Solution Manual for Fundamentals of Financial Management, Concise Edition, 9th Edition Eugene F. Brigham, Joel F. Houston

Product details:

• ISBN-10 ‏ : ‎ 1305635930
• ISBN-13 ‏ : ‎ 978-1305635937
• Author: Dr. Eugene F. Brigham, Dr. Joel F. Houston

Equipping you with a solid understanding of real-world corporate finance and financial management, Brigham/Houston�s market-leading FUNDAMENTALS OF FINANCIAL MANAGEMENT, CONCISE EDITION 9E offers a unique balance of the latest theory and hands-on applications. Extremely student friendly, this complete introduction to corporate finance emphasizes the concept of valuation throughout and Time Value of Money (TVM) early in the text — giving you time to absorb the concepts fully. Numerous up-to-date examples, end-of-chapter applications, and Integrated Cases give you a better understanding of the concepts and reasons behind corporate budgeting, financing, and working capital decision making. In addition, Excel Spreadsheet Models help you master this critical software tool, while an all-new Adaptive Test Prep app helps you thoroughly prepare for exams.

Table contents:

1. Part 1: Introduction to Financial Management
2. Ch 1: An Overview of Financial Management
3. Striking the Right Balance
4. 1-1: What is Finance?
5. 1-2: Jobs in Finance
6. 1-3: Forms of Business Organization
7. 1-4: The Main Financial Goal: Creating Value for Investors
8. 1-5: Stockholder-Manager Conflicts
9. 1-6: Stockholder-Debtholder Conflicts
10. 1-7: Balancing Shareholder Interests and the Interests of Society
11. 1-8: Business Ethics
12. Self-Test Questions and Problems
13. Questions
14. Ch 2: Financial Markets and Institutions
15. The Economy Depends on a Strong Financial System
16. 2-1: The Capital Allocation Process
17. 2-2: Financial Markets
18. 2-3: Financial Institutions
19. 2-4: The Stock Market
20. 2-5: The Market for Common Stock
21. 2-6: Stock Markets and Returns
22. 2-7: Stock Market Efficiency
23. Self-Test Questions and Problems
24. Questions
25. Part 2: Fundamental Concepts in Financial Management
26. Ch 3: Financial Statements, Cash Flow, and Taxes
27. Unlocking the Valuable Information in Financial Statements
28. 3-1: Financial Statements and Reports
29. 3-2: The Balance Sheet
30. 3-3: The Income Statement
31. 3-4: Statement of Cash Flows
32. 3-5: Statement of Stockholders’ Equity
33. 3-6: Uses and Limitations of Financial Statements
34. 3-7: Free Cash Flow
35. 3-8: MVA and EVA
36. 3-9: Income Taxes
37. Self-Test Questions and Problems
38. Questions
39. Problems
40. Comprehensive/Spreadsheet Problem
41. Ch 4: Analysis of Financial Statements
42. Can You Make Money Analyzing Stocks?
43. 4-1: Ratio Analysis
44. 4-2: Liquidity Ratios
45. 4-3: Asset Management Ratios
46. 4-4: Debt Management Ratios
47. 4-5: Profitability Ratios
48. 4-6: Market Value Ratios
49. 4-7: Tying the Ratios Together: The DuPont Equation
50. 4-8: Potential Misuses of ROE
51. 4-9: Using Financial Ratios to Assess Performance
52. 4-10: Uses and Limitations of Ratios
53. 4-11: Looking beyond the Numbers
54. Self-Test Questions and Problems
55. Questions
56. Problems
57. Comprehensive/Spreadsheet Problem
58. Ch 5: Time Value of Money
59. Will You Be Able to Retire?
60. 5-1: Time Lines
61. 5-2: Future Values
62. 5-3: Present Values
63. 5-4: Finding the Interest Rate, I
64. 5-5: Finding the Number of Years, N
65. 5-6: Annuities
66. 5-7: Future Value of an Ordinary Annuity
67. 5-8: Future Value of an Annuity Due
68. 5-9: Present Value of an Ordinary Annuity
69. 5-10: Finding Annuity Payments, Periods, and Interest Rates
70. 5-11: Perpetuities
71. 5-12: Uneven Cash Flows
72. 5-13: Future Value of an Uneven Cash Flow Stream
73. 5-14: Solving for I with Uneven Cash Flows
74. 5-15: Semiannual and Other Compounding Periods
75. 5-16: Comparing Interest Rates
76. 5-17: Fractional Time Periods
77. 5-18: Amortized Loans
78. Self-Test Questions and Problems
79. Questions
80. Problems
81. Comprehensive/Spreadsheet Problem
82. Part 3: Financial Assets
83. Ch 6: Interest Rates
84. The Fed Contemplates an Increase in Interest Rates as the U.S. Economy Shows Signs of a Strong Rebou
85. 6-1: The Cost of Money
86. 6-2: Interest Rate Levels
87. 6-3: The Determinants of Market Interest Rates
88. 6-4: The Term Structure of Interest Rates
89. 6-5: What Determines the Shape of the Yield Curve?
90. 6-6: Using the Yield Curve to Estimate Future Interest Rates
91. 6-7: Macroeconomic Factors That Influence Interest Rate Levels
92. 6-8: Interest Rates and Business Decisions
93. Self-Test Questions and Problems
94. Questions
95. Problems
96. Comprehensive/Spreadsheet Problem
97. Ch 7: Bonds and Their Valuation
98. Sizing Up Risk in the Bond Market
99. 7-1: Who Issues Bonds?
100. 7-2: Key Characteristics of Bonds
101. 7-3: Bond Valuation
102. 7-4: Bond Yields
103. 7-5: Changes in Bond Values over Time
104. 7-6: Bonds with Semiannual Coupons
105. 7-7: Assessing a Bond’s Riskiness
106. 7-8: Default Risk
107. 7-9: Bond Markets
108. Self-Test Questions and Problems
109. Questions
110. Problems
111. Comprehensive/Spreadsheet Problem
112. Ch 8: Risk and Rates of Return
113. Managing Risk in Difficult Times
114. 8-1: The Risk-Return Trade-Off
115. 8-2: Stand-Alone Risk
116. 8-3: Risk in a Portfolio Context: The CAPM
117. 8-4: The Relationship between Risk and Rates of Return
118. 8-5: Some Concerns about Beta and the CAPM
119. 8-6: Some Concluding Thoughts: Implications for Corporate Managers and Investors
120. Self-Test Questions and Problems
121. Questions
122. Problems
123. Comprehensive/Spreadsheet Problem
124. Ch 9: Stocks and Their Valuation
125. Searching for the Right Stock
126. 9-1: Legal Rights and Privileges of Common Stockholders
127. 9-2: Types of Common Stock
128. 9-3: Stock Price versus Intrinsic Value
129. 9-4: The Discounted Dividend Model
130. 9-5: Constant Growth Stocks
131. 9-6: Valuing Nonconstant Growth Stocks
132. 9-7: Enterprise-Based Approach to Valuation
133. 9-8: Preferred Stock
134. Self-Test Questions and Problems
135. Questions
136. Problems
137. Comprehensive/Spreadsheet Problem
138. Appendix 9A: Stock Market Equilibrium
139. Part 4: Investing in Long-Term Assets: Capital Budgeting
140. Ch 10: The Cost of Capital
141. Creating Value at Disney
142. 10-1: An Overview of the Weighted Average Cost of Capital (WACC)
143. 10-2: Basic Definitions
144. 10-3: Cost of Debt, rd(1-T)
145. 10-4: Cost of Preferred Stock, rp
146. 10-6: Cost of New Common Stock, re
147. 10-7: Composite, or Weighted Average, Cost of Capital, WACC
148. 10-8: Factors That Affect the WACC
149. 10-9: Adjusting the Cost of Capital for Risk
150. 10-10: Some Other Problems with Cost of Capital Estimates
151. Self-Test Questions and Problems
152. Questions
153. Problems
154. Comprehensive/Spreadsheet Problem
155. Ch 11: The Basics of Capital Budgeting
156. Competition in the Aircraft Industry: Airbus versus Boeing
157. 11-1: An Overview of Capital Budgeting
158. 11-2: Net Present Value (NPV)
159. 11-3: Internal Rate of Return (IRR)
160. 11-4: Multiple Internal Rates of Return
161. 11-5: Reinvestment Rate Assumptions
162. 11-6: Modified Internal Rate of Return (MIRR)
163. 11-7: NPV Profiles
164. 11-8: Payback Period
165. 11-9: Conclusions on Capital Budgeting Methods
166. 11-10: Decision Criteria Used in Practice
167. Self-Test Questions and Problems
168. Questions
169. Problems
170. Comprehensive/Spreadsheet Problem
171. Ch 12: Cash Flow Estimation and Risk Analysis
172. Home Depot Carefully Evaluates New Investments
173. 12-1: Conceptual Issues in Cash Flow Estimation
174. 12-2: Analysis of an Expansion Project
175. 12-3: Replacement Analysis
176. 12-4: Risk Analysis in Capital Budgeting
177. 12-5: Measuring Stand-Alone Risk
178. 12-6: Within-Firm and Beta Risk
179. 12-7: Real Options
180. 12-8: The Optimal Capital Budget
181. 12-9: The Post-Audit
182. Self-Test Questions and Problems
183. Questions
184. Problems
185. Comprehensive/Spreadsheet Problem
186. Appendix 12A: Tax Depreciation
187. Part 5: Capital Structure and Dividend Policy
188. Ch 13: Capital Structure and Leverage
189. Debt: Rocket Booster or Anchor? Caterpillar Inc.
190. 13-1: Book, Market, or “Target” Weights?
191. 13-2: Business and Financial Risk
192. 13-3: Determining the Optimal Capital Structure
193. 13-4: Capital Structure Theory
194. 13-5: Checklist for Capital Structure Decisions
195. 13-6: Variations in Capital Structures
196. Self-Test Questions and Problems
197. Questions
198. Problems
199. Comprehensive/Spreadsheet Problem
200. Ch 14: Distributions to Shareholders: Dividends and Share Repurchases
201. Apple Shifts Gears and Begins to Unload Part of Its Vast Cash Hoard
202. 14-1: Dividends versus Capital Gains: What Do Investors Prefer?
203. 14-2: Other Dividend Policy Issues
204. 14-3: Establishing the Dividend Policy in Practice
205. 14-4: Dividend Reinvestment Plans
206. 14-5: Summary of Factors Influencing Dividend Policy
207. 14-6: Stock Dividends and Stock Splits
208. 14-7: Stock Repurchases
209. Self-Test Questions and Problems
210. Questions
211. Problems
212. Comprehensive/Spreadsheet Problem
213. Part 6: Working Capital Management, Forecasting, and Multinational Financial Management
214. Ch 15: Working Capital Management
215. Successful Firms Efficiently Manage Their Working Capital
216. 15-1: Background on Working Capital
217. 15-2: Current Assets Investment Policies
218. 15-3: Current Assets Financing Policies
219. 15-4: The Cash Conversion Cycle
220. 15-5: The Cash Budget
221. 15-6: Cash and Marketable Securities
222. 15-7: Inventories
223. 15-8: Accounts Receivable
224. 15-9: Accounts Payable (Trade Credit)
225. 15-10: Bank Loans
226. 15-11: Commercial Paper
227. 15-12: Accruals (Accrued Liabilities)
228. 15-13: Use of Security in Short-Term Financing
229. Self-Test Questions and Problems
230. Questions
231. Problems
232. Comprehensive/Spreadsheet Problem
233. Ch 16: Financial Planning and Forecasting
234. Effective Forecasting is Even More Important during Volatile Times
235. 16-1: Strategic Planning
236. 16-2: The Sales Forecast
237. 16-3: The AFN Equation
238. 16-4: Forecasted Financial Statements
239. 16-5: Using Regression to Improve Forecasts
240. 16-6: Analyzing the Effects of Changing Ratios
241. Self-Test Questions and Problems
242. Questions
243. Problems
244. Comprehensive/Spreadsheet Problem
245. Ch 17: Multinational Financial Management
246. U.S. Firms Look Overseas to Enhance Shareholder Value
247. 17-1: Multinational, or Global, Corporations
248. 17-2: Multinational versus Domestic Financial Management
249. 17-3: The International Monetary System
250. 17-4: Foreign Exchange Rate Quotations
251. 17-5: Trading in Foreign Exchange
252. 17-6: Interest Rate Parity
253. 17-7: Purchasing Power Parity
254. 17-8: Inflation, Interest Rates, and Exchange Rates
255. 17-9: International Money and Capital Markets
256. 17-10: Investing Overseas
257. 17-11: International Capital Budgeting
258. 17-12: International Capital Structures
259. Self-Test Questions and Problems
260. Questions
261. Problems
262. Comprehensive/Spreadsheet Problem
263. Appendix A: Solutions to Self-Test Questions and Problems
264. Appendix B: Answers to Selected End-of-Chapter Problems
265. Appendix C: Selected Equations and Tables
266. Index

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