DOC

Finance I (FIN B62 5201)

By Leonard Crawford,2014-08-07 11:40
12 views 0
Finance I (FIN B62 5201)

    Finance 4414-901

    Advanced Corporate Finance

    College of Business Administration

    University of South Florida

    Spring 2005

Professor: Jianping Qi (“Janping Chee”)

    Class Hours: Monday 6:00-8:50 p.m.

    Classroom: BSN 1401

    Office Hours: Monday 3:30-5:30 p.m. or by appointment

    Office: BSN 3126

    813-974-6351

    813-974-3030 (fax)

    jqi@coba.usf.edu (e-mail)

Course Materials

     thYour required textbook, available at the USF bookstore, is Corporate Finance, 7 ed.

    (ISBN 0-07-282920-6), by Ross, Westerfield, and Jaffe. Although not required, Student thProblem Manual, 7 ed., by Hanson, is a useful supplement to accompany the textbook.

It is recommended that you subscribe to The Wall Street Journal, as many of its articles

    are relevant to our course. You can sign-in your discounted subscription at the USF Finance Department (BSN 3132).

Expectations

This is your second course in corporate finance. As such, FIN 3403, Principal of Finance,

    or its equivalent, is a prerequisite. There are three purposes for this course. First, we want to provide a more rigorous treatment to important concepts and tools developed in the first course. Second, we want to extend coverage to topics that have not been covered. Third, we want to apply corporate finance theory for practical investment and financing decision-making.

    The pace of the course is fast. You should keep up with assigned reading and homework. In particular, you should work on assigned (end-of-chapter) questions and problems in conjunction with your review of class notes and reading assignment. Answers to assigned practice exercises are available on my website.

Assignments

    Hand-in assignments are case write-ins, which should be done in groups of up to four people each. Each group should hand in one copy of typed write-in at the beginning of the class in which the case analysis is scheduled. Late hand-in is not accepted. Case write-ins

     1

    will be graded on the basis of your clarity in identifying and analyzing the major issues facing the decision maker.

Exams

    We will have a midterm exam and a final. Exam questions are generally similar, or related, to those appeared in class notes, cases, and assigned practice questions. Both exams are closed-book and no formulas are provided. However, you may bring one 8?” by 11” sheet of paper on which you may write whatever you deem useful. You may also

    bring scientific and financial calculators, but computers are not permitted. Makeup exams

    may be scheduled only for valid medical, family, or business reasons with sufficient proof and then only if I have consented in advance.

    The class will be a combination of lecture, discussion, and case analysis. Class participation is an integral part of this course and your contribution is strongly encouraged. Active class participation could increase your grade if it would otherwise be marginally below a cutoff point.

Grade

    I will assign plus/minus grades. Your grade will be based on your weighted performances on case write-ins, the midterm, and the final, with potential adjustment upward based on active class participation. Weights are given below:

    Case Write-ins ................................................................ 20%

    Midterm Exam ............................................................... 40%

    Final Exam ..................................................................... 40%

About Me

    I graduated in 1993 from the finance Ph.D. program of Washington University in St. Louis. Since then, I have taught various finance courses at all levels at University of South Florida, University of Southern Illinois - Edwardsville, and Washington University in St. Louis. Prior to my doctoral study, I graduated in mechanical engineering from Tsinghua University in Beijing, China, and received an MBA from University of Western Ontario, Canada. My research is in the areas of corporate finance and financial institutions.

     2

    Schedule (Subject to Change)

Date Topics Chapters Chapters

    (topics) (reading) 1/10 Preview 1 1/17 MLK Holiday (No Class) 1/24 Basic Valuation Model and Bond Valuation 4, 5:1-3 3

    In-class Exercise: P&Q 4.41, 4.49 (pp.92) 4

    1/31 Stock Valuation and P-E Ratio 5:4-9

    In-class Exercise: P&Q 5.23, 5.29 (pp.132) 5

    2/7 Investment Rules 6

    In-class Exercise: P&Q 6.19 (pp.173)

    2/14 Project Valuation 7 2, 8

    In-class Exercise: P&Q 7.3, 7.30 (pp.198, 205)

    2/21 Minicases: Goodweek Tires, Inc.; I.Q., Inc.; and 7

    Jimmy’s Hot Dog Stands (pp.206-208)

    Risk and Return Measures 9

    2/28 Portfolio Theory and CAPM 10 11

    In-class Exercise: Sample Exam Questions

    3/7 Midterm Exam

    3/14 Spring Break (No Class) 3/21 Measuring Beta and Cost of Capital 12 3/28 Agency Theory 1:4

    Efficient Markets and Event Studies 13 4/4 Minicase: Allied Products (pp.341) 12

    Raising Capital and IPO Markets 1:5, 14, 19 14 4/11 Capital Structure Theory 15 4/18 Debt Policy and APV 16, 17 4/25 Dividend Policy 18

    In-class Exercise: Sample Exam Questions

    5/2 Final Exam

     3

    Practice Exercises

    Chapter Questions & Problems 1 None

    2 None

    3 None

    4 6, 19, 21, 23, 26, 34, 39, 53 5 4, 6, 7, 18, 19, 22, 28, 31, 34 6 2, 10, 11, 12, 15, 19, 26 7 1, 2, 8, 10, 19, 21, 34, 35, 39 8 None

    9 7, 8, 11, 12, 13, 16, 19 10 3, 5, 11, 15, 19, 22, 29, 33, 40 11 None

    12 1, 3, 11, 12, 14, 15, 16 13 3, 4, 9, 11, 12, 14, 17, 22 14 None

    15 2, 6, 9, 11, 12, 18, 19 16 1, 4, 5, 6, 7, 9

    17 1, 2

    18 3, 4, 5, 9, 13, 17, 18

    19 7, 8, 9, 19

     4

Report this document

For any questions or suggestions please email
cust-service@docsford.com