Class 16447 COMM 3720 - 005 (Lecture)
Intermediate Corporate Finance
Instructor Robert Parham
Meetings
Robert ParhamTuTh 12:30PM - 1:45PMRouss Hall 410
Other SIS Info
Enrollment: (Show Graph) 31 students (capacity 35)
Status: Open, No Waitlist Available When Full
Units: 3
Meeting Dates: 01/17/2018 - 05/01/2018
Class Components: Lecture Required
Enrollment Requirements: Undergraduate Commerce students
Requirement Designation: None
Class Attributes: None
Grading: Graded
SIS Description: A rigorous introduction to the full field of finance. Students should gain an appreciation of the role of financial markets and institutions in our economy as well as an introduction to the responsibilities, concerns, and methods of analysis employed by corporate financial managers. We focus on the two fundamental aspects of financial decision-making: time value and risk (modern portfolio theory, the capital asset pricing model, and alternatives). The concepts of time value and risk are used to value the two basic financial assets, bonds and stocks, as well as real assets, investment projects, and companies. In addition, the course introduces derivative securities (options, futures) and discusses their application in a wide variety of settings (real options, contingent claims valuation of equity). The course also covers the theory and practice of capital structure decisions (Modigliani and Miller, taxes, bankruptcy costs, asymmetric information, agency) and dividend decisions. The course will include a thorough discussion of market efficiency and an introduction to the field of behavioral finance. A unifying theme of the course is how no-arbitrage conditions and the law of one price can be used to value most financial assets. The emphasis in this course (both in and out of class) will be on problem solving. Prerequisite: COMM 3010, 3020, and 3030.
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