Fundamentals of Financial Management

MINDTAP FINANCE FOR THIS EDITION CUSTOMIZES LEARNING FOR EACH STUDENT. This digital learning solution powers students from memorization to mastery with content that is specific to this edition of the book and tailored to each student's learning needs. The new optimized learning path offers carefully developed focused content and interactive activities. MindTap resources give you complete control of your course, with the option to customize content to challenge every individual and to build each student's confidence.

UPDATED EXCEL® MODELS PARALLEL AND SUPPORT DISCUSSIONS OF EACH TOPIC. In a continuing effort to help students know and use Excel® to problem-solve, the authors have updated this edition's spreadsheet models to seamlessly support revised discussion of each topic. In addition, in-text graphics quickly show students how many of the problems can be solved using Excel®.

FOCUSED SELF-TEST PROBLEMS ENSURING UNDERSTANDING AS STUDENTS PROGRESS THROUGH EACH CHAPTER. These strategically placed Self-Test Problems appear directly after each major chapter section and enable students to test their comprehension immediately before moving to the next topic -- instead of waiting until the conclusion of the chapter.

"TAKING A CLOSER LOOK" PROBLEMS HAVE STUDENTS EXAMINE AN ACTUAL COMPANY'S FINANCIAL INFORMATION. These hands-on exercises enable students to apply chapter concepts to real-world situations using online resources. This practice gives students a better understanding of how to gather the information needed to perform the applicable analysis.

COMPLETE INSTRUCTOR RESOURCES REDUCE PREPARATION WHILE INCREASING STUDENT SUCCESS. This edition's comprehensive support package is prepared by the text's authors to ensure the highest quality and accuracy. All supplements correspond closely with the book and recent updates to maximize your preparation time and student engagement.

INTERACTIVE EXERCISES HELP STUDENTS VISUALIZE CONCEPTS. "Exploring Finance" features in MindTap use graphical representations, or "applets," to enhance student knowledge. Each applet includes three to five questions that require students to manipulate a graph. In order to answer a series of questions, the student may need to adjust the "slider" for changing information such as number of periods, interest rates or payments. These activities reinforce financial concepts by involving students in an interactive exercise to arrive at the solution.

"QUICK QUESTIONS" BOXES POSE THOUGHT-PROVOKING QUESTIONS AT KEY POINTS IN DISCUSSION. These insightful exercises, found in key chapters throughout the book, present a relevant question and then walk students through the process of finding its solution. The authors designed these questions to parallel the classroom activity in which students progress through an example to make concepts more concrete.

EXPANDED REAL-WORLD EXAMPLES HELP STUDENTS BRIDGE THE GAP BETWEEN CONCEPT AND APPLICATION. This edition is packed with real-life examples, such as a broader discussion of the role of hedge funds and private equity of major firms and a detailed breakdown of the cash conversion cycle components for several leading companies. This edition also reviews a weighted average cost of capital analysis for selected companies and extensive updates of corporate bond ratings, yields and dividend payouts for a range of companies.

REVISED AND IMPROVED POWERPOINT PRESENTATIONS ARE MORE ENGAGING THAN EVER. This edition's accompanying PowerPoint presentations are completely revised to support an engaging classroom environment. All slides present the latest content, updated to reflect all changes and additions to this edition of the text.

NEW "LEARN IT" MODULES HELP STUDENTS MASTER FUNDAMENTAL TOPICS. These multi-stage, fully algorithmic learning modules in MindTap, provide step-by-step practice. Mini-modules separate instructional narrative into small chunks of information with accompanying videos and practice exercises that offer immediate feedback. Students answer a series of questions at each step to ensure conceptual understanding. These modules can be used with reading assignments or serve as pre-class activities to reinforce foundational knowledge before completing more complex homework or application-oriented problems.

NEW ALGORITHMIC TESTING IN MINDTAP OFFERS MORE THAN 600 TEST BANK QUESTIONS. A wealth of questions provides flexibility and variety in testing with reliable support for online exams or important assignments. Each question provides a complete solution that shows full, step-by-step calculations. In addition, eBook links now appear in "Hints" within end-of-chapter problems so questions can easily be added to exams without the links, if desired.

UPDATED MINDTAP LEARNING PATH IS NOW OPTIMIZED AND STREAMLINED. New "Learn It," "Study It" and "Apply It" sections lead students to group learning activities, video and other interactive assignments and study materials. This reorganization better reflects the intended progression of learning for each chapter unit and ensures consistency with MindTap resources used in other courses the student may be taking. Many activities and homework descriptions now display an estimated completion time to make it easier for you to select assignments.

AUTO-GRADED EXCEL® PROBLEMS IN MINDTAP OFFER VALUABLE HANDS-ON PRACTICE. Selected end-of-chapter problems are now converted to an Excel Online worksheet, giving students hands-on practice working with problems that use Excel formulas and functions. This enhances student knowledge of Excel while demonstrating Excel's importance as a tool in financial management today. In addition, new Comprehensive Excel Case problems encourage deeper analysis, often using "what-if" scenarios to help strengthen your students' decision-making and analytical skills.

REVISED TABLE OF CONTENTS HAS FLIPPED PREVIOUS CHAPTERS 18 AND 19 FOR CONSISTENCY. With the rearranged order, Chapter 18 now covers multinational financial management, while Chapter 19 addresses derivatives and financial management. With this change the first 18 chapters of the Fundamentals and Concise versions of this edition are now identical. The Fundamentals edition includes three additional chapters (Chs. 19-21).

CORPORATE TAX UPDATES ADDRESS RECENT SIGNIFICANT CHANGES. This edition discusses both recent changes in corporate tax code and the impact of those changes in numerous other areas of corporate finance. The authors have carefully updated the many chapters and corresponding problems that these considerable changes affect.

NEW CONTENT DETAILS THE ECONOMIC AND FINANCIAL IMPACTS OF THE CORONAVIRUS PANDEMIC. The latest updates in this edition discuss various issues that have risen as a result of the economic and financial impact of the COVID-19 pandemic.

NEW COURSE PREPAREDNESS TOOLS HELP STUDENTS SUCCEED IN YOUR COURSE. A new "Are You Ready for Corporate Finance?" learning feature offers targeted practice and immediate feedback to refresh your students' knowledge of fundamental topics. In addition, "Preparing for Finance" tutorials ensure students confront and overcome any deficiencies in prerequisite math, accounting, economics and statistics. Tutorials for using various financial calculators and Excel® are also included. These resources are available in MindTap.