The authors have clarified their discussion of free cash flow (Chapter 3) and better demonstrated its effects on the value of commons (Chapter 9) and the value of corporate projects (Chapters 11 and 12). More emphasis on and clarity of key topics.To help students bridge the gap between concept and application, the authors have included more real-life examples throughout the text, including a broader discussion of the role of hedge funds and private equity of major firms, a detailed breakdown of the cash conversion cycle components for several leading companies, and an extensive updating of corporate bond ratings, yields, and dividend payouts for a broad range of companies. The authors designed these questions to parallel the activity in a classroom setting, in which students go through an example to make concepts more concrete. After posing the question, the exercise walks students through the process of finding its solution. Located in key chapters, the authors placed these questions in set-aside boxes within the text. The Seventh Edition has been updated to include discussions of several major events such as the BP oil spill, the European debt crisis, and the ongoing weakness in the economy and financial markets. Trust the strengths and support found in Fundamentals of Financial Management (Concise Seventh Edition) to put educators and students first in finance today. Educators can engage students with Thomson ONE - Business School Edition, the same financial online database professionals use every day today's leading online homework solution, Aplia™ for Finance or CengageNOW course management system. A comprehensive support package-prepared by the text authors-connects closely with the book to reduce preparation time and reinforce students' understanding.
Numerous practical examples, proven end-of-chapter applications, and Integrated Cases demonstrate theory in action, while Excel ® Spreadsheet Models help students master this important finance tool. This edition's emphasis on the basics helps students understand the concepts and reasons behind corporate budgeting, financing, and working capital decision making. Brigham and Houston's new Fundamentals of Financial Management (Concise Seventh Edition) provides a unique balance of clear concepts, contemporary theory, and practical applications with early coverage of Time Value of Money (TVM) and an emphasis on the concept of valuation throughout. Students will gain a focused understanding of today's corporate finance and financial management with the latest concise approach from the market-leading author team that has set the standard for quality, reliability, accuracy, and innovation.
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