Financial
Third Canadian Edition
MANAGEMENT
Third Canadian Edition
&
Theory Practice
Brigham Ehrhardt Gessaroli Nason
, Third Canadian Edition
Financial
Management
Theory and Practice
Eugene F. Brigham
University of Florida
Michael C. Ehrhardt
University of Tennessee
Jerome Gessaroli
British Columbia Institute of Technology
Richard R. Nason
Dalhousie University
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
, This is an electronic version of the print textbook. Due to electronic rights restrictions,
some third party content may be suppressed. The publisher reserves the right to remove content
from this title at any time if subsequent rights restrictions require it. For valuable information
on pricing, previous editions, changes to current editions, and alternate formats, please visit
www.nelson.com to search by ISBN#, author, title, or keyword for materials in your areas
of interest.
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
, Financial Management: Theory and Practice,
Third Canadian Edition
by Eugene F. Brigham, Michael C. Ehrhardt,
Jerome Gessaroli, and Richard R. Nason
VP, Product and Partnership Production Project Manager: Managing Designer:
Solutions: Christine Gilbert Franca Amore
Anne Williams
Production Service: Interior Design:
Publisher, Digital and Print Content: Cenveo Publishing Services Sharon Kish
Amie Plourde
Copy Editor: Cover Design:
Senior Marketing Manager: Karen Rolfe Deborah Brock
Alexis Hood
Proofreader: Cover Image:
Technical Reviewer: Pushpa V. Giri J. A. Kraulis/Masterfile
Ross Meacher
Indexer: Compositor:
Content Development Manager: BIM Creatives, LLC Cenveo Publishing Services
Suzanne Simpson Millar
Design Director:
Photo and Permissions Researcher: Ken Phipps
Carrie McGregor
COPYRIGHT © 2017, 2014 by Nelson ALL RIGHTS RESERVED. No part of Library and Archives Canada
Education Ltd. this work covered by the copyright Cataloguing in Publication
herein may be reproduced,
Adapted from Financial Brigham, Eugene F., 1930-, author
transcribed, or used in any form
Management: Theory & Practice, Financial management : theory
or by any means—graphic,
Fourteenth Edition, by Eugene and practice / Eugene F. Brigham,
electronic, or mechanical, including
F. Brigham and Michael Ehrhardt, Michael C. Ehrhardt, Jerome
photocopying, recording, taping,
published by South-Western Cengage Gessaroli, Richard R. Nason.
Web distribution, or information
Learning. Copyright © 2014 by —Third Canadian edition.
storage and retrieval systems—
South-Western Cengage Learning. without the written permission of Includes index.
Printed and bound in Canada the publisher. ISBN 978-0-17-658305-7 (bound)
2 3 4 5 20 19 18 17 For permission to use material from 1. Corporations—Finance—
this text or product, submit Textbooks. I. Ehrhardt, Michael C.,
For more information contact Nelson
all requests online at 1955-, author II. Gessaroli, Jerome,
Education Ltd.,
cengage.com/permissions. author III. Nason, Richard Ronald,
1120 Birchmount Road, Toronto,
Further questions about 1962-, author IV. Title.
Ontario, M1K 5G4. Or you can visit
permissions can be emailed to
our Internet site at nelson.com
HG4026.F53 2016
Cognero and Full-Circle Assessment 658.15 C2015-904541-X
Every effort has been made to
are registered trademarks of
trace ownership of all copyrighted ISBN-13: 978-0-17-658305-7
Madeira Station LLC.
material and to secure permission ISBN-10: 0-17-658305-X
from copyright holders. In the event
of any question arising as to the use
of any material, we will be pleased
to make the necessary corrections in
future printings.
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Third Canadian Edition
MANAGEMENT
Third Canadian Edition
&
Theory Practice
Brigham Ehrhardt Gessaroli Nason
, Third Canadian Edition
Financial
Management
Theory and Practice
Eugene F. Brigham
University of Florida
Michael C. Ehrhardt
University of Tennessee
Jerome Gessaroli
British Columbia Institute of Technology
Richard R. Nason
Dalhousie University
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
, This is an electronic version of the print textbook. Due to electronic rights restrictions,
some third party content may be suppressed. The publisher reserves the right to remove content
from this title at any time if subsequent rights restrictions require it. For valuable information
on pricing, previous editions, changes to current editions, and alternate formats, please visit
www.nelson.com to search by ISBN#, author, title, or keyword for materials in your areas
of interest.
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
, Financial Management: Theory and Practice,
Third Canadian Edition
by Eugene F. Brigham, Michael C. Ehrhardt,
Jerome Gessaroli, and Richard R. Nason
VP, Product and Partnership Production Project Manager: Managing Designer:
Solutions: Christine Gilbert Franca Amore
Anne Williams
Production Service: Interior Design:
Publisher, Digital and Print Content: Cenveo Publishing Services Sharon Kish
Amie Plourde
Copy Editor: Cover Design:
Senior Marketing Manager: Karen Rolfe Deborah Brock
Alexis Hood
Proofreader: Cover Image:
Technical Reviewer: Pushpa V. Giri J. A. Kraulis/Masterfile
Ross Meacher
Indexer: Compositor:
Content Development Manager: BIM Creatives, LLC Cenveo Publishing Services
Suzanne Simpson Millar
Design Director:
Photo and Permissions Researcher: Ken Phipps
Carrie McGregor
COPYRIGHT © 2017, 2014 by Nelson ALL RIGHTS RESERVED. No part of Library and Archives Canada
Education Ltd. this work covered by the copyright Cataloguing in Publication
herein may be reproduced,
Adapted from Financial Brigham, Eugene F., 1930-, author
transcribed, or used in any form
Management: Theory & Practice, Financial management : theory
or by any means—graphic,
Fourteenth Edition, by Eugene and practice / Eugene F. Brigham,
electronic, or mechanical, including
F. Brigham and Michael Ehrhardt, Michael C. Ehrhardt, Jerome
photocopying, recording, taping,
published by South-Western Cengage Gessaroli, Richard R. Nason.
Web distribution, or information
Learning. Copyright © 2014 by —Third Canadian edition.
storage and retrieval systems—
South-Western Cengage Learning. without the written permission of Includes index.
Printed and bound in Canada the publisher. ISBN 978-0-17-658305-7 (bound)
2 3 4 5 20 19 18 17 For permission to use material from 1. Corporations—Finance—
this text or product, submit Textbooks. I. Ehrhardt, Michael C.,
For more information contact Nelson
all requests online at 1955-, author II. Gessaroli, Jerome,
Education Ltd.,
cengage.com/permissions. author III. Nason, Richard Ronald,
1120 Birchmount Road, Toronto,
Further questions about 1962-, author IV. Title.
Ontario, M1K 5G4. Or you can visit
permissions can be emailed to
our Internet site at nelson.com
HG4026.F53 2016
Cognero and Full-Circle Assessment 658.15 C2015-904541-X
Every effort has been made to
are registered trademarks of
trace ownership of all copyrighted ISBN-13: 978-0-17-658305-7
Madeira Station LLC.
material and to secure permission ISBN-10: 0-17-658305-X
from copyright holders. In the event
of any question arising as to the use
of any material, we will be pleased
to make the necessary corrections in
future printings.
Copyright 2017 Nelson Education Ltd. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content
may be suppressed from the eBook and/or eChapter(s). Nelson Education reserves the right to remove additional content at any time if subsequent rights restrictions require it.
