Intermediate Financial Management

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 adventure activities such as biking through Alaska. Dr. Phillip R. Daves is an associate professor of finance at the University of Tennessee in Knoxville. His research interests encompass health care finance, asset pricing, derivative securities and dividend policy. He has published papers in The Journal of Finance, The International Journal of Finance, Applied Financial Economics, Journal of Financial Practice and Education and The Journal of Financial and Strategic Decisions. Dr. Daves teaches at the undergraduate, M.B.A., and Ph.D. levels, where his special interests in teaching include health care finance, investments, financial management and asset pricing. He consults for a range of large and small companies as well as the state of Tennessee. His consulting focuses on business valuation, compensation, value-based management and health care policy. Dr. Daves received his B.A. in economics from Davidson College, his M.S. in mathematics and his Ph.D. in finance from the University of North Carolina at Chapel Hill.

Part IFundamental Concepts of Corporate Finance
1 An Overview of Financial Management and the Financial Environment
2 Risk and Return: Part I
3 Risk and Return: Part II
4 Bond Valuation
5 Financial Options
6 Accounting for Financial Management
7 Analysis of Financial Statements
Part IICorporate Valuation
8 Basic Stock Valuation
9 Corporate Valuation and Financial Planning
10 Corporate Governance
11 Determining the Cost of Capital
Part IIIProject Valuation
12 Capital Budgeting: Decision Criteria
13 Capital Budgeting: Estimating Cash Flows and Analyzing Risk
14 Real Options
PART IVStrategic Financing Decisions
15 Distributions to Shareholders: Dividends and Repurchases
16 Capital Structure Decisions
17 Dynamic Capital Structures and Corporate Valuation
PART V Tactical Financing Decisions
18 Initial Public Offerings, Investment Banking, and
Financial Restructuring
19 Lease Financing
20 Hybrid Financing: Preferred Stock, Warrants, and Convertibles
PART VIWorking Capital Management
21 Supply Chains and Working Capital Management
22 Providing and Obtaining Credit
23 Other Topics in Working Capital Management
PART VIISpecial Topics
24 Enterprise Risk Management
25 Bankruptcy, Reorganization, and Liquidation
26 Mergers and Corporate Control
27 Multinational Financial Management
Web Chapters
Chapter 28 Time Value of Money
Chapter 29 Basic Financial Tools: A Review
Chapter 30 Pension Plan Management
Chapter 31 Financial Management in Not-for-Profit Businesses
Appendixes
Appendix A Values of the Areas under the Standard Normal
Distribution Function
Appendix B Answers to End-of-Chapter Problems
Appendix C Selected Equations
Glossary
Name Index
Subject Index
Web Extension 1-A A n Overview of Derivative
Web Extension 1-B A Closer Look at the Stock Markets
Web Extension 2-A Continuous Probability Distributions
Web Extension 2-B Estimating Beta with a Financial Calculator
Web Extension 4-A A Closer Look at Zero Coupon and other OID Bonds
Web Extension 4-B A Closer Look at TIPS: Treasury Inflation-Protected Securities
Web Extension 4-C A Close Look at Bond Risk: Duration
Web Extension 4-D The Pure Expectations Theory and Estimation of Forward Rates
Web Extension 6-A T he Federal Income Tax System for Individuals
Web Extension 8-A Derivation of Valuation Equations
Web Extension 11-A T he Required Return Assuming NonConstant Dividends and Stock Repurchases
Web Extension 12-A T he Accounting Rate of Return (ARR)
Web Extension 13-A Certainty Equivalents and Risk-Adjusted Discount Rates
Web Extension 14-A The Abandonment Real Option
Web Extension 14-B Risk-Neutral Valuation
Web Extension 16-A Degree of Leverage
Web Extension 18-A Rights Offerings
Web Extension 19-A Leasing Feedback
Web Extension 19-B Percentage Cost Analysis
Web Extension 19-C Leveraged Leases
Web Extension 20-A Calling Convertible Issues
Web Extension 21-A Secured Short-Term Financing
Web Extension 25-A Multiple Discriminant Analysis
Web Extension 26-A Projecting Consistent Debt and Interest Expenses
Web Extension 28-A The Tabular Approach
Web Extension 28-B Derivation of Annuity Formulas
Web Extension 28-C Continuous Compounding