Test Bank for Corporate Finance: A Focused Approach, 7th Edition Michael C. Ehrhardt Eugene F. Brigham

This is completed downloadable of Test Bank for Corporate Finance: A Focused Approach, 7th Edition, Michael C. Ehrhardt, Eugene F. Brigham

Product Details:

• ISBN-10 ‏ : ‎ 1337909742
• ISBN-13 ‏ : ‎ 978-1337909747
• Author: Michael C. Ehrhardt, Eugene F. Brigham

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. Numerous hands-on activities and step-by-step instruction help you master the many features and functions of Excel spreadsheets. In addition, the MindTap Finance digital learning solution empowers you to learn on your own terms. Innovative learning tools coupled with the text’s focused presentation of corporate finance fundaments will help you quickly become “First in Finance.”

 

Table of Content:

1. Part 1: The Company and Its Environment
2. Chapter 1: An Overview of Financial Management and the Financial Environment
3. 1-1 The Five-Minute MBA
4. 1-2 Finance from 40,000 Feet Above
5. 1-3 The Corporate Life Cycle
6. 1-4 Governing a Corporation
7. 1-5 An Overview of Financial Markets
8. 1-6 Claims on Future Cash Flows: Types of Financial Securities
9. 1-7 Claims on Future Cash Flows: The Required Rate of Return (the Cost of Money)
10. 1-8 The Functions of Financial Institutions
11. 1-9 Financial Markets
12. 1-10 Overview of the U.S. Stock Markets
13. 1-11 Trading in the Modern Stock Markets
14. 1-12 Finance and the Great Recession of 2007
15. 1-13 The Big Picture
16. e-Resources
17. Summary
18. Chapter 2: Financial Statements, Cash Flow, and Taxes
19. 2-1 Financial Statements and Reports
20. 2-2 The Balance Sheet
21. 2-3 The Income Statement
22. 2-4 Statement of Stockholders’ Equity
23. 2-5 Statement of Cash Flows
24. 2-6 Net Cash Flow
25. 2-7 Free Cash Flow: The Cash Flow Available for Distribution to Investors
26. 2-8 Performance Evaluation
27. 2-9 Corporate Income Taxes
28. 2-10 Personal Taxes
29. Summary
30. Chapter 3: Analysis of Financial Statements
31. 3-1 Financial Analysis
32. 3-2 Profitability Ratios
33. 3-3 Asset Management Ratios
34. 3-4 Liquidity Ratios
35. 3-5 Debt Management Ratios
36. 3-6 Market Value Ratios
37. 3-7 Trend Analysis, Common Size Analysis, and Percentage Change Analysis
38. 3-8 Tying the Ratios Together: The DuPont Equation
39. 3-9 Comparative Ratios and Benchmarking
40. 3-10 Uses and Limitations of Ratio Analysis
41. 3-11 Looking beyond the Numbers
42. Summary
43. Part 2: Fixed Income Securities
44. Chapter 4: Time Value of Money
45. 4-1 Time Lines
46. 4-2 Future Values
47. 4-3 Present Values
48. 4-4 Finding the Interest Rate, I
49. 4-5 Finding the Number of Years, N
50. 4-6 Perpetuities
51. 4-7 Annuities
52. 4-8 Future Value of an Ordinary Annuity
53. 4-9 Future Value of an Annuity Due
54. 4-10 Present Value of Ordinary Annuities and Annuities Due
55. 4-11 Finding Annuity Payments, Periods, and Interest Rates
56. 4-12 Uneven, or Irregular, Cash Flows
57. 4-13 Future Value of an Uneven Cash Flow Stream
58. 4-14 Solving for I with Irregular Cash Flows
59. 4-15 Semiannual and Other Compounding Periods
60. 4-16 Fractional Time Periods
61. 4-17 Amortized Loans
62. 4-18 Growing Annuities
63. Summary
64. Chapter 5: Bonds, Bond Valuation, and Interest Rates
65. 5-1 Who Issues Bonds?
66. 5-2 Key Characteristics of Bonds
67. 5-3 Bond Valuation
68. 5-4 Changes in Bond Values over Time
69. 5-5 Bonds with Semiannual Coupons
70. 5-6 Bond Yields
71. 5-7 The Pre-Tax Cost of Debt: Determinants of Market Interest Rates
72. 5-8 The Risk-Free Interest Rate: Nominal (rRF) and Real (r*)
73. 5-9 The Inflation Premium (IP)
74. 5-10 The Maturity Risk Premium (MRP)
75. 5-11 The Default Risk Premium (DRP)
76. 5-12 The Liquidity Premium (LP)
77. 5-13 The Term Structure of Interest Rates
78. 5-14 Financing with Junk Bonds
79. 5-15 Bankruptcy and Reorganization
80. Summary
81. Part 3: Stocks and Options
82. Chapter 6: Risk and Return
83. 6-1 Investment Returns and Risk
84. 6-2 Measuring Risk for Discrete Distributions
85. 6-3 Risk in a Continuous Distribution
86. 6-4 Using Historical Data to Estimate Risk
87. 6-5 Risk in a Portfolio Context
88. 6-6 The Relevant Risk of a Stock: The Capital Asset Pricing Model (CAPM)
89. 6-7 The Relationship between Risk and Return in the Capital Asset Pricing Model
90. 6-8 The Efficient Markets Hypothesis
91. 6-9 The Fama-French Three-Factor Model
92. 6-10 Behavioral Finance
93. 6-11 The CAPM and Market Efficiency: Implications for Corporate Managers and Investors
94. Summary
95. Chapter 7: Corporate Valuation and Stock Valuation
96. 7-1 Legal Rights and Privileges of Common Stockholders
97. 7-2 Classified Stock and Tracking Stock
98. 7-3 Stock Market Reporting
99. 7-4 Valuing Common Stocks – Introducing the Free Cash Flow (FCF) Valuation Model
100. 7-5 The Constant Growth Model: Valuation When Expected Free Cash Flow Grows at a Constant Rate
101. 7-6 The Multistage Model: Valuation When Expected Short-Term Free Cash Flow Grows at a Nonconstant R
102. 7-7 Application of the FCF Valuation Model to MicroDrive
103. 7-8 Do Stock Values Reflect Long-Term or Short-Term Cash Flows?
104. 7-9 Value-Based Management: Using the Free Cash Flow Valuation Model to Identify Value Drivers
105. 7-10 Why Are Stock Prices So Volatile?
106. 7-11 Dividend Valuation Models
107. 7-12 The Market Multiple Method
108. 7-13 Comparing the FCF Valuation Model, the Dividend Growth Model, and the Market Multiple Method
109. 7-14 Preferred Stock
110. Summary
111. Chapter 8: Financial Options and Applications in Corporate Finance
112. 8-1 Overview of Financial Options
113. 8-2 The Single-Period Binomial Option Pricing Approach
114. 8-3 The Single-Period Binomial Option Pricing Formula
115. 8-4 The Multi-Period Binomial Option Pricing Model
116. 8-5 The Black-Scholes Option Pricing Model (OPM)
117. 8-6 The Valuation of Put Options
118. 8-7 A pplications of Option Pricing in Corporate Finance
119. Summary
120. Part 4: Projects and Their Valuation
121. Chapter 9: The Cost of Capital
122. 9-1 The Weighted Average Cost of Capital
123. 9-2 Choosing Weights for the Weighted Average Cost of Capital
124. 9-3 The Cost of Debt
125. 9-4 Cost of Preferred Stock, rps
126. 9-6 Using the CAPM to Estimate the Costof Common Stock, rs
127. 9-7 Using the Dividend Growth Approach to Estimate the Cost of Common Stock
128. 9-8 The Weighted Average Cost of Capital (WACC)
129. 9-9 Adjusting the Cost of Equity for Flotation Costs
130. 9-10 Privately Owned Firms and Small Businesses
131. 9-11 The Divisional Cost of Capital
132. 9-12 Estimating the Cost of Capital for Individual Projects
133. 9-13 Managerial Issues and the Cost of Capital
134. Summary
135. Chapter 10: The Basics of Capital Budgeting: Evaluating Cash Flows
136. 10-1 An Overview of Capital Budgeting
137. 10-2 The First Step in Project Analysis
138. 10-3 Net Present Value (NPV)
139. 10-4 Internal Rate of Return (IRR)
140. 10-5 Modified Internal Rate of Return (MIRR)
141. 10-6 Profitability Index (PI)
142. 10-7 Payback Period
143. 10-8 How to Use the Different Capital Budgeting Methods
144. 10-9 Other Issues in Capital Budgeting
145. Summary
146. Chapter 11: Cash Flow Estimation and Risk Analysis
147. 11-1 Identifying Relevant Cash Flows
148. 11-2 Analysis of an Expansion Project
149. 11-3 Risk Analysis in Capital Budgeting
150. 11-4 Measuring Stand-Alone Risk
151. 11-5 Sensitivity Analysis
152. 11-6 Scenario Analysis
153. 11-7 Monte Carlo Simulation Analysis
154. 11-8 Project Risk Conclusions
155. 11-9 Replacement Analysis
156. 11-10 Phased Decisions and Decision Trees
157. 11-11 Other Real Options
158. Summary
159. Appendix 11A: Depreciation for Tax Purposes
160. Part 5: Corporate Valuation and Governance
161. Chapter 12: Corporate Valuation and Financial Planning
162. 12-1 Overview of Financial Planning
163. 12-2 Financial Planning at MicroDrive Inc.
164. 12-3 Forecasting Operations
165. 12-4 Evaluating MicroDrive’s Strategic Initiatives
166. 12-5 Projecting MicroDrive’s Financial Statements
167. 12-6 Analysis and Selection of a Strategic Plan
168. 12-7 The CFO’s Model
169. 12-8 Additional Funds Needed (AFN) Equation
170. 12-9 Forecasting When the Ratios Change
171. Summary
172. Chapter 13: Corporate Governance
173. 13-1 Agency Conflicts
174. 13-2 Corporate Governance
175. 13-3 Employee Stock Ownership Plans (ESOPs)
176. Summary
177. Part 6: Cash Distributions and Capital Structure
178. Chapter 14: Distributions to Shareholders: Dividends and Repurchases
179. 14-1 An Overview of Cash Distributions
180. 14-2 Procedures for Cash Distributions
181. 14-3 Cash Distributions and Firm Value
182. 14-4 Clientele Effect
183. 14-5 Signaling Hypothesis
184. 14-6 Implications for Dividend Stability
185. 14-7 Setting the Target Distribution Level: The Residual Distribution Model
186. 14-8 The Residual Distribution Model in Practice
187. 14-9 A Tale of Two Cash Distributions: Dividends versus Stock Repurchases
188. 14-10 The Pros and Cons of Dividends and Repurchases
189. 14-11 Other Factors Influencing Distributions
190. 14-12 Summarizing the Distribution Policy Decision
191. 14-13 Stock Splits and Stock Dividends
192. 14-14 Dividend Reinvestment Plans
193. Summary
194. Chapter 15: Capital Structure Decisions
195. 15-1 An Overview of Capital Structure
196. 15-2 Business Risk and Financial Risk
197. 15-3 Capital Structure Theory: The Modigliani and Miller Models
198. 15-4 Capital Structure Theory: Beyond the Modigliani and Miller Models
199. 15-5 Capital Structure Evidence and Implications
200. 15-6 Estimating the Optimal Capital Structure
201. 15-7 Anatomy of a Recapitalization
202. 15-8 Risky Debt and Equity as an Option
203. 15-9 Managing the Maturity Structure of Debt
204. Summary
205. Part 7: Managing Global Operations
206. Chapter 16: Supply Chains and Working Capital Management
207. 16-1 Overview of Supply Chain Management
208. 16-2 Using and Financing Operating Current Assets
209. 16-3 The Cash Conversion Cycle
210. 16-4 Inventory Management
211. 16-5 Receivables Management
212. 16-6 Accruals and Accounts Payable (Trade Credit)
213. 16-7 The Cash Budget
214. 16-8 Cash Management and the Target Cash Balance
215. 16-9 Cash Management Techniques
216. 16-10 Managing Short-Term Investments
217. 16-11 Short-Term Bank Loans
218. 16-12 Commercial Paper
219. 16-13 Use of Security in Short-Term Financing
220. Summary
221. Chapter 17: Multinational Financial Management
222. 17-1 Multinational, or Global, Corporations
223. 17-2 Multinational versus Domestic Financial Management
224. 17-3 Exchange Rates
225. 17-4 The Fixed Exchange Rate System
226. 17-5 Floating Exchange Rates
227. 17-6 Government Intervention in Foreign Exchange Markets
228. 17-7 Other Exchange Rate Systems: No Local Currency, Pegged Rates, and Managed Floating Rates
229. 17-8 Forward Exchange Rates and Risk Management
230. 17-9 Interest Rate Parity
231. 17-10 Purchasing Power Parity
232. 17-11 Inflation, Interest Rates, and Exchange Rates
233. 17-12 International Money and Capital Markets
234. 17-13 Multinational Capital Budgeting
235. 17-14 International Capital Structures
236. 17-15 Multinational Working Capital Management
237. Summary
238. Appendix A: Solutions to Self-Test Problems
239. Appendix B: Answers to End-of-Chapter Problems
240. Appendix C: Selected Equations
241. Glossary
242. Name Index
243. Subject Index