1 / 13

FIN 468: Intermediate Corporate Finance

FIN 468: Intermediate Corporate Finance. Topic 1–Introduction and Review Larry Schrenk, Instructor. Introduction. Larry Schrenk, Instructor E-Mail: schrenk@american.edu Office: 8 Hurst Office Telephone: 202-885-2794 Course Page

hedya
Download Presentation

FIN 468: Intermediate Corporate Finance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIN 468: Intermediate Corporate Finance Topic 1–Introduction and Review Larry Schrenk, Instructor

  2. Introduction • Larry Schrenk, Instructor • E-Mail: schrenk@american.edu • Office: 8 Hurst • Office Telephone: 202-885-2794 • Course Page http://auapps.american.edu/~schrenk/FIN468/FIN468.htm • Syllabus (Next Week)

  3. Textbook • Finance 434 Managerial Finance 1, Wiley Custom Learning Solutions. • This book is a custom book created in collaboration with Texas A&M University from two books in the CFA Investment Series: • Corporate Finance: A Practical Approach by Clayman, Fridson, and Troughton and • Equity Asset Valuation by Stowe et al. • Calculator

  4. Schedule • Week 1 Introduction and Review • Week 2 Financial Statement Analysis Ch. 1 • Week 3 Capital Budgeting Ch. 2 • Week 4 Discounted Dividend Valuation Ch. 3 • Week 5 Free Cash Flow Valuation Ch. 4 • Week 7 Residual Income Valuation Ch. 5 • Week 8 Market-Based Valuation: Price Multiples Ch. 6 • Week 9 Cost of Capital Ch. 7 • Week 10 Capital Structure and Leverage Ch. 8 • Week 12 Mergers and Acquisitions Ch. 9 • Week 13 Behavioral Finance TBA • Week 14 Real Options TBA

  5. Grading • Exams (3 @ 25%) 75% • Project 25% • NOTE: I do note round grades

  6. Goals • Finance • Theory • Calculation • Real World Practice • Excel • Economic/Financial Thinking

  7. Themes I • Valuation: PV of Expected Cash Flows • Trade-Offs, e.g., Risk-Return Trade-Off • Diversification • No Arbitrage

  8. Themes II • Incentives • Agency Problems • Asymmetric Information

  9. TVM • Time Value of Money • Three Motives • Discounting and Compounding • Single Dollar • Mixed Cash Flows • Annuities and Perpetuities • Non-Annual

  10. Rates • Rates of Change • Growth • Inflation • Discounting/Compounding • Inflation • Real • Nominal

  11. Statistics • Measures • Mean • Standard Deviation, Variance • Covariance, Correlation • Techniques • Histograms • Linear Regression

  12. CAPM • Diversification • Market versus Non-Market • s versus b • Capital Asset Pricing Model

  13. Cost of Capital • WACC • Capital Stucture

More Related