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Course Overview
This is the capstone class in Finance at St. Bonaventure. It is a
case class where the student gets hands-on experience, it is a bit f work, but can be very fun!
Syllabus
Every class must have a syllabus which serves as a contract or road map for
both the student as well as the professor. .
Class Schedule
Monday and Wednesday 4:00 to 5:15
Notes:
As a capstone-type class, notes from this call will come from all over in the field of Finance. As a starting point, I am providing the notes that we used for 401 as well as some other notes on derivatives, executive compensation, and trends in finance. Notes will be added on a regular basis.
If you do not have PowerPoint, you will need to download a PowerPoint viewer for the PowerPoint notes. However, most of the notes are in HTML or Word format.
Notes on what is expected for each case.
Notes:
1. Introduction-- Review of 401
science of finance:
valuation
2 Bonds, stocks Time Value of Money
3. Historical Returns
4. Stock and Bond Valuation
5. Diversification
and Portfolio math
6. Pricing Models
CAPM
Others
Here are some CAPM sample problems
(and answers)
Market efficiency
Efficient Markets Hypothesis
(EMH)
Insider Trading
Art of finance
Firm as a Nexus of Contracts
Keeping score
Accounting vs. Finance
Proforma Statements
Cash Flow Estimation
Economic Value Added--Stern Stewart's EVA
Introduction to WACC and economic returns
EVA vs Net Income
Capital Budgeting-NPV is
#1!!!!!!
Theory
Cost of Capital
WACC -computation and problems
If not WACC, then what?
12. Risk revisted:
What is correct measure?
Stand-alone, project, company, or market?
Additional Funds Needed (AFN)
13. Capital Structure and Security
Issuance
MM and does capital structure matter
14. Dividend Policy
15. Investment banking and Financial
Restructuring
16. The Market for
Corporate Control
17. Executive compensation
18. Derivatives
19. Short Term Cash Management
20. Leasing
21. International Currency
Exchange, added risks, Greenspan on the benefits
of globalization.
22. Real Estate and Mortgage
markets
iiRREALESTATE.COM, NAREIT,
Quick Overall review of corproate finance
Additonal Cases:
Adelphia
Powerpoint presentation
Orange County
CASE
Preliminary NatWest
case
Signet
Bank Case
Exxon-Mobil