Corporate Finance: A Focused Approach

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Drawing from their experience with comprehensive textbooks Ehrhardt & Brigham focus on the critical financial concepts, skills, and technological applications required by every MBA in the 21st century workplace. The result is a lean textbook that (1) provides an in-depth treatment of all essential topics in corporate finance yet (2) can be covered in its entirely in a single semester. key Feature The only textbook that (1) emphasizes corporate valuation using free cash flows, (2) links all financial decisions to their impact on corporate value, and (3) unifies coverage of corporate governance issues. The documentation in each chapter provides web sources for useful financial data, including stock prices, financial statements, ratios (company and industry), and various interest rates. "Web Safaris" on the book's web site provide guided links to useful web data. Excel files called "Tool Kits" demonstrate the financial applications in the chapter. Included are numerous screen shots that provide a mini-tutorial on many Excel functions and features. Mini Cases include spreadsheets that show all calculations in the Mini Case PowerPoint show, allowing instructors to toggle between PowerPoint and Excel during class. An attractive four-color format enhances the book's visual appeal. The notation for returns is "r" which is consistent with most investment textbooks. Table of Contents Part I: Building Blocks of Corporate Finance. 1. An Overview of Corporate Finance and the Financial Environment 2. Time Value of Money 3. Risk and Return Part II: Valuing Securities and Projects 4. Bonds and Their Valuation 5. Stock and Their Valuation 6. The Cost of Capital 7. Basics of Capital Budgeting 8. Cash Flow Estimation and Risk Analysis Part III: Corporate Valuation. 9. Financial Statements, Cash Flow, and Taxes 10. Analysis of Financial Statements 11. Financial Planning and Forecasting Financial Statements 12. Corporate Valuation, Value-Based Management, and Corporate Governance Part IV: Corporate Financing 13. Capital Structure Decisions 14. Distributions to Shareholders: Dividends and Repurchases Part V: Special Topics 15. Multinational Financial Management 16. Working Capital Management 17. Option Pricing with Applications to Real Options