Michael C. Ehrhardt; Eugene F. Brigham
- ISBN: 9781337910231, 9781337910231
- Format: PDF
Description of Corporate Finance: A Focused Approach, 7th Edition:
Relevant, engaging and packed with real-world examples, Ehrhardt/Brigham’s CORPORATE FINANCE: A FOCUSED APPROACH, Seventh Edition, emphasizes the financial concepts, skills and technological applications you need to succeed in today’s workplace. It covers the latest financial developments while teaching you how to maximize a firm’s value in a changing business environment. Completely up to date, the text thoroughly integrates the 2017 Tax Cut and Jobs Act throughout. In addition, hands-on activities and step-by-step instruction help you master the many features and functions of Excel spreadsheets.Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Table of Contents of Corporate Finance: A Focused Approach, 7th Edition PDF ebook:
Brief ContentsContentsPrefacePart 1: The Company and Its EnvironmentChapter 1: An Overview of Financial Management and the Financial Environment1-1 The Five-Minute MBA1-2 Finance from 40,000 Feet Above1-3 The Corporate Life Cycle1-4 Governing a Corporation1-5 An Overview of Financial Markets1-6 Claims on Future Cash Flows: Types of Financial Securities1-7 Claims on Future Cash Flows: The Required Rate of Return (the Cost of Money)1-8 The Functions of Financial Institutions1-9 Financial Markets1-10 Overview of the U.S. Stock Markets1-11 Trading in the Modern Stock Markets1-12 Finance and the Great Recession of 20071-13 The Big Picturee-ResourcesSummaryQuestionsMini CaseChapter 2: Financial Statements, Cash Flow, and Taxes2-1 Financial Statements and Reports2-2 The Balance Sheet2-3 The Income Statement2-4 Statement of Stockholders’ Equity2-5 Statement of Cash Flows2-7 Free Cash Flow: The Cash Flow Available for Distribution to Investors2-8 Performance Evaluation2-9 Corporate Income Taxes2-10 Personal TaxesSummaryQuestionsSelf-Test ProblemProblemsSpreadsheet ProblemsMini CaseChapter 3: Analysis of Financial Statements3-1 Financial Analysis3-2 Profitability Ratios3-3 Asset Management Ratios3-4 Liquidity Ratios3-5 Debt Management Ratios3-6 Market Value Ratios3-7 Trend Analysis, Common Size Analysis, and Percentage Change Analysis3-8 Tying the Ratios Together: The DuPont Equation3-9 Comparative Ratios and Benchmarking3-10 Uses and Limitations of Ratio Analysis3-11 Looking beyond the NumbersSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesPart 2: Fixed Income SecuritiesChapter 4: Time Value of Money4-1 Time Lines4-2 Future Values4-3 Present Values4-4 Finding the Interest Rate, I4-5 Finding the Number of Years, N4-6 Perpetuities4-7 Annuities4-8 Future Value of an Ordinary Annuity4-9 Future Value of an Annuity Due4-10 Present Value of Ordinary Annuities and Annuities Due4-11 Finding Annuity Payments, Periods, and Interest Rates4-12 Uneven, or Irregular, Cash Flows4-13 Future Value of an Uneven Cash Flow Stream4-14 Solving for I with Irregular Cash Flows4-15 Semiannual and Other Compounding Periods4-16 Fractional Time Periods4-17 Amortized Loans4-18 Growing AnnuitiesSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemMini CaseChapter 5: Bonds, Bond Valuation, and Interest Rates5-1 Who Issues Bonds?5-2 Key Characteristics of Bonds5-3 Bond Valuation5-4 Changes in Bond Values over Time5-5 Bonds with Semiannual Coupons5-6 Bond Yields5-7 The Pre-Tax Cost of Debt: Determinants of Market Interest Rates5-8 The Risk-Free Interest Rate: Nominal (rRF) and Real (r*)5-9 The Inflation Premium (IP)5-10 The Maturity Risk Premium (MRP)5-11 The Default Risk Premium (DRP)5-12 The Liquidity Premium (LP)5-13 The Term Structure of Interest Rates5-14 Financing with Junk Bonds5-15 Bankruptcy and ReorganizationSummaryQuestionsSelf-Test ProblemProblemsSpreadsheet ProblemMini CaseSelected Additional CasesPart 3: Stocks and OptionsChapter 6: Risk and Return6-1 Investment Returns and Risk6-2 Measuring Risk for Discrete Distributions6-3 Risk in a Continuous Distribution6-4 Using Historical Data to Estimate Risk6-5 Risk in a Portfolio Context6-6 The Relevant Risk of a Stock: The Capital Asset Pricing Model (CAPM)6-7 The Relationship between Risk and Return in the Capital Asset Pricing Model6-8 The Efficient Markets Hypothesis6-9 The Fama-French Three-Factor Model6-10 Behavioral Finance6-11 The CAPM and Market Efficiency: Implications for Corporate Managers and InvestorsSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemMini CaseSelected Additional CasesChapter 7: Corporate Valuation and Stock Valuation7-1 Legal Rights and Privileges of Common Stockholders7-2 Classified Stock and Tracking Stock7-3 Stock Market Reporting7-4 Valuing Common Stocks-Introducing the Free Cash Flow (FCF) Valuation Model7-5 The Constant Growth Model: Valuation When Expected Free Cash Flow Grows at a Constant Rate7-6 The Multistage Model: Valuation When Expected Short-Term Free Cash Flow Grows at a Nonconstant R7-7 Application of the FCF Valuation Model to MicroDrive7-8 Do Stock Values Reflect Long-Term or Short-Term Cash Flows?7-9 Value-Based Management: Using the Free Cash Flow Valuation Model to Identify Value Drivers7-10 Why Are Stock Prices So Volatile?7-11 Dividend Valuation Models7-12 The Market Multiple Method7-13 Comparing the FCF Valuation Model, the Dividend Growth Model, and the Market Multiple Method7-14 Preferred StockSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesChapter 8: Financial Options and Applications in Corporate Finance8-1 Overview of Financial Options8-2 The Single-Period Binomial Option Pricing Approach8-3 The Single-Period Binomial Option Pricing Formula8-4 The Multi-Period Binomial Option Pricing Model8-5 The Black-Scholes Option Pricing Model (OPM)8-6 The Valuation of Put Options8-7 Applications of Option Pricing in Corporate FinanceSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemMini CasePart 4: Projects and Their ValuationChapter 9: The Cost of Capital9-1 The Weighted Average Cost of Capital9-2 Choosing Weights for the Weighted Average Cost of Capital9-3 The Cost of Debt9-4 Cost of Preferred Stock, rps9-5 Cost of Common Stock: The Market Risk Premium, RPM9-6 Using the CAPM to Estimate the Cost of Common Stock, rs9-7 Using the Dividend Growth Approach to Estimate the Cost of Common Stock9-8 The Weighted Average Cost of Capital (WACC)9-9 Adjusting the Cost of Equity for Flotation Costs9-10 Privately Owned Firms and Small Businesses9-11 The Divisional Cost of Capital9-12 Estimating the Cost of Capital for Individual Projects9-13 Managerial Issues and the Cost of CapitalSummaryQuestionsSelf-Test ProblemProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesChapter 10: The Basics of Capital Budgeting: Evaluating Cash Flows10-1 An Overview of Capital Budgeting10-2 The First Step in Project Analysis10-3 Net Present Value (NPV)10-4 Internal Rate of Return (IRR)10-5 Modified Internal Rate of Return (MIRR)10-6 Profitability Index (PI)10-7 Payback Period10-8 How to Use the Different Capital Budgeting Methods10-9 Other Issues in Capital BudgetingSummaryQuestionsSelf-Test ProblemProblemsSpreadsheet ProblemMini CaseSelected Additional CasesChapter 11: Cash Flow Estimation and Risk Analysis11-1 Identifying Relevant Cash Flows11-2 Analysis of an Expansion Project11-3 Risk Analysis in Capital Budgeting11-4 Measuring Stand-Alone Risk11-5 Sensitivity Analysis11-6 Scenario Analysis11-7 Monte Carlo Simulation Analysis11-8 Project Risk Conclusions11-9 Replacement Analysis11-10 Phased Decisions and Decision Trees11-11 Other Real OptionsSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesAppendix 11A: Depreciation for Tax PurposesPart 5: Corporate Valuation and GovernanceChapter 12: Corporate Valuation and Financial Planning12-1 Overview of Financial Planning12-2 Financial Planning at MicroDrive Inc.12-3 Forecasting Operations12-4 Evaluating MicroDrive’s Strategic Initiatives12-5 Projecting MicroDrive’s Financial Statements12-6 Analysis and Selection of a Strategic Plan12-7 The CFO’s Model12-8 Additional Funds Needed (AFN) EquationSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CaseChapter 13: Corporate Governance13-1 Agency Conflicts13-2 Corporate Governance13-3 Employee Stock Ownership Plans (ESOPs)SummaryQuestionsMini CasePart 6: Cash Distributions and Capital StructureChapter 14: Distributions to Shareholders: Dividends and Repurchases14-1 An Overview of Cash Distributions14-2 Procedures for Cash Distributions14-3 Cash Distributions and Firm Value14-4 Clientele Effect14-5 Signaling Hypothesis14-6 Implications for Dividend Stability14-7 Setting the Target Distribution Level: The Residual Distribution Model14-8 The Residual Distribution Model in Practice14-9 A Tale of Two Cash Distributions: Dividends versus Stock Repurchases14-10 The Pros and Cons of Dividends and Repurchases14-11 Other Factors Influencing Distributions14-12 Summarizing the Distribution Policy Decision14-13 Stock Splits and Stock Dividends14-14 Dividend Reinvestment PlansSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesChapter 15: Capital Structure Decisions15-1 An Overview of Capital Structure15-2 Business Risk and Financial Risk15-3 Capital Structure Theory: The Modigliani and Miller Models15-4 Capital Structure Theory: Beyond the Modigliani and Miller Models15-5 Capital Structure Evidence and Implications15-6 Estimating the Optimal Capital Structure15-7 Anatomy of a Recapitalization15-8 Risky Debt and Equity as an Option15-9 Managing the Maturity Structure of DebtSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesPart 7: Managing Global OperationsChapter 16: Supply Chains and Working Capital Management16-1 Overview of Supply Chain Management16-2 Using and Financing Operating Current Assets16-3 The Cash Conversion Cycle16-4 Inventory Management16-5 Receivables Management16-6 Accruals and Accounts Payable (Trade Credit)16-7 The Cash Budget16-8 Cash Management and the Target Cash Balance16-9 Cash Management Techniques16-10 Managing Short-Term Investments16-11 Short-Term Bank Loans16-12 Commercial Paper16-13 Use of Security in Short-Term FinancingSummaryQuestionsSelf-Test ProblemsProblemsSpreadsheet ProblemsMini CaseSelected Additional CasesChapter 17: Multinational Financial Management17-1 Multinational, or Global, Corporations17-2 Multinational versus Domestic Financial Management17-3 Exchange Rates17-4 The Fixed Exchange Rate System17-5 Floating Exchange Rates17-6 Government Intervention in Foreign Exchange Markets17-7 Other Exchange Rate Systems: No Local Currency, Pegged Rates, and Managed Floating Rates17-8 Forward Exchange Rates and Risk Management17-9 Interest Rate Parity17-10 Purchasing Power Parity17-11 Inflation, Interest Rates, and Exchange Rates17-12 International Money and Capital Markets17-13 Multinational Capital Budgeting17-14 International Capital Structures17-15 Multinational Working Capital ManagementSummaryQuestionsSelf-Test ProblemProblemsSpreadsheet ProblemMini CaseSelected Additional CasesApendix A: Solutions to Self-Test ProblemsAppendix B: Answers to End-of-Chapter ProblemsAppendix C: Selected EquationsGlossaryName IndexSubject Index