|The purpose of this course is to provide you with an understanding of major decisions made by corporate financial managers and familiarize you with the tools used to make these decisions. The first part of the course covers methods used to value investment projects. Particular attention will be given to the methods of weighted-average cost of capital (WACC), and adjusted present value (APV). The next part of the course focuses on issues of corporate financial structure. The focus will be on the choice of financing through equity, debt and other types of securities and on payout policies through dividends. Specialized topics, such as mergers and acquisitions, corporate hedging, bankruptcy and real options will be covered as time permits.|
|Berk and DeMarzo, Corporate Finance (only textbook, do not need the kit); CoursePack. The course description and class schedule will be posted on Chalk.|
|Based on cases, an optional midterm exam, final exam and class participation. No auditors. Cannot be taken pass/fail.|
|Bus 30000, 33001, 35000, & 41000 or 41100: strict, cannot be taken concurrently. The course is NOT self-contained; I rely heavily on the knowledge from the other classes. Waivers potentially granted only to students with substantial previous course work in investments (not corporate finance), substantial work experience in investments (asset allocation, not investment banking) or CFA level 2.
Description and/or course criteria last updated: 6/13
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