SYLLABUS

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CLASS SYNOPSYS This class consists of three parts: PART 1 will cover introductory topics in corporate finance such as financial statements, the law of one price, no-arbitrage pricing, fixed income assets, stock and bond valuation, NPV investment rule, and basic elements of capital budgeting decision. The impact of uncertainty on all concepts that we will cover during this part of the class will be kept to a minimum. EXAM WEEK: week 6 of classes, approximately Sep 26-30. Prior to this week I will post a concept review and a practice midterm exam to help you prepare for the exam. The plan for this week is as follows 1. Tuesday we start with a review of the concepts that will be covered in the exam and then follow with a short Q&A session (where you ask the questions). Then we spend the rest of the lecture solving the practice midterm exam. 2. Thursday is exam day. The test is 1h and 15 min long and will be administered during class time. PART 2 will cover topics such as risk and return in capital markets, portfolio analysis, risk premium and the CAPM, cost of capital, capital budgeting under uncertainty, strategic investments and real options. EXAM WEEK: week 11 of classes, approximately Oct 31 - Nov 4. Prior to this week I will post a concept review and a practice midterm exam to help you prepare for the exam. The plan for this week is as follows 1. Tuesday we start with a review of the concepts that will be covered in the exam and then follow with a short Q&A session (where you ask the questions). Then we spend the rest of the lecture solving the practice midterm exam. 2. Thursday is exam day. The test is 1h and 15 min long and will be administered during class time. PART 3 will cover topics such as security issuance, payout and financing policies, taxes, optimal capital structure, firm valuation, WACC and APV valuation methods, acquisitions and divestitures, and corporate restructuring. FINAL EXAM covers selected topics from PART 1, 2, and 3. This exam is 2h and 30 min long and will take place in your classroom. ASSIGNMENTS: There will be two types of assignments: 1. Group assignments (GA). A total of 2 or 3 GAs will be distributed approximately at the end of class parts 1, 2 and (possibly) 3. 2. Individual assignments (IA). A total of 11 IAs will be distributed at the end of lecture weeks. Group assignments target relatively complex problems. You will be required to write a brief and concise memo summarizing your results and to provide a technical appendix
showing your calculations. These group assignments will increase in difficulty as the class progresses. Groups of 3 or 4 students should form by the end of third week of classes. That is by September 9. The group assignment will be distributed towards the end of each of the three class parts. You will get 1 week to work on it. The group assignment is meant to be part of your preparation towards the coming midterm/final exam. Each group member is expected to contribute to the group assignments or else he/she will receive a grade of 0. Each group assignment will be graded from 1 to 10. Individual assignments will be administered through www.myFinanceLab.com, so make sure you establish an account as soon as possible during the first week of classes. Please see the top of this syllabus for more information or contact me if you need help with this. Individual assignments (IAs) will be distributed at the end of each lecture week and will consist of sets of short problems on the material covered during that lecture week. IAs will be due the first Tuesday. Important: I have zero tolerance for late assignments. Pay attention to deadlines or your work will receive no grade. GRADING Please be aware that the Leeds School of Business has recently passed a mandatory grading policy stating that the average course grade cannot exceed 3.0. The school also recommends a grade distribution with no more than 25% A- or above, no more than 75% B- or above and at least 25% C+ or below. The official grading guidelines can be found at: http://leeds.colorado.edu/asset/undergraduate/gradingpolicy.pdf. In computing your final grade I will use the following weighting scheme: 1. Midterm 1: 25% 2. Midterm 2: 25% 3. Final Exam: 25% 4. Group Assignment: 10% 5. Individual Assignments: 15% Example: Suppose you scored 80% in Midterm1, 90% in Midterm 2, 85% in Final Exam, 95% in Group Assignments and 89% in Individual Assignments. Then your total (percentage) score is 86.6% = 0.25 X 80% + 0.25 X 90% + 0.25 X 85% + 0.10 X 95% + 0.15 X 89%.
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SYLLABUS

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