Now you can learn corporate finance your way with Besley/Brigham's popular CFIN7 and MindTap digital resources from 4LTR Press. CFIN7 combines a reader-friendly, affordable printed book with innovative online study tools and unique tear-out review cards. It's a solution based on extensive research into learning preferences, guided by input from students like you. This easy-reference, paperback text introduces corporate finance today with concise, visually driven chapters that use straightforward language and meaningful examples and applications that make it easy to understand important finance concepts. Updates discuss trends and changes as recent as the impact of COVID-19 pandemic, while new spreadsheet problems and expanded practice opportunities ensure you understand what you've read. Now add in MindTap digital resource study tools with the full text that's compatible with mobile devices, instant access to assignments and documents from your instructor, and you have everything you need for success all in one place.
Part I: INTRODUCTION TO MANAGERIAL FINANCE.
1. An Overview of Managerial Finance.
Part II: ESSENTIAL CONCEPTS IN MANAGERIAL FINANCE.
2. Analysis of Financial Statements.
3. The Financial Environment: Markets, Institutions, and Investment Banking.
4. Time Value of Money.
Part III: VALUATION--FINANCIAL ASSETS.
5. The Cost of Money (Interest Rates).
6. Bonds (Debt) --Characteristics and Valuation.
7. Stocks (Equity) --Characteristics and Valuation.
8. Risk and Rates of Return.
Part IV: VALUATION--REAL ASSETS (CAPITAL BUDGETING).
9. Capital Budgeting Techniques.
10. Project Cash Flows and Risk.
Part V: COST OF CAPITAL AND CAPITAL STRUCTURE CONCEPTS.
11. The Cost of Capital.
12. Capital Structure.
13. Distribution of Retained Earnings: Dividends and Stock Repurchases.
Part VI: WORKING CAPITAL MANAGEMENT.
14. Managing Short-term Financing (Liabilities).
15. Managing Short-Term Assets.
Part VII: STRATEGIC PLANNING AND FINANCING DECISIONS.
16. Financial Planning and Control.
Dr. Eugene F. Brigham is a graduate research professor emeritus at the University of Florida, where he has taught since 1971. He 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. A former president of the Financial Management Association, he has written many journal articles on the cost of capital, capital structure and other aspects of financial management. He has authored or co-authored 10 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. In addition to his academic writing, Dr. Brigham continues to teach, consult and complete research. 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 Corp. He has also testified as an expert witness in numerous electric, gas and telephone rate cases at both federal and state levels. Dr. Brigham spends his spare time on the golf course, enjoying time with his family and dogs and tackling outdoor adventures such as biking through Alaska.
Dr. Scott Besley is associate professor in the department of finance at the University of South Florida. He earned his D.B.A. and M.B.A. degrees from Florida State University. A well-respected author and instructor, Dr. Besley has published numerous research articles in various academic journals and has co-authored two of the leading textbooks in corporate finance that are used at universities around the world. His research interests include areas of corporate finance, working capital management, governance and investment anomalies. A frequently requested presenter at professional conferences, Dr. Besley is actively involved in numerous finance and professional organizations. When he is not teaching or pursuing research interests, he is heavily involved in supporting his local community.
UPDATES ADDRESS THE LATEST TRENDS AND DEVELOPMENTS IN CORPORATE FINANCE TODAY. All presentations and data incorporate the latest issues impacting finance today. New discussions include developments as recent as the effects of the COVID-19 pandemic.
EXPANDED "PROBLEMS" SECTIONS IN EACH CHAPTER PROVIDE ADDITIONAL, CONTEMPORARY PRACTICE. This edition now includes ten new problems at the conclusion each chapter, bringing the total number of end-of-chapter problems to 25. Half of the new problems replace older problems, while the other half of the problems further expand this edition's wealth of proven practice opportunities.
NEW PRACTICE PROBLEMS LET STUDENTS CHECK THEIR OWN UNDERSTANDING BEFORE ADVANCING. The five replacement problems in each chapter are now restructured as Practice Problems with solutions in the appendix. These allow your students to check their comprehension and also provide clarification and opportunity for review before tackling the chapter's assignments.
NEW INTEGRATIVE PROBLEMS IN EACH CHAPTER ADDRESS THE CHAPTER'S SPECIFIC TOPICS AND SKILLS. These helpful Integrative Problems summarize key material from the chapter, reinforcing the most important concepts. You can use these Integrative Problems to supplement your lectures. As students complete these problems, they gain a better understanding of the principles and the relationship of these topics to others presented in the chapter.
SPREADSHEET PROBLEMS REQUIRE HANDS-ON PRACTICE USING AN ONLINE SPREADSHEET. These Spreadsheet Problems appear in every chapter, except Chapter 1, and reinforce a skills that's critical in finance today. Because students must be proficient in using spreadsheets in today's business world, the authors ensure they work with this critical tool early and often throughout your course.
UPDATED ETHICAL DILEMMAS CHALLENGE STUDENTS TO BECOME SAVVY BUSINESS DECISION MAKERS. These ethical dilemma vignettes in each chapter are based on real business situations that relate to the chapter's content and introduce issues that require critical thinking. These ethical dilemmas emphasize the relationship between ethics and business, strengthen critical-thinking and decision-making skills and often prompt lively class discussion.
NEW MINDTAP DIGITAL RESOURCES FOR THIS EDITION CUSTOMIZE LEARNING FOR EACH STUDENT. This digital learning solution powers students from memorization to mastery with content that is specific to this edition of the book and tailored to each student's learning needs. The new optimized learning path offers carefully developed focused content and interactive activities. MindTap resources give you complete control of your course, with the option to customize content to challenge every individual and to build each student's confidence.
MINDTAP PROVIDES CONVENIENT ACCESS TO EVERYTHING YOU AND YOUR STUDENTS NEED IN ONE PLACE. With MindTap preloaded, organized course materials online, you can significantly reduce preparation time. Interactive multimedia, assignments, quizzes and focused resources are available at your fingertips. With MindTap you give students the power to read, listen and study on their phones -- so they can learn on their own terms.
ONLINE RESOURCES EMPOWER STUDENTS TO REACH THEIR POTENTIALS. Gain actionable insights into student engagement with MindTap's twelve distinct metrics. Identify topics troubling your entire class and instantly communicate with struggling students. You can track class performance down to the learning objective and curate lectures in real time to respond to class-wide needs. Students can track their scores and take the guesswork out of studying with performance reports and personalized study materials that help them progress toward their goals.
CUSTOMIZED CONTENT LETS YOU CONTROL YOUR COURSE. MindTap online resources give you complete control of your course with the flexibility to re-order text chapters, add your own notes and embed a variety of content, including OER. You can even personalize course content to your students’ needs. Students can read your notes, add their own or highlight key text to aid in review and study.
DEDICATED TEAM SUPPORTS YOU WHILE ASSISTING WITH MINDTAP SETUP AND ONGOING USE. MindTap digital resources are backed by a personalized team eager to further your course and teaching success. Professionals can help you set up your course or assist you in tailoring MindTap resources to meet your specific objectives, so you are prepared to make an impact from day one. The support team is ready to help you or your students throughout the semester.
NEW MINDTAP DIGITAL RESOURCES SAVE YOU TIME WITH COURSE MANAGEMENT AND ASSESSMENT TOOLS. You find the time-saving support you need with MindTap's straightforward course management and instant assessment opportunities. You can also use proven analytics to engage and evaluate students of all generations and learning styles. MindTap integrates seamlessly into your course, setting the stage for thinking critically about corporate finance.
ENGAGING PRESENTATION, TEAR-OUT REVIEW CARDS AND EXCLUSIVE ONLINE RESOURCES DIFFERENTIATE THIS 4LTR PRESS SOLUTION. This printed edition uses a powerful presentation that's driven by extensive research into students' workflows and learning styles. Tear-Out Review Cards and access to MindTap digital study tools ensure students have resources to review and master content -- all at an affordable price. MindTap offers the full text narrative, which enables you to provide your students with a choice of formats, including an online-only option.
SHORTER, COMPREHENSIVE CHAPTERS USE AN APPEALING, MODERN DESIGN. This unique, inviting 4LTR Press format introduces content in a more engaging and accessible style, designed to increase the number of students who read the chapter without minimizing coverage for your course.
TEAR-OUT REVIEW CARDS PROVIDE THE OPTION FOR ON-THE-GO REVIEW. These convenient Tear-Out Review Cards at the back of the printed Student Edition equip your students with a portable study tool. These cards concisely review all the pertinent information for successful class and test preparation.
UPDATED, USER-FRIENDLY INSTRUCTOR PREP CARDS COMPLEMENT STUDENT REVIEW CARDS. The authors have carefully restructured and updated this edition's Instructor Prep Cards as well as the Student Review Cards for a cohesive, inviting learning and study system that keeps your course streamlined and your students focused on learning.
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Instructor Companion Website for Besley/Brigham's CFIN, 7th
Cengage eBook: CFIN 12 Months