Principles of Managerial Finance, 15th edition

Published by Pearson (September 18, 2020) © 2021

  • Chad J. Zutter University of Pittsburgh
  • Scott B. Smart Indiana University
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Buy nowOpens in a new tab

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
$59.94
monthly payments or
pay undefined one-time
Instant access

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

Title overview

The Teaching and Learning System, a hallmark feature of Principles of Managerial Finance, weaves pedagogy into concepts and practice, providing a roadmap to follow through the text and supplementary tools.

Using a generous amount of examples, the 15th Edition concentrates on the latest material you need to make effective financial decisions in an increasingly competitive business environment. As such, it helps you make the connections between a firm's action and its value, as determined in the financial market.

Table of contents

PART I: INTRODUCTION TO MANAGERIAL FINANCE

  1. The Role of Managerial Finance
  2. The Financial Market Environment

PART II: FINANCIAL TOOLS

  1. Financial Statements and Ratio Analysis
  2. Long and Short-term Financial Planning
  3. Time Value of Money

PART III: VALUATION OF SECURITIES

  1. Interest Rates and Bond Valuation
  2. Stock Valuation

PART IV: RISK AND THE REQUIRED RATE OF RETURN

  1. Risk and Return
  2. The Cost of Capital

PART V: LONG-TERM INVESTMENT DECISIONS

  1. Capital Budgeting Techniques
  2. Capital Budgeting Cash Flows
  3. Risk and Refinements in Capital Budgeting

PART VI: LONG-TERM FINANCIAL DECISIONS

  1. Leverage and Capital Structure
  2. Payout Policy

PART VII: SHORT-TERM FINANCIAL DECISIONS

  1. Working Capital and Current Assets Management
  2. Current Liabilities Management

PART VIII: SPECIAL TOPICS IN MANAGERIAL FINANCE

  1. Hybrid and Derivative Securities
  2. Mergers, LBOs, Divestitures, and Business Failure
  3. International Managerial Finance

Author bios

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