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Managerial Finance, Finance 3250. Name PlacardsFirst name on top lineLast name on bottom lineE.g. . . LEESANNING. . Managerial Finance, Finance 3250. Brief bio. Managerial Finance, Finance 3250. Amanda Coxbill - Graduate Assistantcoxbilla@uwyo.eduOffice: Ross Hall 242SyllabusContact info:lsanning@uwyo.edu766-3848Ross Hall 230.
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1. Managerial FinanceFinance 3250Spring 2008 Lee W. Sanning
Professor of Finance
2. Managerial Finance, Finance 3250 Name Placards
First name on top line
Last name on bottom line
E.g.
3. Managerial Finance, Finance 3250 Brief bio
4. Managerial Finance, Finance 3250 Amanda Coxbill - Graduate Assistant
coxbilla@uwyo.edu
Office: Ross Hall 242
Syllabus
Contact info:
lsanning@uwyo.edu
766-3848
Ross Hall 230
5. Managerial Finance, Finance 3250 Syllabus (cont)
Office Hours
Times: W 2:00P-3:30P & R 9:30A-11:00A
Additional availability around exams
Disabilities
Final Exam (set by registrar)
Web page
WyoWeb
uwacadweb.uwyo.edu/sanning/
Google “Lee Sanning”
6. Managerial Finance, Finance 3250 Course Materials:
Text: Fundamentals of Financial Management
Brigham and Houston 10e/11e
Calculator: Financial Calculator!
Must be able to do “uneven cash flows”
Recommend the HP-10bii (bookstore: approx $35)
7. Managerial Finance, Finance 3250 What is Managerial Finance?
Decisions of the corporate manager
8. Managerial Finance, Finance 3250Basic Valuation Model
9. Managerial Finance, Finance 3250 How should a firm decide whether or not to undertake a proposed project?
Suppose a project requires an initial investment of $10M. Should the firm take the project?
10. Managerial Finance, Finance 3250 How should a firm decide whether or not to undertake a proposed project?
Suppose a project requires an initial investment of $10M. Should the firm take the project?
Suppose the project will return $14M in one year.
Should the firm take it?
11. Managerial Finance, Finance 3250 Estimation of project cash flows
Time Value of Money
Determination of discount rates
Understand the relationship between risk and reward.
12. Managerial Finance, Finance 3250 Where will the firm get the $10M? Suppose that the interest rate on borrowing is 45% per year. Should the firm take the project now?
need… cost of money
Where can the firm get money?
issue stock
issue bonds
bank loans
private placements
retained earnings
etc.
How much interest would lenders charge?
depends on the risk of the firm
depends on the risk of the investment
13. Managerial Finance, Finance 3250 Managerial Finance – Course Overview
What is a firm and what is the ideal goal of the firm? (Chapter 1)
How can we evaluate the quality of firms? (Chapters 2 & 3)
How can we measure risk? What is the relationship between risk and return? (Chapters 4 & 5)
What is the time value of money? (Chapter 6)
How should bonds be valued? (Chapter 7)
How should stock be valued? (Chapter 8)
What is the firm's cost of borrowing? (Chapter 9)
What measures can be used to evaluate proposed projects? (Chapters 10 & 11& 12)
How much debt should a firm have? (Chapter 13)
What should the firm do with its profits? (Chapter 14)