Intermediate Financial Management,
15th Edition

Part I: FUNDAMENTAL 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 II: CORPORATE VALUATION.
8. Corporate Valuation and Stock Valuation.
9. Corporate Valuation and Financial Planning.
10. Corporate Governance.
11. The Cost of Capital.
Part III: PROJECT VALUATION.
12. Capital Budgeting: Decision Rules.
13. Capital Budgeting: Estimating Cash Flows and Analyzing Risk 5.
14. Real Options.
Part IV: STRATEGIC 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 VI: WORKING CAPITAL MANAGEMENT.
21. Supply Chains and Working Capital Management.
22. Providing and Obtaining Credit.
23. Other Topics in Working Capital Management.
Part VII: SPECIAL TOPICS.
24. Enterprise Risk Management.
25. Bankruptcy, Reorganization, and Liquidation.
26. Mergers and Corporate Control.
27. Multinational Financial Management.
28. Fintech in Financial Markets.
29. Basic Financial Tools: A Review.
30. Time Value of Money.
31. Pension Plan Management.
32. Financial Management in Not-for-Profit Businesses.
Part VIII: CORE FINANCE TOPICS AND SAMPLE AI PROJECTS.
Extensions.
Extension 1A: An Overview of Derivatives.
Extension 2A: Continuous Probability Distributions.
Extension 4A: Zero Coupon Bonds, Original Issue Discount Bonds, and Original Issue Premium Bonds.
Extension 4B: Bond Valuation Between Coupon Payment Dates.
Extension 4C: Treasury Inflation- Protected Securities (TIPS).
Extension 4D: Bond Risk and Duration.
Extension 4E: The Pure Expectations Theory and Estimation of Forward Rates.
Extension 6A: The Federal Income Tax System for Individuals.
Extension 8A: Derivation of Valuation Equations.
Extension 11A: Estimating the Required Return on the Market with the Dividend Growth Model: The Impact of Stock Repurchases and Nonconstant Short-Term Growth.
Extension 14A: The Abandonment Real Option.
Extension 14B: Risk-Neutral Valuation.
Extension 16A: Capital Structure Theory: Arbitrage Proofs of the Modigliani-Miller Theorems.
Extension 16B: Bond Refunding.
Extension 17A: Projecting Consistent Debt and Interest Expenses.
Extension 18A: Rights Offerings.
Extension 19A: Percentage Cost Analysis.
Extension 19B: Leveraged Leases.
Extension 20A: Calling Convertible Issues.
Extension 21A: Secured Short-Term Financing.
Extension 25A: Multiple Discriminant Analysis.
Extension 30A: Derivation of Annuity Formulas.

• Eugene F. Brigham

  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.

• Phillip R. Daves

  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.

• NEW CASE STUDIES PROVIDE PRACTICAL APPLICATION OF CONCEPTS: New analytics cases encourage students to more deeply explore concepts from the text with data analysis.

• RELEVANT EXAMPLES COVER TODAY'S GLOBAL FINANCIAL EVENTS: Updated and contemporary examples present accurate and relevant real-world depictions of financial management.

• UNIQUE BALANCE OF THEORY AND PRACTICE: Using its signature clear, focused presentation, the text provides an in-depth introduction to core theories and emerging topics.

• TRUSTED ACCURACY: The author team's meticulous attention to detail and time-tested content ensures this edition and supplements offer time-saving resources that you can trust.

• EXCEL TOOL KITS: Excel Tool Kits in each chapter provide helpful demonstrations and best practices, guiding students in developing strong Excel skills.

• STRUCTURED LEARNING: Learning outcomes, beginning-of-chapter questions and self-test questions help frame the goals of each chapter in a concise way.

• PROVEN LEARNING FEATURES HIGHLIGHT PRACTICAL APPLICATIONS. Students see how today's financial theories and trends are applied through this edition's wealth of engaging learning features. These features work with this edition's memorable real-world examples, practical problem sets and integrated mini-cases, all of which incorporate the latest financial management information.

• CLEAR EXPLANATIONS AND EXCEL TOOL KITS EMPHASIZE EFFECTIVE USE OF THIS RESOURCE. Each chapter provides an Excel Tool Kit with calculations for all of the tables. Screen shots of the calculations throughout this edition enable your students to easily follow along with the Tool Kit. Helpful demonstrations and best practices for Excel programming guide students in developing strong good Excel skills to use throughout their careers.

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